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Showing posts with the label Bank of England

Bank of England may extend its bond buying program beyond its cut off dates. Unattended consequences will be the rise in the oil price as BoE juices global equities and sells off the U.S. Dollar.

Bank of America earnings come in better than expected as Wall Street analysts are still penciling in a current recession for the U.S. Yet, the Worst situation is the amount of unrealized losses on commercial bank's balance sheets and the U.S. consumer loading up on debt to paydown higher costs of living. Bond markets could still implode.