Profit

'Dollar funding to EU banks only a short-term solution'

PUBLISHED ON: September 15, 2011 | Duration: 6 min, 45 sec

   
loading..
Michael Woolfolk, MD of BNY Mellon Global Markets, says the decision of ECB to coordinate with Fed to lend banks dollars‎, will only offer a short term solution. He says equities in US and globally are underpriced and a sustained rally going into the holidays is probably warranted.
ALSO WATCH
EU'S GDPR and You

................................ Advertisement ................................

................................ Advertisement ................................