Reported 2 months ago
Market analyst Ed Yardeni has drawn parallels between the current global equity selloff and the 1987 market crash, suggesting that both situations involved internal market dynamics rather than fundamental economic downturns. He attributes the current market decline to an unwinding of carry trades related to Japan's interest rate hikes, and anticipates that central banks may respond to this with liquidity measures, although he does not predict an immediate emergency rate cut. Yardeni remains optimistic about the US economy's growth despite recent troubling job data.
Source: YAHOO