No Easy Way Out of Easy Money for the U.S. or Japan: Dallara
by Barbara Kollmeyer
Market Watch
Perhaps worries about the Fed’s quantitative-easing exit, which have triggered sharp losses for Japan stocks and broke a four-week winning streak for Wall Street, aren’t exactly being overplayed.
“We’re expecting too much of the Federal Reserve, and Bank of Japan, and I’m growing increasingly concerned that we’re not going to find an easy and smooth exit out of QE in the U.S. or for that matter in Japan.”
That was Charles Dallara, the former managing director of the Institute of International Finance, a major lobby group for financial institutions, speaking to CNBC on Monday. Dallara was lead negotiator for private bondholders in talks to restructure Greek debt last year during the height of the European debt crisis.
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Source: http://financialsurvivalnetwork.com/2013/05/no-easy-way-out-of-easy-money-for-the-u-s-or-japan-dallara/?utm_source=rss&utm_medium=rss&utm_campaign=no-easy-way-out-of-easy-money-for-the-u-s-or-japan-dallara
