- sees slowdown on global economy
- atmosphere at IMF meeting was rather pessismistic
- can’t comment on ECB stress tests
- it’s a big problem that companies don’t borrow
They’re all coming out of the woodwork this morning
- monetary policy made significant step on interest rates
- interest rates can not go much lower
Indeed not
- situation with banks massively better than during financial crisis
- uncertainty to be reduced in Nov with new banking supervision, more potential for lending
Nowotny – loving that short EURUSD position
