Fed’s done
World asset markets may face a stress test as the US Federal Reserve has ended its program of quantitative easing, said Barnaby Martin, the bank’s European credit chief.
"Our biggest worry is the end of the liquidity cycle. The Fed is done. The reach for yield that we have seen since 2009 is going into reverse”, he said.
Falling oil prices will certainly be a challenge for resource-intensive economies. Small countries that have a relatively large percentage of their revenues come in from oil will suffer the most, like Venezuela and Nigeria.
but in those countries the oil revenues are not reaching the people, they were and still are poor!
how much more to suffer?
only the big fishes are “suffering”, but this is a joke actually:D