Did the Fed make one of the biggest emergency rate cuts ever because of one rogue French trader?

Soc Gen

Sources: New York Times via Bloomberg

About Chris F. Masse

Founder and President of Midas Oracle
This entry was posted in Finance and tagged , , , , , . Bookmark the permalink.

One Response to Did the Fed make one of the biggest emergency rate cuts ever because of one rogue French trader?

  1. Considering that the sell off had already begun in the overnight Asian markets, this theory does not hold much water; not least, when one considers that most of these guys positions were in the French and German markets.
    Market volatility may indeed have forced the decision, but it was always on the cards.

Leave a Reply