The banks around the world are being surpressed by this interbank lending problem, says Larry McDonald, Newedge. “Economic indicators really haven’t alleviated which tells you that the actions [the ECB is] taking are making some progress but not a lot of progress otherwise equities would be higher,” he adds. Chris Sheldon, The Dreyfus Corp., also weighs in.Video: ECB’s Bazooka Politically Limited?
The banks around the world are being surpressed by this interbank lending problem, says Larry McDonald, Newedge. “Economic indicators really haven’t alleviated which tells you that the actions [the ECB is] taking are making some progress but not a lot of progress otherwise equities would be higher,” he adds. Chris Sheldon, The Dreyfus Corp., also weighs in.