Monetary Policy

Barclays gets downright bearish 

The UK daily Telegraph last week carried coverage of Barclays Capital warning to “batten down the hatches” ahead of what the bank expects to be a nasty stretch of global financial turmoil as we head into summer: Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall “below zero”.