The Europeans and the US to Tension With China

Luigi Zingales, University of Chicago Booth School of Business Professor of Finance says the banking system can't operate with interest rates at 4%. Thierry Wizman, Macquarie Global Interest Rates and Currencies Strategist says it's the "speedy, aggressive and abrupt increase" to 4% rates that is the problem. Julie Norman, UCL Centre on US Politics Co-Director says Europe's more open-handed approach to China could be an advantage for the US. Carl Riccadonna, BNP Paribas Chief US Economist, Markets 360 says there's some progress on the inflation fight.  

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