The Fed's Overperformance in Europe and the US

Mike Downey: I struggle to get a really clear picture for both risk assets as well as fixed income. On the one hand, I do think that the Fed is going to be forced to cut sooner than they want to. He says he's been spending more time looking at where sort of these divergent monetary policy decisions can come out and what that might mean for something like the euro.downey: We're setting up for some real serious divergence in monetary policy.