German Central Banker Soothes Markets Ahead of Jackson Hole Meeting

A little more than a week before the central bankers' annual meeting in Jackson Hole, Wyoming, a survey of fund managers revealed that fear of a policy mistake by the Fed or the European Central Bank is investors' top concern. They should perhaps read a speech made on Tuesday, Aug. 15, by an important German central banker, to get some perspective.

The monthly survey of global fund managers from Bank of America Merrill Lynch found that the fear of a monetary policy mistake by these two major central banks was cited by 22% of investors as their top concern in August, ranking higher than the risk of a crash of the bond market (19%) and North Korea-related risks (19%)....602 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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