For the last three or four years there has been a gradual reduction of staffing on foreign exchange desks for doing these intra-European trades partly because the volume has declined,
More Quotes from Mark Cliffe:
His reputation as an arch-dove on inflation is rather misleading.Mark Cliffe
For most people in financial markets, this is typically put in a box labeled 'too difficult'. There's just no sensible way of producing a systematic probability of the outcomes and it's very hard to put numbers or values on it.
Mark Cliffe
I think the market is in a dangerous position. It has gone a long way toward pricing out a Fed rate increase, and that does leave you vulnerable if data comes out pointing to inflation.
Mark Cliffe
I think he's going to lean towards indicating that the Fed isn't in a hurry to raise rates,
Mark Cliffe
As we go into the new year, we have to ask ourselves 'Can this growth continue, and what is going to happen with Iraq'
Mark Cliffe
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