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'Dollar funding to EU banks only a short-term solution'

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  • Published On: September 15, 2011
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Michael Woolfolk, MD of BNY Mellon Global Markets, says the decision of ECB to coordinate with Fed to lend banks dollars‎, will only offer a short term solution. He says equities in US and globally are underpriced and a sustained rally going into the holidays is probably warranted.
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