Markets were in bad shape Monday. With quadwitching volatility behind us markets didn’t improve on Monday. Things started rough early as China indicated or implied there wouldn’t be any QE stimulus for that economy. This hurt most Asia and emerging markets overall. In Europe the ECB’s Draghi continued his “boy who cried wolf” routine by repeating he was ready, for the umpteenth time, to launch QE. But many of other eurozone members, especially Germany, has little taste for it. And U.S. Treasury Secretary Lew couldn’t get his European counterparts to adopt growth measures as the G-20 meeting ended. The G-20 also had little comment regarding the strong dollar but worried out loud regarding potential asset bubbles. However Fed Vice-Chair Dudley mentioned that he and the
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