Angel Merkel is quite possibly the most powerful person in the world right now. Her actions have the power solve Europe's greatest crisis, or send the continent into a deep recession. The European Crisis is the most significant event, or long term trend, affecting the market. Whichever of its individual events is in the news at any minute effects every decision made by large traders.
In many ways, Merkel's position today mirrors the position Ben Bernanke faced as the financial crisis took hold of the world in 2008. Though he made unpopular decisions and backed even more unpopular ones, Bernanke's forethought saved the economy.
Several separate actions by Bernanke were pivotal in allowing the American economy...
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