Daily Markets - Financial News And Opinions |
| Why You Should Be Worried About China Posted: 28 Feb 2010 08:01 AM PST Toward the end of last year, many market followers were speculating on a Fed hike as early as the first half of 2010. Global stock markets had experienced explosive bounces, commodity prices had surged from the crisis lows, and risk spreads and market volatility had all subsided. In short, markets were pricing in a very optimistic outlook for global economic recovery - a return to normalcy. But just two short months into 2010, the exuberance about recovery has deflated. As I’ve … [visit site to read more]
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| Posted: 28 Feb 2010 07:00 AM PST A while back, our colleague, Chris Mayer, employed a wonderful analogy to illustrate the passage of time from the roaring twenties through to the dustbowl thirties. The former decade, Chris explained, was captured in essence by F. Scott Fitzgerald's The Great Gatsby. It was a period ripe with wild speculation, fueled by an explosion in EZ money, and of reckless excesses in general. (If any of this sounds familiar, you can probably already guess the point at which Chris was driving.)
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| Market Review For February 2010 Posted: 28 Feb 2010 05:01 AM PST An interesting month both on our global economic landscape and in the markets. Risks remain high and in large measure presented themselves in abundant fashion in the Euro-zone, but markets rebounded. What gives? Let’s review the market moves for February. The figures provided for the respective markets are: year-end 2009; month-end statistics; month-to-date % change; and year-to-date % change. CURRENCIES The U.S. dollar continued its positive trend. The greenback benefited … [visit site to read more]
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