Distant Rumblings Ponder Possibility Of A Crash
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Distant Rumblings Ponder Possibility Of A Crash.
This from telegraph.co.uk, by Ambrose Evans-Pritchard:
Global markets are bracing for turmoil today after an ominous slide in the US dollar and a slump in equity and bond prices late last week sent tremors through the global financial system, evoking memories of the 1987 crash.This from The Independent, by Stephen King, managing director of economics at HSBC:
(CUT ...)
The bond slide is exacting a toll on the US property market, where the price of new homes has fallen for five consecutive months. A half-year inventory of unsold houses now hangs over the market.
If, though, the economic data has been so benign, why are financial markets so nervous? My sense is that this anxiety recognises two truths: first, the economic challenges facing policymakers have got trickier in recent months and, second, markets are beginning to lose confidence in the ability of our policymakers to deal with these challenges.
-- The Boy in the Big Housing Bubble
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