Deeper Analysis
Recessionary Forces at Play in the United States
September 27, 2011
In the see-sawing ride of world share prices, this week has seen impressive and welcome upward movement following last week’s significant downsizing. Optimism that a workable resolution of the European debt crisis has been the catalyst, although the basis for that optimism remains very fragile. The other critical problem for the world economy is the […] More
New Overnight Developments Abroad - Daily Update
Revived Appetite for Risk, or a Dead Cat Bounce?
September 27, 2011
Markets rallied overnight, relieved at indications that progress is being made by European debt crisis negotiators to bulk up EFSF resources in ways that will not need the approval of national parliaments or continuing heavy participation of the ECB. Warning: the European debt saga is full of prior instances of dashed hopes. This week’s better […] More
