We are entering the last third of the calendar year. The first two-thirds have been rough for investors to say the least with a viciously metastasizing financial crisis, a global bear market in equities and a commodity shock of historic proportions. While the last third of the year will no doubt have its challenges, the annus horribillis may end on a less dire note.
Thursday, August 28, 2008
Wednesday, August 27, 2008
Monday, August 25, 2008
Friday, August 1, 2008
Two major central banks, the Federal Reserve and the European Central Bank, meet next week. The neo-conservative Robert Kagan argued that in international affairs, Americans are from Mars and Europeans are from Venus. Many financial market participants appear to have taken this to heart and extended the application from diplomats to monetary officials.