Monday, November 16, 2009

Away from the abyss

Staring down into the abyss, all national leaders and their central banks cooperated to avoid falling into it. Now we are safe from financial Armaggedon, naturally everyone has his or her ideas on what is to be done.

We are going to be stuck with a divided world for a while. It is an unpredictable phase. Meanwhile the asset markets are only concerned with liquidity. It is unwise to ignore so many risk factors but that is how the markets always function.

- Posted using BlogPress from my iPhone

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