GLOBAL stock markets have rallied sharply because of the promise of yet another bailout of Greece. Despite the euphoria, the massive private and public-sector European debt overhang is as serious as ever. The threat of contagion, leading to one or … Read the rest
October 2010:- Sovereign Wealth Fund’s assets under management have now reached $4 trillion and could rise to more than $6 trillion in 2012, predicts the Sovereign Wealth Fund Institute. The funds have thus become exceedingly important players in global markets … Read the rest
December 2008:- Historians will narrate one day how central bankers were hopelessly out of touch with reality ahead of the greatest economic crisis since the thirties.
Despite numerous warnings, notably sliding US and European real estate prices, a worsening credit … Read the rest