Market Sentiment & Lateral Thoughts
GLOBAL equity markets lurched sharply lower this week as fears mount that the US and Europe could be hit by a double-dip recession next year, accompanied by a sharp slowdown in Asia and other emerging markets.
Harvard University economics professor … Read the rest
THREE major themes come to mind with regard to the Murdoch empire’s scandal.
First, Rupert Murdoch’s power and credibility has taken perhaps an irretrievable knock in the UK, while his reputation has been severely damaged in the US and … Read the rest
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
AWASH with petrodollars, the members of the Organisation of Petroleum Exporting Countries (Opec) and other oil producers are increasingly calling the shots in world markets. Moreover, compared with the previous oil booms of the 1970s and 1980s when rich oil … Read the rest