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As usual, investors tend to get negative as equities fall in value. The mixture of oil in the Gulf, Greece's troubles, etc. is of course weighing on confidence. As we have said, this volatility is likely to continue... |
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Pound of Flesh April 2010 |
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The sharks got another scent of blood and the frenzy went straight for Goldman Sachs. The SEC is likely looking for its pound of flesh... |
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The "lower for longer" dialogue coming out of the US Federal Reserve has given a push to risk taking, although I saw some of that unwind today. The interesting thing to watch is what they do, not what they say. Right now, I can see talk around the world that interest rates are going to be edged higher, and that banks should start to prepare for that environment. |
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