If it’s true that markets lead economies, markets are telling us that things are going to get much better. The FTSE index of emerging markets is up 99% from its March lows. The S&P 500 is up nearly 60%. And gold itself is up 25%, with much of that move coming in the last few weeks.
September 21st, 2009 | Dan Denning | 10 comments | ContinuedAll Posts Tagged With: "financial economy"
The Root of All Financial Evil
Around noon yesterday here at the Old Hat Factory, a little daemon whispered in your editor’s ear, “The bottom is in for the year of the ASX.” “Huh?” We looked around to try and spot the little green devil. He’s been in our ear before. But he was nowhere to be found. We could still hear his voice. “Think about you fool. It is now safe to be dogmatically bearish on the front page of the newspapers…
October 29th, 2008 | Dan Denning | 2 comments | Continued