Monday, Jun 25, 2007
A sharp correction in financial markets could also have a negative impact on the world economy, the BIS said.
forextv: A sharp correction in financial markets could also have a negative impact on the world economy, the BIS said.
The Bank for International Settlements said the yen's decline is "anomalous" and warned investors that the currency could rise sharply once market sentiment shifts.
"There is clearly something anomalous in the ongoing decline in the external value of the yen," the BIS said in its annual report.
Posted by out of control speculators @ 03:46 AM (133 views) Add Comment
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1. uncle tom said...
This piece highlights many of the reasons for my bearish outlook, except that I believe that the 'can do' attitude in China will overcome most of the growing pains there.
I am deeply suspicious of CDO's - they embody too much smoke and too many mirrors - I feel sure that when historians write about the causes of the next market crash, CDO's will be centre stage...