Shock Therapy |
|
We are seeing history in the making and it is a scary sight. Three major brokers have now disappeared from the scene. Two of them (Bear Stearns and Merrill) had been around for almost a century; the third (Lehman) for a century and a half. The US Treasury’s decision to opt for shock therapy, allowing Lehman to go bankrupt, has pushed us into uncharted waters and markets are grappling with the potential impact of unwinding Lehman’s positions. If the Treasury’s gamble succeeds, and the market
Filed under: Fundamental
Latest Posts
- December Non-Farm Payrolls Preview: Could We See a Rebound?
- USD Slumps Ahead of Payrolls
- U.S. Forex Market Commentary
- U.S. Forex Market Commentary
- New York Session
- Daily Forex Signal
- Daily Forex Signal
- Daily Forex Signal
- The year-end high at 0.9805
- Euro should spend Q1 2009 getting used to current levels and consolidating between 1.2500 and 1.5000
- The biggest ever percentage quarterly fall
- $/yen, final new lows over next few weeks ?
- Why Non-Farm Payrolls Could Rebound in December
- Today’s Live Show: The USD Ahead of Non-Farm Payrolls
- GBP should recover in the next six months