Word: scareder
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The market run-up is working on the same dynamics as a hydrofoil. A small bit of news which may be good is lifting the larger market well above the chop. (See pictures of the Top 10 scared traders.)
Now a new government must try to rescue the economy. Former-national bank governor Gyorgy Suranyi and academic Ferenc Glatz have both been mentioned as possible caretaker premiers. Or the country might decide to go to the polls early which would open the way for the rightwing Alliance of Young...
That's quite some claim. Currently at its strongest against the dollar and euro since last fall, the krone is set for a "sustained appreciation" over the next year and a half, according to HSBC. The main reason: Norway's budget and current-account surpluses are the biggest among nations...
One of the reasons, and probably the critical reason, that large banks have nearly failed is that the executives who ran them apparently never looked at their rapidly rising earnings and asked "what happens if the investments we are making now start to trade in the wrong direction?" "What happens...
Harvard today may be less exciting than the National University of Mexico during the sixties, when student protests against the government raged on campus, but filmmaker and producer Guita Schyfter appreciates the peaceful university experience. “I feel absolutely happy, delighted,” she says. ?...