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It wasn’t supposed to happen this way. The biggest surprise for equity investors in 2011 was not the weakness of the crisis-ravaged European markets, but the carnage in the stock markets of the emerging economies.
It wasn’t supposed to happen this way. The biggest surprise for equity investors in 2011 was not the weakness of the crisis-ravaged European markets, but the carnage in the stock markets of the emerging economies.
S&P’s downgrade of Japan’s credit-rating raises a disturbing prospect. Is this stage two of the global credit crisis, featuring chain of sovereign defaults amongst the largest economies?