Summary
ARE we getting over the economic slump triggered by the US subprime fiasco?
THE global capital market comprises the debt and equity markets of all countries.See the full content of this document
Extract
Is the Recovery Here?
Movements in the debt or bond market tend to presage only one of two things: Interest rate movements and changes in the quality of government revenues or corporate earnings. Changes in equity or stock valuations, on the other hand, usually run ahead of economic recovery or deterioration.
Personally, I believe the long-awaited economic recovery i...See the full content of this document
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