Sunday February 23, 2020

Deadly mix of market forces

Two opposing forces - deleveraging and intervention - are hitting the financial markets and preventing the everything from settling into a predictable path, writes David McWilliams.

12th May, 2012
When the global markets are exhibiting such volatility, you would be mad to hold a referendum on fiscal policy.

When I was a boy, there was a very popular game played by all the kids on our road. It was called "clackers". It involved two plastic balls on two strings tied together at the top. The balls hit off each other with force making a "clack" noise. Once one ball hit the other, the other would whip back and hit the other and so on, back and forth. This could go on indefinitely if...

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