Tuesday October 20, 2020

Markets’ blurred vision

Stock market turmoil points to fears of credit crunch mark II

20th August, 2011
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Fear and greed drive the markets, according to the much quoted Keynes comment, and you don’t need me to tell you which one is in the ascendant at the moment.

Shares go up and shares go down, of course.

The big European and US markets are 15 per cent to 20 per cent off their peaks for this year, a significant drop and a hit on pension funds, which had been regaining a...

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