Dollar In Correction Mode
The global economic crisis, which battered investor confidence across the board, seems to have led to overpricing of the dollar, when in reality it was not backed by sound economic fundamentals. … More…
We all know that the US dollar has traditionally served as a world reserve currency as also a hedge in times of economic uncertainty. For China, the US dollar has also served as a major investment destination in the form of US treasuries. … More…
The global economic crisis, which battered investor confidence across the board, seems to have led to overpricing of the dollar, when in reality it was not backed by sound economic fundamentals. … More…
The World Bank's latest projections suggest that the global economy is all set to shrink in 2009, with major economies registering negative growth. Earlier it was expected that the global economy may register marginal growth, but the impact of the unexpected contraction in the Japanese economy seems to be leading to a situation, where the overall picture for the global economy is emerging to be gloomier. … More…
The writing seems to have been on the wall. The bailout of AIG could lead to the belief that bad corporate performance by AIG was on the cards. AIG's largest ever declaration of a quarterly loss in corporate history seems to have triggered a massive sell of stocks across America and Asia. … More…