Wall Street Journal (August 16)
This time European leaders struck “a novel idea: Restore investor confidence by denying investors crucial price information.” Novel, but ineffective. Like many of the half-measures before the new bans on short-selling will not fix the European debt crisis. “Someday economic historians will describe Europe’s reaction to its current fiscal woes as a case study in avoiding the real problem. In the latest episode, regulators in France, Italy, Belgium and Spain decided late last week to stop the decline of European bank shares by imposing a short-selling ban on financial stocks for at least 15 days.”
Tags: Debt crisis, Europe, Investors, Short-selling
Institutional Investor (June)
Emerging countries are increasingly driving the global economy. The U.S. subprime crisis and the European debt crisis have accelerated a “new world order.” Investors who used to look to the U.S. for leading indicators now “find themselves monitoring Shanghai apartment prices and Chinese iron ore imports.”
Emerging countries are increasingly driving the global economy. The U.S. subprime crisis and the European debt crisis have accelerated a “new world order.” Investors who used to look to the U.S. for leading indicators now “find themselves monitoring Shanghai apartment prices and Chinese iron ore imports.”
Tags: China, Debt crisis, Emerging markets, Europe, Subprime crisis, U.S.
