The conventional wisdom of academic investment theorists is taking a terrible beating in the post-bubble era. Rightly so, in the case of the efficient market theory, which now gives rise to growing skepticism.The flawed wisdom of crowds Since Wang Shulian started a gypsum factory nine years ago, her brick home in the countryside of western …
China’s stocks have been enjoying a rally since mid-March and one of the reasons could be the leakage of stimulus funds into the stockmarkets. Stimulus money leaking into Chinese stocks Nobel Prize-winning economist Paul Krugman says the UK economy is the best in Europe at the moment. UK’s economy is ‘best in Europe’ Two European …
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A glance at a selected 100 of the world’s most beaten up mining stocks, including a focus on misadventures and bad luck in the gold space.Bottom fishing global mining stocks THE IMF has increased its growth forecast for next year by more than 25pc, fuelling hopes of recovery.Sharp rise in IMF 2010 growth forecast Local …
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Despite its troubles, Mexico still offers opportunities.Mexico: NAFTA ’s third amigo European governments have approved $5.3 trillion of aid, more than the annual gross domestic product of Germany, to support banks during the credit crunch, according to a European Union document. Bank Rescue Costs EU Governments $5.3 Trillion, Surpassing Germany’s GDP When Jeff Bezos put …
Continue reading ‘Daily Wisdom: Ireland’s Bad Bank Edition’ »
The UK recession has almost run its course, according to the respected NIESR forecasting group, as it reported that the economy grew in April and May..‘UK recession is all but over’ – NIESR A new government report shows that the former East Germany has been less bruised by the economic crisis than the richer West. …
Continue reading ‘Daily Wisdom: UK Recession Almost Over Edition’ »