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Words from the (investment) wise for the week that was (July 7 – 13, 2008)

By Prieur du Plessis, on July 13th, 2008 posted in: Investment, Markets, Money

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“Finance is the art of passing money from hand to hand until it finally disappears,” said Robert W. Sarnoff. This is certainly the way it looked last week as the fall-out of the credit crisis deepened. Markets had investors feeling dazed and confused after another roller-coaster week amid further evidence of the deteriorating health of the US financial sector and a fresh rise in oil prices. Read all about this in my weekly review, highlighting some thought-provoking news items and quotes from market commentators during the past week. [...]

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