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The mood of investors benefited last week from the potentially positive implications for the global economy emanating from the G20 meeting, and the decision to relax mark-to-market accounting rules. And the announcement of the Geithner plan to remove toxic assets from the balance sheets of banks was also seen as a tailwind for stock markets. Read all about this and the implications for financial markets in the weekly “Words from the Wise” review. […]
Source: Economist.com, April 1, 2009 (hat tip: Barry Ritholtz).
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All this talk about “stimulus packages” and “bailouts” … But what does a trillion dollars look like? This post provides a graphical illustration. […]
“We are just over six months into this global financial crisis, and most major economies have yet to get back on their feet. Yet somehow, the numbers coming out of Beijing suggest that the Chinese economy has already dusted itself off and is preparing to take off at a dramatic pace. Is such a quick recovery possible, and if so, how do other countries get in on it?,” asks guest contributor James Pressler in this post. […] | ||||||||||||||||||||||||||||||||
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