In the last six months, Alan Greenspan's reinflation of global liquidity (or more specifically the U...
In the last six months, Alan Greenspan's reinflation of global liquidity (or more specifically the US stock market), has fed its way through to the real economy. Clearly Europe's core has started to pick up, but the markets have been alluding to this trend for some time. The 30-year German Bund has backed up to a 5.7% yield, a level last seen in January 1998, while commodity prices have risen steadily over the last six months. Oil has climbed from $9.20 to $20 per barrel, while nickel has risen 48%, zinc 16.3% and aluminium 12. The markets have had to ask serious questions of inflation an...
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