Yes, everything looks gloom and doom indeed.
Not only the headlines – UBS, Rio Tinto, stock indexes, banks- sound very negative but also in less suspected corners we only see dire conditions and predictions.
Bloomberg tells us that in January 74 bln USD was withdrawn by hedge-fund investors. These withdrawals were the second highest on record after the 117 bln USD outflows in December.
Losses and withdrawals cut assets by 37 percent in the second half of 2008 to an estimated 964 billion USD. The entire industry is under pressure in order to survive.
The Eastern Europe story has now hit the headlines of the Wall Street Journal. We’re still not sure if a meltdown is underway. Or is this the meltdown?
Not only the headlines – UBS, Rio Tinto, stock indexes, banks- sound very negative but also in less suspected corners we only see dire conditions and predictions.
Bloomberg tells us that in January 74 bln USD was withdrawn by hedge-fund investors. These withdrawals were the second highest on record after the 117 bln USD outflows in December.
Losses and withdrawals cut assets by 37 percent in the second half of 2008 to an estimated 964 billion USD. The entire industry is under pressure in order to survive.
The Eastern Europe story has now hit the headlines of the Wall Street Journal. We’re still not sure if a meltdown is underway. Or is this the meltdown?
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