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May 5, 2012
No guaranteed safety in financial safe havens
Government bonds, especially US treasuries, are a renowned safe haven, but investors have been worrying about a bond bubble since 2009.
It hasn't burst yet, but as the US economy picks up it could rapidly deflate, warns Dan Dowding, the chief executive of IFAs Killik & Co in Dubai. "If financial markets and the macroeconomy continue to stabilise in 2012 and 2013, demand for US treasuries could fall."
ISM® Manufacturing index Decreased to 47.9% in December; "Lowest Reading of
2025"
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(Posted with permission). The ISM manufacturing index indicated
contraction. The PMI® was at 47.9% in December, down from 48.2% in
November. The employment...
4 hours ago
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