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Sep 30, 2007

IROs shift gear as US sub-prime mess reverberates globally

Record trading volumes and volatility largely driven by hedge funds as veterans of past market corrections advise consistency and credibility

Most people are having a hard time navigating the markets these days. Some of the best and the brightest made investment decisions that are coming back to haunt them, and the blue-chip investment firms that employ them. The implosion of the US sub-prime mortgage industry has sent shock waves across the global economy. According to a new survey by National Association for Business Economics, economists now believe the threat of sub-prime loan defaults and the ‘excessive indebtedness’

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