Macroeconomic Monitor

2012.01.28

The new norm in financial markets?*

Something strange has been happening in the financial markets lately. Despite the deepening debt crisis in Europe and the threat of a slowdown in emerging economies, led by China, the bulls have been gaining ground in the stock markets. Since November 21, 2011, the S&P 500 index (consisting of 500 large American companies) has …

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