Our sanguine view last week of the economic impact of the Japan tragedy has already become the general market perception. The swing back from “flight to quality” to “search for yield” has happened more quickly than we could imagine, and even while the consequences of the nuclear plant accident are still unclear. |
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Likewise Libya, which dominated the news for three days after the UN vote, no longer garners front page headlines. The Arab Awakening is, however, far from over. |
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