| Abigail’s biography |
As I write, gold is flirting with $1,000 an ounce, the US dollar does a daily dance lower, the Federal Reserve is propping up a Bear Stearns – worth just $270 million according to JPMorgan Chase; OK make that $1.2 billion – and everyone I speak to is pessimistic.
This is a contrarian indicator, so I’m starting to feel a little perkier. But I don’t think any of us involved in finance will forget the first quarter of 2008 in much the same way as we haven’t forgotten August 1998 (when Russia defaulted and the hedge fund LTCM floundered).
Thanks for your interest in Euromoney!
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