Weekly Comment
Bond Outlook [by bridport & cie, July 23rd 2008]
While the flow of bad economic news continues unabated, this last week has given some respite, probably only brief, but welcome. Oil and most other commodities have fallen from their peaks, giving hope (but only hope, not certainty) that the commodities bubble has now begun deflating. Stock markets have risen from their lows thanks to the restrictions on short-selling and a sense of relief over the GSEs. |
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