Bond Outlook [by bridport & cie, April 1st 2009]
Everyone says “no protectionism” … and then protects. Everyone says “we must have a united approach” … and then they divide into two groups, one in favour of still more stimuli, the other saying “enough is enough”. Very silly threats have been made by Sarkozy that he will walk out if he does not get his way on greater regulation of hedge funds, derivative trading and bank bonus control. |
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