18th August 2011
Another nothing day on the markets. investors worldwide are sitting on the sidelines while the fiasco of european sovereign debt, UK inflation and unemployment issues and in the global giant that is the United States still nursing the hangover of the humilation of a ratings downgrade compounded by debt ceiling internal bickering.
The positon is at the moment all serious money is getting out of risky assets and putting them in safehavens whether they be yielding next to nothing. Swiss France has been inflated beyonf belief as investors rush to what they perceive as safe assets.
This financial stand off continiues but when it kicks off dive for cover as anything in its path will be obliterated.
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