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The global financial crisis is over: Nomura

From cnbc.com

The global financial crisis will not dominate stock markets next year, according to Japanese investment bank Nomura - because it has come to an end. In a note entitled "You've got to earn, baby, earn" published Tuesday, the bank's equity research team led by Michael Kurtz said that as a result, it had shifted its global equity strategy approach for 2014. "There wasn't any memo, but FYI the Global Financial Crisis is over," Kurtz wrote. As evidence for this, he identified a string of improving economic indicators including the strengthening of the U.S.' property market, a reduction in the U.S.-China current ... (full story)

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