View full page at forexfactory.com

 

Good Luck Finding a Place to Hide as Global Markets Crumble

From bloomberg.com

Investors tend to respond to impending doom by selling risky stuff and hiding out in safer assets -- namely, bonds in places such as Germany and the U.S. There’s a problem with that formula this time around: Traders aren’t so sure they can find anything that’s truly safe right now. So, instead of piling into sovereign debt of developed nations, traders are pulling their money out of those places as the Greek economy teeters on the brink of collapse, Puerto Rico talks about delaying some debt payments and China’s stock market suffers its biggest selloff since 1992. Investors yanked $2.9 billion from European ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News