Tuesday, September 6, 2011

What the blogs are writing

Nouriel Roubini, economist, famous for predicting the 2008 crash writes an article titled 'Is Capitalism Doomed?'. He says that the massive volatility and sharp equity-price correction now hitting global financial markets signal that most advanced economies are on the brink of a double-dip recession.

CEO Joseph Ackermann of Deutsche Bank said that Europe's sovereign debt crisis will stunt bank profits for years and could kill off the weakest. This spooked the DAX which fell almos 4% on Monday.

JP Morgan says: Stock mutual funds are having their worst year since 1998 relative to their benchmarks, as higher volatility makes it harder to pick stocks.  Among 2,806 funds tracked by the brokerage, 47 percent underperformed their benchmarks by more than 2.5 percentage points this year, the most since the 55 percent recorded in 1998.  

1 comment:

Sasi Uppuluri said...

What's the take away sir :-) Double dip??