A Cockeyed World
During the worst economic news at the beginning of the year, the world stock markets recovered, showing an unbroken optimism, and now, with the first fundamental proof that the world’s economy is out of recession, they falter. That puzzled many observers, reaching for that or another explanation. But you do not have to look far to find a reason for that: First, it is summer time, low volume and lots of prudent profit-taking before Thanksgiving Day. Second, any sign of a recovering economy will
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