Irrational Fear
Commentary
Coordinated world-wide action by political and financial leaders to shore up banks against a global tide of fear and panic means that policy solutions are finally catching up to financial and economic developments.
Perspective - Third Quarter, 2008
► Global economic recession underway
► Central banks doing the right things
► Banking system has been saved
► Oil and commodity prices correcting
► Inflation threats have evaporated
► Stock markets building a bottom; this process will take time
► Back to basics for long-term investors
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