As the Asian markets look on in disbelief, since the global economy is in part touched by Wall Street, the US government tries to bail out investors by insuring the uninsurable.
Yes, you heard it. Treasury Secretary Hank Paulson is rushing out a plan to insure money market funds.
“Huh? [...]
It’s interesting that the last couple of months, Asian currencies have been stronger against the dollar and the euro due to confidence of asian stock trades. But truthfully, did anyone really think otherwise?
While Japan’s economics has been in the dumps for a while now, and the Shanghai index has been on a [...]