Feb. 15 (Bloomberg) — China’s economy, the world’s third biggest, may expand at a faster pace in 2010 even as officials cool lending to restrain inflation and avert asset bubbles.
Without help, the euro will eventually be brought down by its weakest members, says Jeremy Warner.
Investors battered by market upheaval, including a 6% stock slide in recent weeks, have a new mantra for their portfolios: preserve, protect and defend. But they should be prepared to pay up. Why not try a merger arb strategy
At least two well known activist firms have a position in FGF. Bulldog Investors (run by Phil Goldstein and Andrew Dakos) owns 14.22% of the shares as of their Feb. 1 filing. They have been steadily adding to their FGF holdings almost every day. Karpus Investors owns 6.50% of the shares.
“In remarks that are guaranteed to send some investors into a frenzy (and splatter egg over O’Neill if no action from Beijing follows) he reckons China is about to let its currency strengthen as much as 5 per cent in a one-off revaluation to slow growth.”
Loan delinquencies on US commercial mortgage backed securities posted a record 52bps increase to 5.42 per cent in January, according to Moody’s. In December, the rate was 4.5 per cent.