March 23 (Bloomberg) — European Central Bank President Jean-Claude Trichet’s campaign for governments to learn the lessons of the Greek fiscal crisis may provoke a transatlantic policy split that forces the euro back toward its lows of 2006.
Investors in frontier markets took flight in the financial crisis as they headed away from risky assets, seeking safer havens. But interest is reviving in these small, exotic and often illiquid markets as risk appetite picks up.
The bond market is saying that it’s safer to lend to Warren Buffett than Barack Obama.
China is in the midst of “the greatest bubble in history,” said James Rickards, former general counsel of hedge fund Long-Term Capital Management LP.