The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt
Tuesday, March 22, 2005
Phisix Sell-Off Is A Class Action
Finding a correlation for the declining Phisix? Here it is....The Phisix has moved in tandem with the JP Morgan Emerging Market Debts.
The sell-off in the emerging bonds has filtered into domestic equities with tightening global liquidity conditions as the pronounced catalyst.
No comments:
Post a Comment