Saturday, March 10, 2012

Armageddon deferred

Let's face it, they don't make disaster movies like they used to: "What we are seeing now is that investors are shifting their focus to the next stage", says Valentijn van Nieuwenhuijzen, head of fixed income strategy at ING Investment Management.

No winners, says WSJ - only lessons. And there are already more losers arising from its far-reaching ramifications, says the paper, hedging its bets. But, it ain't over yet. Bound and gagged, and stuffed in the boot of the colleagues' car – the fat lady is still very much there.