Goldilocks' Bad-Hair Day

Roche, David
October 2005
Forbes Asia;10/3/2005, Vol. 1 Issue 3, p52
The article provides an insight into the state of the financial markets as of October 3, 2005. Equity markets have been rising with the return of the Goldflocks scenario of good economic growth without inflation. The world is in a state of financial excess caused by underpriced capital coupled with irrational thought. Capital is underpriced globally because the U.S. government's easy money has been transmitted to the world through the dollar's role as a reserve currency.


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