The global slowdown is hinting at a ‘major re-alignment of the markets’ — and it won’t be pretty
April 25th, 2013
Different markets sending different signals.
That’s the gist of BofA Merrill Lynch rates guru David Woo’s latest report – titled “The impossible trinity: A tale of three cities” – which begins like this (emphasis added):
The commodity market is saying global growth is slowing. The US equity market is saying US consumers are still going strong. The FX and European sovereign markets seem to ...
