"The stock market rallied for the last two days on a Financial Times rumor
that China would buy “significant” quantities of bonds and stakes in strategic
companies from Italy.
There was not much truth to those rumors, and I never thought there was in the first place. Certainly the bond market never believed believed the rumors judging from yields on Italian bonds.
Please consider Stocks Decline as China Signals Reluctance on Europe Bailout
There was not much truth to those rumors, and I never thought there was in the first place. Certainly the bond market never believed believed the rumors judging from yields on Italian bonds.
Please consider Stocks Decline as China Signals Reluctance on Europe Bailout
Japanese stocks dropped after Premier Wen Jiabao said debt-laden economies “must first put their own houses in order,” damping speculation China would rescue Europe from an escalating crisis that has sent global financial markets plunging..."at http://globaleconomicanalysis.blogspot.com/2011/09/china-premier-wen-jiabao-dampens.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
