Detail A walk down Wall Street   Oleh:  The Economist Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 382 no. 8518 (Mar. 2007), page 9. Topik: Stockmarket; Wall Street; Investors Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.50 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel THE beating of a butterfly's wing? No: it was more than that. A snort from a dragon's nostrils? That is more like it. A fall of 8.8% in China's main stockmarket index on February 27th rumbled around the world, clobbering share prices just about everywhere. And when American traders looked at the news about their own economy—companies' weak orders for durable goods, worries about “subprime” mortgages, and Alan Greenspan, no less, musing about the possibility of recession—they took fright. On the worst day for American shares since March 2003, sell orders were so heavy that at one point the New York Stock Exchange could not process them all. Although the stockmarkets commanded the headlines, more telling evidence of the jitters lay in the many other places in which people buy and sell ever more arcane flavours of risk (see article). Lately, investors have been blithely content to chase yield wherever it might be found, not least in the private-equity market (see article). This week they were reminded that this can be a dangerous game. Up, sharply, went the standard measure of stockmarket volatility, itself a tradable item. Up too went credit spreads on corporate bonds, especially the more daring stuff, as well as emerging-market debt and the price of insuring against default. And up went the yen, pushed lower these past few weeks by “carry traders” borrowing cheaply in Japan and lending for more elsewhere. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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