Results 1 to 1 of 1
Thread Information
Users Browsing this Thread
There are currently 1 users browsing this thread. (0 members and 1 guests)
Threaded View
-
04-08-2011, 08:22 AM #1
- Join Date
- May 2007
- Location
- South West Florida (Behind friendly lines but still in Occupied Territory)
- Posts
- 117,696
Mellon Strategist Derrick: 2011 Crisis Worse Than 2008
BNY Mellon Strategist Derrick: 2011 Crisis Could be Worse Than 2008
Thursday, 07 Apr 2011 08:47 AM
By Dan Weil
Many economists say the global financial system is now reasonably safe after suffering its worst crisis in more than 70 years during 2008-09. But Simon Derrick, chief currency strategist at Bank of New York Mellon, isn’t so sure.
He sees some parallels between financial developments now and three years ago before Lehman Brothers imploded. But in some ways, the magnitude of the current problems are greater, he writes in a research note obtained by CNBC.
So what are the similarities? “The front-month Nymex (New York Mercantile Exchange) crude future is trading at almost exactly the same level that it was in early April 2008,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
Migrant children in Massachusetts lived among sex predators as...
05-19-2024, 11:33 AM in illegal immigration News Stories & Reports