Outlook – Deutsche`s Ackermann says `not out of woods` as defaults rise, Faber: The markets may be moving backwards while giving the appearance of moving forwards, Pimco`s Bill Gross: Greed will come back
Deutsche`s Ackermann says `not out of woods` as defaults rise
From Bloomberg.com: Deutsche Bank AG Chief Executive Officer Josef Ackermann said the financial industry faces a new wave of losses because of rising insolvencies and loan defaults.
“We are not out of the woods yet,” Ackermann, who compared the financial crisis to an earthquake with ever- changing epicenters, said today at the Transatlantic Forum...
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Damien Hatfield, of Triple A Partners Australia, did a road-show with Bill Marr, who runs a CTA (Ramius Trading Systems (RTS)) a few weeks back in both Australian and New Zealand, and found that there w