Banks, brokerages and insurance companies tracked by the S&P 500 Financials Index needed 12 years to make the round trip, which required a sixfold increase starting on March 6, 2009. They’re the last industry in the S&P 500 to erase their 2008-era decline.
“What a long, strange trip it’s been,” said Kim Forrest, chief investment officer at Bokeh Capital Management in Pittsburgh. “The existing banks — because there’s a whole lot less banks than there were in 2007 — have survived and changed in meaningful ways, that’s what this reflects. They’ve shoehorned themselves into this low new interest rate environment.”
The crisis hasn't ended in the US! QE simply numbed the pain without really dealing with the cause hence they and the world by extension are on the verge of a massive one. Unlike in 2008/2009 this time SA will be hugely affected!!!
is this DM trying to make an excuse for Cyril. pathetic!
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
GEPF investment portfolio delivers a positive 2.6% growth despite weak SA economySPONSORED | Despite the prevailing economic headwinds, GEPF_SA annual return exceeded its benchmark return of 2.3%. Read more.
Fuente: BDliveSA - 🏆 12. / 63 Leer más »
Cash-flush Nestlé’s CEO will look to niche market until the next big acquisitionSwiss company offloads its US ice cream business, but the question is: what will it buy? Nestle says slavery reporting requirements could cost customers
Fuente: BDliveSA - 🏆 12. / 63 Leer más »