Dump and Run
http://www.msnbc.msn.com/id/13121960/site/newsweek/
The easy money is gone. Goldilocks has vanished. And the result, a
frenzied sell-off in global markets, may be the harbinger of something
worse to come.
By Karen Lowry Miller
Newsweek International
June 12, 2006 issue - The United States had enjoyed a Goldilocks
economy: not too hot, and not too cold, but just right. Growing, but
not so fast as to spark inflation. Then the May mayhem ended that fairy
tale. Emerging markets tanked, commodities plummeted and stocks in the
United States and Europe gyrated on fear that central bankers may have
to continue to raise interest rates to fight inflation. If rates go too
high, the economy could cool off fast. "Goldilocks has gone missing,"
says London market strategist Pelham Smithers.
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