July 27, 2007
ON WINGS OF EAGLE:
Strong U.S. economy helps slow drop in world markets (Reuters, The Associated Press, July 27, 2007)
Global financial markets endured a rollercoaster ride Friday as investors struggled to balance robust corporate earnings and signs of strong economic growth against fears of a global credit crunch.Posted by Orrin Judd at July 27, 2007 12:58 PMData showing the U.S. economy grew at a faster-than-expected pace in the second quarter pulled stocks up from deep losses earlier. Bonds pared gains and the dollar rose against the yen.
Comments
It's getting harder and harder for financial reporting to obfuscate the obvious. Poor babies, they just can't face up to the fact that what the the rest of the world does doesn't count.
Posted by: erp at July 28, 2007 9:09 AM
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