Your English writing platform
Discover LudwigExact(3)
The risk-on, risk-off mantra may help explain some other anomalies, said Eswar Prasad, an economics professor at Cornell University and co-author of the book "Emerging Markets: Resilience and Growth Amid Global Turmoil".
If, as still seems likely, the biggest among them slow but do not slump, then some sort of floor will be put under commodity prices and robust consumers in the emerging world will prop up exports from fragile debt-laden rich countries.But the emerging markets' resilience cannot be taken for granted.
But the markets resilience was evident toward the end of the session, when even broad-market yardsticks made a plucky but ultimately unsuccessful leap toward the plus column.
Similar(54)
How can we create more market resilience for creativity?
"Critics have also wrongly associated trading volume with efficiency-enhancing liquidity and failed to sufficiently take into account market resilience and trust that are undermined in a world where very short-term trading dominates the financial system," the executives wrote.
The stock market's resilience suggests that traders consider the Cyprus situation to be contained for now, said Quincy Krosby, a market strategist for Prudential.
The market's resilience will be tested next week when a number of banks report results.
All things considered, however, the market showed resilience in the string of auctions in and around Scottsdale, Ariz., this month.
The United States job market showed resilience in three reports released on Thursday, suggesting it may withstand a continuing federal budget battle that threatens more economic uncertainty in coming months.
In contrast, ICF estimates that the market for financial trading that Enron pioneered has collapsed to a third of its pre-bankruptcy level.Deregulation worksThe physical market's resilience points to the biggest explanation for the lack of a crisis: energy deregulation.
Others look at the market's resilience to such dour headlines, including Alan Greenspan's unwelcome recession warning, and say, Fasten your seatbelts, we're heading for the moon!.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com