It is an aggressive sell-off that has left traders and policy makers mystified, and spawned a number of theories.
The announcement, in late October, that the Internal Revenue Service had seized some of BIB's American assets over a $26m tax bill has done little to restore their appetite.In this section Calculating the consequences In the shadow of Saddam Credit where it's due Robo-traders No policy is the best policy Take it or break it Trading insults Safer than mattresses?
Besides, they add, an empty protection fund could further erode confidence.In this section Calculating the consequences In the shadow of Saddam Credit where it's due Robo-traders No policy is the best policy Take it or break it Trading insults Safer than mattresses?
Inflation is now 144%, and it is predicted to top 500% next year.In this section Calculating the consequences In the shadow of Saddam Credit where it's due Robo-traders No policy is the best policy Take it or break it Trading insults Safer than mattresses?
Part of the problem is that Crédit Agricole's decentralised, mutual structure makes it difficult for its "barons" in the countryside to agree on anything quickly.In this section Calculating the consequences In the shadow of Saddam Credit where it's due Robo-traders No policy is the best policy Take it or break it Trading insults Safer than mattresses?
Duties on poor countries' manufactured goods are quite high, in an effort to protect their domestic industry.In this section Calculating the consequences In the shadow of Saddam Credit where it's due Robo-traders No policy is the best policy Take it or break it Trading insults Safer than mattresses?
They also factored in the role of market psychology, recalling the experience of the 1970s when oil shocks were accompanied by hoarding and panicky behaviour.In this section Calculating the consequences In the shadow of Saddam Credit where it's due Robo-traders No policy is the best policy Take it or break it Trading insults Safer than mattresses?
Cockier gangs even make off with automated teller machines (ATMs .In this section Calculating the consequences In the shadow of Saddam Credit where it's due Robo-traders No policy is the best policy Take it or break it Trading insults Safer than mattresses?
If a bank fails, its depositors would get back everything up to 20,000 roubles ($630) and 75% up to 120,000 roubles not a lot, but enough to give poorer savers some peace of mind.In this section Calculating the consequences In the shadow of Saddam Credit where it's due Robo-traders No policy is the best policy Take it or break it Trading insults Safer than mattresses?
The fact that non fundamental factors can be such powerful movers of markets is not a reason to let traders dictate monetary policy; it's a reason to consider the views of traders when interpreting prices and formulating policy.
