The US equity market outperformed every major equity market globally in 2011. It is also the only major market with a positive return for the year. Below are the total returns shown in local currency.
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| Total Returns for 2011 |
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Collateral crunch-counting gets sophisticated
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The sum and substance, in a couple of slides:
HQC stands for “High Quality Collateral”, and FTQ is “Flight to Quality”.
Click to enlarge.
The charts ar...
