If your retirement account is in good shape this year, you are ahead of Wall Street’s finest. One of the world’s largest hedge funds has nearly been cut in half. John Paulson made billions with a huge bet on the housing bubble. His success attracted a flood of capital. At the peak, Paulson’s funds managed […]
Bulls Dismiss Slump Warnings
Hopes are mounting among financiers that the recent rally in emerging market assets is setting the scene for a bull market in 2010, despite warnings from senior economists of a long and deep global recession. Mark Mobius, executive chairman at Franklin Templeton Investment, told Emerging Markets yesterday the rally was “ sustainable in the long […]