Over the past few weeks, there has been a notable deterioration in the correlation between the price action of the Japanese yen and traditional risk-related assets like equities.
They might not be the richest people in the world, but these billionaires have tremendous sway over the world’s markets, workers — and, in some cases, armies.
While the dollar exhibited incredible volatility this past week; for the most part, the increase in price action would not come with any defined direction from the world’s most liquid currency. Instead, the majors would further carve prominent wedge formations that will ultimately demand breakouts and a decision for direction some time soon – and that resolution may come this week.
Who’s next?
With consumers shutting their wallets and corporate revenues plunging, the business landscape may start to resemble a graveyard in 2009. Household names like Circuit City and Linens ‘n Things have already perished. And chances are, those bankruptcies were just an early warning sign of a much broader epidemic.
In the midst of a market meltdown and economic crisis, many Americans’ 401(k) retirement plans are looking a bit bedraggled. But some tender loving care from plan participants, employers and policy makers can help spruce up these accounts.
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