DSC_1553, originally uploaded by youheng1.
attended a finance seminar today on the effects of trading in emerging markets vs mature ones.
i was suprised at the depth of economic thought:
(in response to a question about the rise in american long term bonds)
bonds have not been doing well, given the high growth of the economy as the investors want increased cash liquidity and cash on demand...
given hurricane katrine and the destruction of iraqi oil fields :
rising oil prices -> trading in commodities -> slow down of medium to large sized businesses -> decrease in GDP and per annual growth -> predicted rise in bond prices -> increased american bond volatility -> decreased Korean bond volatility...
and it continues to this long chain of even more obscurely related economic effects...
i stand amazed.
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