Money managers losing faith in global economy.(Short Interests)
Investment News, August, 2006
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Byline: Darla Mercado Fund managers are losing faith in the global economy. Nearly three-quarters of 213 global fund managers surveyed last month by New York-based Merrill Lynch & Co. Inc. and Taylor Nelson Sofres PLC, a market research company in London, said they expect the economy to become weaker over the next year, up from 61% when the same question was asked in June and from 40% in April.
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Rising oil prices and violence in the Middle East may be the culprits behind the increasingly negative attitudes, Matthew J. Kelley, a certified financial planner and ...
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