Story Time for the World Economy
Since hitting bottom in early March, the world’s major stock markets have all risen dramatically. But the only way a revival of world confidence can be sustained is if our thinking coordinates around some inspiring story beyond that of the price increases themselves.
NEW HAVEN - Since hitting bottom in early March, the world’s major stock markets have all risen dramatically. Some, notably in China and Brazil, reached lows last fall and again in March, before rebounding sharply, with Brazil’s Bovespa up 75% in May compared to late October 2008, and the Shanghai Composite up 54% in roughly the same period. But the stock market news just about everywhere has been very good since March.
NEW HAVEN - Since hitting bottom in early March, the world’s major stock markets have all risen dramatically. Some, notably in China and Brazil, reached lows last fall and again in March, before rebounding sharply, with Brazil’s Bovespa up 75% in May compared to late October 2008, and the Shanghai Composite up 54% in roughly the same period. But the stock market news just about everywhere has been very good since March.