Newsletter:

The events of the last three weeks, starting with the fall of Bear Sterns, one of America’s largest banks on March 14th will probably be written about, commented on and analysed for many years to come.

Did the board of the Federal Reserve Bank make the right decision in approving $30 billion of tax payer’s money to help with JP Morgan’s purchase of Bear Stearns?

Or should the bank, which got into trouble in the sub-prime loans debacle, have been allowed to collapse, possibly triggering a 20% fall in global stock markets and increasing the fear and liquidity crisis in the credit markets? History will be the best judge.

Barry Shamley writes in his April update that the predicted slowdown in the US and Euro Zone will affect everybody. 'Much of what China makes is exported to the west and most of these raw materials are sourced from countries like South Africa who rely heavily on these exports for economic growth. The bottom line is that a slowdown in the US and Euro Zone leaves no one untouched,' he says.

To read more, click on the following link:

http://equinox.co.za/default.asp?marketview

Best Regards
The Equinox Team