The financial markets generate a lot of number on a per second basis. There are people who have made it a profession to convert this information into trends, buy-sell signals, charts and pivot tables. Over the last 18 years of financial journalism, I have realised that every number has a story to tell. And these numbers as a trend normally never lie. I am forever looking for these trends.
Federal Reserve Chairman Ben Bernanke used the term green shoots for the first time in an interview to CBS News’ 60 Minutes, and thus unleashed one of the most repeated jargons of the recession. It refers to early signs of life in barren economies.
Bank on ‘em
The global crisis began with the banks. Now, how are they doing? Some encouraging news there. Goldman Sachs and JPMorgan Chase have both reported profits. The US Treasury Bill-Eurodollar yield differential (TED), which measures risk inside the banking system, has come back to its long-term average. In plain English, it means banking players have become less risk-averse and more hopeful.
(This article is excerpted from the latest Forbes India 19 June, 2009 issue which is now available at news stands and book stores. You can buy our tablet version from Magzter.com)