Stimulus programmes are working, for now
Stimulus programmes in China, Japan and the US have helped the world navigate out of financial ruin. But how to stop spending?
November 17, 2009
It's a case of reverse schadenfreude as distressed managers feel cheated by the financial market recovery and the liquidity boom sours their well. While most hedge funds and asset management firms are quietly or massively bullish, the distressed-investing community is crying out for a prolongation of distressed-asset opportunities, to allow them to put newly raised funds to work.
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