We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Heads-I-win, again

24 March 2009 By Hugo Dixon

The US thinks pumping liquidity into toxic assets will remove the illiquidity discount depressing valuations. It will certainly drive up market prices but only by giving investors headsIwin tailsyoulose bets financed by taxpayers. Don t confuse that with fundamental value.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)