Marketplace Index for Monday, January 9, 2012
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In the face of the Euro-crisis, so many investors are desperate for a safe place to park money, they're paying the German government to hold onto their cash. This so-called “negative yield” on some short-term debt is like getting a safe deposit box over at the bank: you pay the bank for the privilege, interest-free, no matter how many bundles of cash you stick in there. We talked with Camilla Sutton, the Chief Currency Strategist at Scotia Capital in Toronto, about Europe’s long-term future. The Daily Pulse is up today on news that the Mei Moses Fine Art Index beat the S&P 500 six of the last 10 years, returning an average of 7.8 percent compared to the S&P’s paltry 2.7 percent.