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...“It’s a huge product in North America . . . whereas in the UK it’s almost unknown”, Mr Dailey said....
...Mr Greenberg pitched the Chubb proposal as superior to Pria, the congressional proposal....
...Mr Dailey says Mr Khosla “lacks a traditional banking background and the in-depth experience of the UK lending market normally associated with bank CEOs”....
...who has taken bearish positions in US and emerging market equities and the Australian dollar since Mr Bernanke’s speech....
...“There is a potentially explosive situation developing,” says James Dailey, a portfolio manager at Team Financial Managers....
...“The Fed has put its credibility on the line,” says James Dailey, chief investment officer at Team Financial Managers....
...James Dailey, chief investment officer at Team Financial Managers, says: “Just like any mountain, when you get to the top, there’s a long way down the other side.”...
...“With cheques starting to arrive around now for those who filed early returns, this could provide a timely boost for the market,” said Mr Frederick....
...Mr Biggs at Traxis says: “People are still licking their wounds. There’s a tremendous buying power and liquidity on the sidelines, but people are waiting for less volatile markets.”...
...But Mr Dailey said it was too early to talk about a bubble in the technology sector. “There has been a bubble in the use of the word bubble,” he said....
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