A rise in inflation could be the one thing that would force central banks to start tightening
The company might have failed as a fund manager to protect its investors from expected risks of heavily investing in coal.
Both sides of the Atlantic are worrying asset markets. The US is struggling to meet the exacting fiscal deficit levels that automatically come into play in 2013 through tax hikes and spending cuts, while Europe is still struggling to give Greece its next tranche of bailout.
After yesterday's ECB's meeting which did not talk of any further LTRO, Geoff Lewis, ED, JPMorgan Asset Management says, the central bank is more dovish in its strategy now but it doesn't want to continue underrating markets.