Higher oil prices have been the most immediate impact on financial markets from the shock waves coming from the Japanese earthquake, Bahrain state of emergency and UN attack on Libya. Gold and silver prices have also bounced back quickly after an initial sell off.
This week we will find out what else is to come, although who knows who is holed below the waterline.
After the much discussed Kobe earthquake of 1995 it took some months for Nick Leeson’s scandal to emerge which collapsed the venerable of Barings Bank. Losses after the Kobe earthquake turned his trading position from serious to fatal for the bank.
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