How good are fund managers?
Dow hit by 380 pts fall The SubPrime Loan crisis is not going to go away. American and European Banks are pumping in a few hundred billion US$ to try to stave off the problem. Some American and probably European funds are hit bad. Investors who have put faith in the professional expertise of these fund managers are heading for a rude shock. Could this be the American equivalent of the Asian financial crisis? Let's hope that these great talents and fund managers are able to clean up the mess they have created. It is unbelieveable that they could create such a big bubble for themselves and they are teaching the world how to manage their economies.