They are as secure as T-bills, are likely to hold their value in a panic, and might even go up if there is a widespread flight to safety.
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They tried to - in a panic - get things back on track with only six months to go in office.
All the furor (if not panic) the signals generated back then, does go to show that what everyone knows is really not worth knowing.
On such a day filled with panic, it was reasonable to assume that gold would go up, instead gold plunged.
If such panic occurs, there is room for the price of gold and silver to go even lower.
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First of all, do you think what we've just heard, in fact that Dr Bruntland does go too far in her warnings and in fact that adds, possibly, to the sense of panic?
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Michael Schumacher insists, however, that his team will not panic as they seek to get back on terms with Williams with six races to go.
Even without Panic, Ribapharm may have problems once it breaks off from ICN and tries to go it alone in the rough waters of the biotech market.
This means forward supply partners (from distribution through to end customers) likely went into a panic ordering mode today to increase inventory and put in safety stocks in case some parts go on allocation.
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In fact, while spreads have narrowed significantly from the panic levels reached at the height of the financial crisis, they still have a ways to go before reaching what I would consider to be fully valued (about 350 basis points over treasury yields or LIBOR, respectively).
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