Wednesday, December 23, 2009

Double-Dip Is Most Underestimated Risk, Barclays Survey Shows

(Bloomberg) -- A “double-dip” recession is the most “underpriced” risk in financial markets and the dollar would benefit from a renewed bout of market turbulence, according to a Barclays Plc survey. More than 25 percent of the 724 customers surveyed said another downturn in the global economy is the most underestimated risk, the London-based bank said in a statement today. About 21 percent of the participants, including hedge funds, money managers, and central banks, ranked weak-than- expected Chinese growth as the second-biggest risk.About 39 percent of those who responded said the dollar will remain the best refuge in the currency markets in periods of turmoil, followed by the Swiss franc and the yen.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a3QHL8m2oePo

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