According to UBS, the first Investor Watch shows individual investors' optimism returning, their
flight to cash receding and their intentions to reinvest in financial markets and spend on experiences.
"It could be bullish if the ECB starts money-printing, but it could be bearish if there is another
flight to cash," he said.
Government and bank debt issuance; interest rate and exchange rate volatility; and a fading of the '
flight to cash' by retail investors set up a healthy picture for 2010 investment bank revenues.'
Indeed, Ukraine has to pay a huge price for being highly dollarized economy as
flight to cash FX in domestic savings still hurts BoP more than actual flight of foreign capital.
''What is happening in the financial markets is capital
flight to cash,'' said Toru Umemoto, chief foreign exchange strategist at Barclays Bank, referring to the selling of a variety of investment instruments to secure cash.
If this season is Thommo's last tour of duty, he doesn't want it to be ruined because the club left all of their energy behind in a succession of airport lounges waiting for the next
flight to cash in on their name.
