Mid-year update - what's in store for the rest of 2012?

Russ Koesterich | iShares | 07 July 2012

"A specter is haunting Europe." - Karl Marx

Karl Marx was referring to communism, not the dissolution of the European Union, but the language could apply in the current environment. At the start of 2012, we suggested that this was likely to be another year in which financial market fortunes would be largely driven by the effectiveness, or lack thereof, of policy makers.

The jury is still out as to whether the European Union can summon the necessa...