Currency market clearly has changed for the better, perhaps, for the first time since September 11, 2001. Focus on the market again, macroeconomic data and technical calculation, rather than fears of terrorist attacks and military reports. Nervousness disappeared, increased volatility and low liquidity. I woke up a healthy investor appetite for assets with higher risk, during the "safe heaven" exhausted. Investors withdrew assets-haven - gold, Swiss franc and government obligations. The global sale of bonds severely undermined rate EUR. During a recent 12-month Eurodollar trend was the increased interest in the EUR-denominated assets in general, and Eurobonds, in particular. Japanese investors in particular have invested heavily in European bonds. Now, as a result of clarifying their positions on the European assets, they are "down" EUR-JPY

We often hear people complain about the logic of the economic system in which we live. Who has ever been shocked to learn that such a local company was closing, a victim of competition from distant lands, or sector losing momentum?

If we are guilty of is generally capitalism or globalization, which are expected to appear soon. It is then guilty of very convenient: they can not defend themselves, they are unanimously against them and they are abstract. However, downside, we can not punish them or make them pay. (more...)