05 Nov, 2008
Posted by: Milton In: Macro
I was pleased to see that America elected Barak Obama to be their next president (and in such emphatic style), however I was surprised that the FOREX markets have barely reacted.
I can’t help wondering that perhaps the markets already had factored in his election.
Thinking very long term I’m guessing that his world citizen approach should [...]
30 Sep, 2008
Posted by: Milton In: Macro
Interesting that the $700 billion bailout package didn’t workout in the US (at least not yet). Sucks to be a banker knowing that they aren’t going to come and make your stupid purchases magically disappear.
Assuming the deal doesn’t pass on a second or third try, I think it will be for the long term benefit, [...]