The Currency war is on

I always like to be bullish on things but you cannot avoid he ground realities and say bullish. The Europe’s politicians euro_2453852bjoin a chorus of policy-makers across the globe pushing for devaluations to fight for market share we can expect currency conflicts.

The telegraph reported –  Jean-Claude Juncker, EuroGroup chief, has signaled that Europe is no longer willing to be the last economic player holding the toxic parcel of an over-valued exchange rate, describing the euro as “dangerously high” after its three-month surge against the dollar, yuan and yen. Continue reading “The Currency war is on”

Basel Becomes Babel

A very good analysis done on the various Basel agreements at Bloomberg here are some highlights from it.traders

The first Basel agreement on global banking regulation, adopted in 1988, was 30 pages long and relied on simple arithmetic. The latest update, known as Basel III, runs to 509 pages and includes 78 calculus equations.

The complexity is emblematic of what happened over the past four years Continue reading “Basel Becomes Babel”