Archive - Feb 9, 2013 - Blog entry
When Your Entire System is Backed Only By Credibility, Corruption Scandals Can Bring the Whole System Down
Submitted by Phoenix Capital Research on 02/09/2013 13:21 -0500
Corruption only works as long as the benefits of being “on the take” outweigh the consequences of getting caught. As soon as the consequences become real (namely someone gets in major trouble), then everyone starts to talk. This process has now begun in Spain.
French Socialist Nightmare: 'The State Cannot Do Everything'
Submitted by testosteronepit on 02/09/2013 12:37 -0500The fight over plant closures, layoffs, and bailouts in the collapsing auto sector
No Love for the Coffee Market?
Submitted by EconMatters on 02/09/2013 10:19 -0500Coffee is just that kind of market great for traders and well worth putting on your trading radar screens.
Currency Positioning and Technical Outlook: Correction or Reversal?
Submitted by Marc To Market on 02/09/2013 09:07 -0500Here is a review of the technical condition of the major currencies. In my professional experience, I know few purist fundamental traders in the foreign exchange market. Even for those, like myself, who study the macro economic and political fundamentals, technical analysis allows us to quantify the risk. Those who make money in the markets, do not do so because they are right more often, but rather they are disciplined risk managers. Technical analysis provides a way to manage the risk by helping to identify where we are wrong. It is offered here not as a substitute for fundamental analysis, but as a complement.
