November 29
Posted by Red As Technical analysis, news
To perhaps only one episode: the currency markets - these days it is repeated over and over again - exalt movements when trade is restricted. A long bridge in the United States and Japan, along with some technical issue, has brought the euro to almost $ 1.32 a share, the highest since April 2005.
© Why this increase? Now, as always in these cases, multiply the attempts of explanation, analysts and economists feel that their duty à ¨. You know, pear ², à ¨ capricious that the currency, no system of estimates of 'currency movements leads to better results of tossing a coin, and that the same investors - mostly financial - are following fashions: the trade deficits Once again, the interest rates another, the economic growth of the single currency areas still another.
The plain truth that economics à ¨ à ¨ impotent. Firstly, because the evolution of currencies © à ¨ decisions dictated by thousands of "micro" individual, partly commercial, partly financial, that the aggregate "macro" will never grasp. © secondly because in no other place as the currency has the role of politics in an age of fiat money, money without a real hook is not only a precious metal - as in the past with the gold - but also to actual level of cost saving of 'economy, with an offer of money that knoppix is then determined only partly by the market as a whole, each landmark is lost.
Durer, then, the rise? When asked pià ¹ still difficult. © Just because now, not at random, will resume the game of politics, which has nothing to do with the play of the market: France and Germany, if the euro remains above $ 1.30 share, starting to protest, and before perhaps also the European Central Bank, using its code, take a stand against the movement "abrupt and disorderly" currency.
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