Well after breathing a sigh of relief that the United States was able to get over their political speed bumps and approve a higher borrowing ceiling to allow them to keep paying their interest bills, the attention is once again focused on the sovereign debt issues in Europe and in particular, Greece.
Something about this scenario should concern everyone, as these issues are not going away. It appears we are all on the merry-go-round of mismanagement.
Here are some web sites that have some good articles and updates on the latest issues. It makes good and interesting reading…
http://business.financialpost.com/tag/eu-debt-crisis/
“China to the rescue? Mission impossible,” said Jun Ma, Deutsche Bank’s chief economist for China, based in Hong Kong.
http://www.guardian.co.uk/business/2011/sep/15/imf-chief-warns-political-dysfunction
International Monetary Fund chief Christine Lagarde has warned that a "vicious circle is gaining momentum" in Europe and the US that could wreck attempts at a recovery and undermine rescue operations for Greece and other indebted EU countries. She said "political dysfunction" was feeding policy indecision in a "dangerous new phase of the crisis" that could make a delicate situation harder to resolve.
As I have said before when everyone was expecting the USA to move nicely into a recovery, the underlying problems and issues are not being addressed properly.
When a country borrows more than they can produce there will always be a shortfall, its simple math really.
So as the world gets used to the idea that Europe and the USA will have these problems for quite some time to come, I’d expect the slow recovery or even recessionary times will be the norm for the next few years.
China has reported a slow down in manufacturing recently and as we oscillate our attention back and forth between the States and the Euro Zone, politicians play their games to retain power while their respective economies pay the price.
As we have seen again this year, equities and property continue to underperform, Investors are now asking themselves, “where do I put my money” or ‘where can I park my cash”
If you are looking for a relatively safe place to park your money and you’d also like to see a return on it of some kind, My answer to that question is to find a good FX trading firm who has low volatility in its returns and uses best practice risk management enabling a conservative but reliable monthly return.
The reason to consider FX trading as an alternative is that FX traders don’t care what is happening in the economy.
We don’t need to rely on growth. We just need to see a movement in a currency pair….. any currency pair. As long as currencies move around, either up or down, FX traders can make profits from these moves. So as long as there is a reasonable amount of liquidity in the market and currencies pairs show good range movement, we can make good tradable profit.
Wealth Builder FX Group is one such firm !
We have a professional team of traders whose approach to the markets is consistent, providing moderate to good returns while adhering to conservation risk and money management practices that ensure safety of capital while seeking out profitable trading opportunities.
Our results for 2011 are very nice, and as I write this article, we are up by around +17% for the month of September 2011. bringing us to a return so far this year of around 40%.
Emergination
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