The fear to the recession, the inefficiency of the measures and the inopportune declarations of some civil servants helped so that Wednesday 15 of October the markets returned to sink. The deceleration of the economic activity already is a fact and the fall of a 8% in Wall s$street seems to confirm it.
The optimism volvio to collapse after which the bad results of the North American real economy spread. The consumption was contracted and the retail sales fell a 1.2%, leaving lost millionaires.
The preoccupation faces returned to illustrate the covers of main international means, 48 hours after the United States and Europe coordinated a plan to beat the crisis. This it is the panorama that appears in the world of the finances. Nevertheless in the environment of currencies, the things estan but stable and forex and the economic crisis seems to take rather well.
The dollar, although in the last day perdio land in front of the Japanese yen and the Swiss franc, volvio to fortify itself against the Euro. It seems that forex and the economic crisis has impelled upwards to a very important lost dollar that venia suffering from the 2007 with respect to other currencies.
The specialists augur that in a moment the dollar became stabilized by months and was anchored in 1,25 dollars by Euro. Forex and the economic crisis, has given a new opportunity him to the dollar so that this it returns to become the endorsement currency that sometimes was.
By these hours many habran been able to observe it raises that it of the dollar is not logical since the economy that endorses this currency finds the abyss on the brink of madness, then because to take shelter in the currency of the country that is indeed the sum of all the fears. In the world of the finances if there is something is not effective is the logic and of it tests exist very well. In 1998 when in the United States I explode the crisis of the Savings & Loan, that I bring about the bankruptcy of 1,400 savings banks and 1300 financial institutions, the dollar, in spite of the catastrophic prognoses that many augured, esteem.
As we can see in the days of storm they lay new ways is why forex and economic crisis have become synonyms of opportunities. Both form an explosive cocktail that abren the doors to a world unknown by many and envied by others.
Mar
14
