Posts by "qiman"

China once again avoided Thursday the label of currency manipulator that would have made the country a target for punitive actions from Congress.

In a long-awaited report, the Treasury Department declined to officially cite China for manipulating the foreign-exchange value of its currency even though the country had maintained a de-facto peg to the dollar since mid-2008 until last month.

Treasury Secretary Timothy Geithner had engineered a delay of the currency report to give China space to move on its foreign-exchange policy.

This maneuver paid off just prior to the Group of 20 leaders' summit in Toronto last month when China announced it would allow its currency to move against the dollar.
http://www.marketwatch.com/story/china-not-cited-as-currency-manipulator-2010-07-08

IT IS registered in Luxembourg, the offshore domicile of many hedge funds. It has hundreds of billions of euros with which to place macroeconomic bets. And from July 1st the newly formed European Financial Stability Facility, the special-purpose vehicle (SPV) set up to support ailing euro-zone countries, is even being run by a former hedgie. But this is one fund that will never short its investments.
http://www.economist.com/node/16485600

Ashraf, the bizarre ball certainly does make for some interesting curve shots which can fool the goalies! The main thing I have noticed is that the ball often seems to gain more altitude than the kicker anticipates, and perhaps some shots have gone over the goal, kicks that with a normal ball would've made it under the crossbar. Though I am sure that players have tried to adjust their kicks, it takes time. Ditto on the refs, the Spain Germany game was pretty good overall, may it continue!

Breakup of single currency would blight Europe, says Dutch bank IngKnock-on effect on global economy would dwarf aftermath of Lehman Brothers collapse, analysts warn

"January 2012. A cold winter has settled across Europe while the hard freeze gripping the economies of countries that once made up the eurozone is spreading across the globe. European Monetary Union is over. The stresses and strains caused by the bailout of Greece and the problems that enveloped other peripheral countries has made the euro a distant memory.

This is the scenario explored by economists at Dutch bank ING who have produced one of the first financial models of what might happen if the single currency falls apart during 2010. In a bleak assessment, entitled "quantifying the unthinkable", they warn that in the first year alone, so by the start of 2012, output would fall between 5% and 9% across various member states, while their new national currencies would fall by 50%."

http://www.guardian.co.uk/business/2010/jul/07/breakup-emu-eurozone-deep-recession

Very good sportsmanship, skills, defense by both teams. I thought for sure Trochowski's kick was going in, very close. Second half adjustments, germany needs to find a a way past midfield quicker.