Quotable

“It is obvious that in 2009, because of its structure, Germany took a much bigger hit than France. It is hardly surprising that they would catch up faster, but that is only due to the fact that they went down farther.”  - Christine Lagarde, France’s Finance Minister (making excuses for why growth forecasts are being cut in France while German growth is exceeding expectations.)

FX Trading – Can stocks hang on?

A friend of ours forwarded on this chart from The Economist last week:

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