The most fascinating stories that called my attention is none of these news that's happening.The gorgeous girls posing in the internet looking for a date and probably marriage caught my attention.Take this ads for example "Rich,educated and sexy Filipina looking for Americans  husband"--Rich by what standard? Belong to the Ayala and Zobel clan or a daugther of corrupt politicians? Here's another one "Rich American seek filipina wives"This American pobably a Moslem because he is looking for more than one. A rich American flipping meat fatties at Burger King earning twenty thousand dollars a years including overtime is phenomenally rich considering the exchange rate of forty five pesos, comparing to a Filipino making minimum wage a day that can relate to one thing a bowl of instant noodles on the table.

I wonder,if this pedophile rich American flipping burger place an ad at wowowee,how many colleges graduates unable to find work will appears at the gate of Kapamilya TV Station for the interview and the videotaping by Cory Vidanes and Pokwang. It is naive to expect that the prospective wives  will consult Dra.Belo or Dr.Calayan for botox and skin bleaching.Or how does a shy Filipina who earned 30 units of English along Recto Avenue with a packet of pictures in a gown ang toga will overcome the embarrassment of answering questions that test her intelligence as a college graduate and then mimicking with RR.They might be speaking the same slang English like Gloria Arroyo that only her Palakpak Boys can understand.

it makes me laugh about these ads,If he want as a beautiful,sexy and intelligent Filipina, Why he could not find a nurse TNT in America ? There is something wrong with this caucasian man. Of course maybe, he want to be lucky to find a forty years old virgin Filipina conservative from the barrio who become fearful of the communist who come down from the mountains at harvest time and took 3 sacks of rice every ten gathered,leaving the remaining seven to be divided between the farmer and the landowner.Call it tithing,securing protection or paying revolutionary tax.The virgin wanted to leave before she'll be rape and she sold some patola harvest in the market for a bus fare to WowoWee with a positive thinking that if they pass the interview: comes next is the green card.

On the other hand, a lower volatility would mean that an exchange rate does not fluctuate dramatically, but changes in value at a steady pace over a period of time.

Commonly, the higher the volatility, the riskier the trading of the currency pair is.

Technically, the term “Volatility” most frequently refers to the standard deviation of the change in value of a financial instrument over a specific time period. It is often used to quantify (describe in numbers) the risk of the currency pair over that time period.

Volatility is typically expressed in yearly terms, and it may either be an absolute number ($0.3000) or a fraction of the initial value (8.2%).

In general, volatility refers to the degree of unpredictable change over time of a certain currency pair exchange rate. It reflects the degree of risk faced by someone with exposure to that currency pair.

Volatility for market players

Volatility is often viewed as a negative in that it represents uncertainty and risk. However, higher volatility usually makes Forex trading more attractive to the market players. The possibility for profiting in volatile markets is a major consideration for day traders, and is in contrast to the long term investors’ view of buy and hold.

Volatility does not imply direction. It just describes the level of fluctuations (moves) of an exchange rate. A currency pair that is more volatile is likely to increase or decrease in value more than one that is less volatile.

For example, a common “conservative” investment, like in savings account, has low volatility. It will not lose 30% in a year but neither will it profit 30%.

Volatility over time

Volatility of a currency pair changes over time. There are some periods when prices go up and down quickly (high volatility), while during other times they might not seem to move at all (low volatility).

One unique aspect of this international market is that there is no central Market place for currency exchange. Instead, trade is conducted electronically over-the-counter (OTC), which means that all transactions occur via computer networks between traders around the world, rather than on one centralized exchange. The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney - across almost every time zone. This means that when the trading day in the U.S. ends, the forex market begins in Tokyo and Hong Kong. As such, the forex market can be extremely active any time of the day, with price quotes changing constantly.

Trading Forex is truly one of the best businesses in the world and one of the most profitable, and once you get it right it gives you everything you could wish for. You can run your business from anywhere in the world, as long as you have a laptop and an internet connection you are ready to make money. Not only will your broker open and close trades with little to no commission they let you have control of large sums of money with little initial investment. You have no office space to rent, no employees to pay and no one to answer to. Yes, trading the forex market is the ultimate job and there is nothing else quite like it in the world.

The investors were also worried about the declining U.S. dollar and economic troubles in the United States after the U.S. Federal Reserve had decided to bail out Indy Mac, one of the country's mortgage lender giants.

In addition, he said, the baht's weakening had fueled the value of gold in Bangkok though the price of gold abroad stayed unchanged at around 960 dollars per ounce.

Jitti said the local price of gold ornaments is likely to continue to rise and surpass the level of 16,000 baht (some 475 dollars) per one baht weight of gold this year if the Thai currency continues to weaken.

At present, gold ornaments are traded at 14,935.60 baht (443 dollars) per baht weight for the purchase price and 15,650 baht ( 465 dollars) for the selling price, and gold bars at 15,150 baht ( 450 dollars) for the purchase price and 15,250 baht (453 dollars) for the selling price.

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This newfound optimism of the past couple of months does not make sense. The reason the market has picked back up is closely related to oil prices. Oil prices on the other hand is closely related to the Dollar. The Dollar has been rising, thus oil prices have been lowering, thus the stock market has been rising. I, however, do not understand the rise in the dollar. Is the market forecasting more government stability or less government spending in the near future? Will the new administration offer better fiscal management? Does anyone really know? Does anyone even know who will be the new president, or their policies? I say the Dollar is rising because the economies of the rest of the world is falling faster than America's. Thus market makers are forecasting lower interest rates for the rest of the world. This, however, does not add value to the American markets in absolute terms, it merely distorts it. If you can't tell by now, I remain bearish on the market. Due to the uncertainties surrounding the new president, I will remain bearish until June of 2009. Give the market some time to figure out what the new pres is going to do.

Oh, did I mention I studied finance in college? Did I also mention I'm unemployed?

State

Democratic parliamentary federal
democracy since 1949

Capital city

Berlin, 3.4 million inhabitants

National flag

Three horizontal stripes in black, red, gold

Emblem

Stylized eagle

Anthem

Third verse of August Heinrich Hoffmann von Fallersleben’s ”Das Lied der Deutschen” to a melody by Joseph Haydn “Kaiserhymne“

State holiday

October 3, Day of German Unity

Parliament

Bundestag (16th legislative period: 613 MPs)

Time zone

CET/CEST

Currency

Germany is a member of the Eurozone, EUR 1 = 100 cents

Phone dial code

+49

Internet TLD

.de (one of the ten most frequent top-level domains)

Official language

German. German is the mother tongue of 100 million people. German is the mother tongue spoken most frequently in the European Union

Dollar makes a comeback, the Pound takes a pounding

Aug. 22 (Bloomberg) -- A failure of U.S. mortgage finance companies Fannie Mae and Freddie Mac could be a catastrophe for the global financial system, said Yu Yongding, a former adviser to China's central bank.

``If the U.S. government allows Fannie and Freddie to fail and international investors are not compensated adequately, the consequences will be catastrophic,'' Yu said in e-mailed answers to questions yesterday. ``If it is not the end of the world, it is the end of the current international financial system.''

Freddie and Fannie shares touched 20-year lows yesterday on speculation that a government bailout will leave the stocks worthless. Treasury Secretary Henry Paulson won approval from the U.S. Congress last month to pump unlimited amounts of capital into the companies in an emergency.

China's $376 billion of long-term U.S. agency debt is mostly in Fannie and Freddie assets, according to James McCormack, head of Asian sovereign ratings at Fitch Ratings Ltd. in Hong Kong. The Chinese government probably holds the bulk of that amount, according to McCormack.

Industrial & Commercial Bank of China yesterday reported a $2.7 billion holding. Bank of China Ltd. may have $20 billion, according to CLSA Ltd., the Hong Kong-based investment banking arm of France's Credit Agricole SA. CLSA puts the exposure of the six biggest Chinese banks at $30 billion.

`Beyond Imagination'

``The seriousness of such failures could be beyond the stretch of people's imagination,'' said Yu, a professor at the Institute of World Economics & Politics at the Chinese Academy of Social Sciences in Beijing. He didn't explain why he held that view.

China's government hasn't commented on Fannie and Freddie.

Yu is ``influential'' among government officials and investors and has discussed economic issues with Premier Wen Jiabao this year, said Shen Minggao, a former Citigroup Inc. economist in Beijing, now an economist at business magazine Caijing.

Investor confidence in Fannie and Freddie has dwindled on speculation that government intervention is inevitable. Washington-based Fannie has fallen 88 percent this year, while Freddie of McLean, Virginia, has slumped 91 percent.

Paulson got the power to make purchases of the two companies' debt or equity in legislation enacted July 30 that was aimed at shoring up confidence in the businesses. He has said the Treasury doesn't expect to use that authority.

The two companies combined account for more than half of the $12 trillion U.S. mortgage market.

http://www.bloomberg.com/apps/news?pid=20601080&sid=aslo2E01QVFI&refer=asia<br><br>

I wonder why Shamshad Akhtar or any of her subordinates didn’t notice it when they were presenting the sample to Prime Minister. The image of same faulty note has been given on the official website of SBP. Here is the link:

Pakistan's Banknotes

These tech giants had some benefit from a weak dollar because it reduced spending in overseas markets and lowering tax rates.  More and more of Internet giants revenue is coming from a higher proportion of revenue from foreign currencies.

Lindsay estimates that if the dollar continues to gain ground on foreign currencies, say by 10%, it could effect valuations of about 8% at EBay and 13% at Yahoo.  Why would Yahoo get hit so much more, well about 30% of their revenue comes from overseas and Google has about half of their revenue coming from overseas.

As for the markets, the US is a shithole and the US dollar is in a secular bear market while commodities are still in a secular bull market.  That doesn't mean the US dollar can't rally further or that commodities can't continue to fall - at least in the short to medium term.  Despite that, if you're looking at the long term, continue to look for opportunities in any areas OTHER than toxic turds like US equity or financial waste.  You'd have to be fucked in the head to believe that the Fannie Mae and Freddie Mac bailout announcement awhile ago will help retarded US lenders and borrowers in any discernible manner.

 The answer is shockingly simple – women forex traders are just as good as men forex traders (if not even better!).  Apart from living significantly longer, getting away from troubles using flirting and almost zero probability of becoming the next most-wanted serial killer, women are very good in multitasking and intuition. 

Read more why forex trading is a perfect job opportunity for women -  http://www.forexexplore.com/blog/viewpost/356.html

On August 29th, perhaps the single most important step for Indian export industry will be launched. One that will help put forth some perspective in the appropriate hedging and maintaining of profits arising from currency risk.

Off late, Indian software/textiles/pharma has seen a huge work at hand due to the pathetic absence of any instrument to mitigate currency risk. And hence banks went on to do some 'financial innovation'. They came up with esoteric derivatives, which they claimed will limit the losses.  Bull!

In the big credit meltdown, which will be spoken in trepidation and fear in the years to come, all these derivatives backfired. All of them!

And the losses? Well, as usual passed on to the customers! Banks ain't gonna take the albatross,will they?

It is an albatross, the clients albatross. This led to defaulting of hundreds of crores of rupees and almost near bankrupting of companies, in the beginning of the FY08.

Currency risk, is a huge risk to overlook and in no ways of its own can be tackled by third party derivatives. A transparency is required, and this problem was very much local to only India.

Why?

We didnt have exchange traded instruments to mitigate currency risk. But what is currency risk? Everytime we buy a share of any company which is dealing even remotely with export or import, we subject ourselves to a risk posed by the fluctuating currency. Not ony the shareholders but also the employees and clients. Infosys shares have been found to rise around 1.1% for every 1% fall in Re. Well, thats currency risk for you.

Now, what comes forth is this fact that, corporate entities will have a better way to deal with it. Its transparent, volumes will pick up and of course its regulated. August 29th is going to be the day when one huge step in monetary policy reform will take place. Because thats the day, NSE is going to launch currency futures.

One downside is, only $/Re currency pairs are allowed trading. Well, thats myopic, for I strongly believe Euro-Re pairing is imperative for this to be a truly beneficial step for all the companies in IT/Pharma.

So August 29th it is then.

For a humorous take on the bankruptcy issue on exotic derivatives read Derived Misfortunes

This does seem to add new credibility to the Transition Towns movement and it'll be interesting to watch their success. More details on the curreny can be found at the Transition Towns Lewes pages.