Hello Goodbye

It's been only a little over 2 months and the world's gone to hell in a handbasket...well, almost.

World's so full of nonsense I don't see a need to add to it, but I'm back to note down a few points of interest 'cos i'm too lazy to go into the next room for my notebook and pencil.

> 12 Sep - Commentary in the Telegraph 'The Swiss Franc is the new deutschemark', by the chief economist of Ignis Asset Management. 

The least ugly of the lot you mean. So everyone and their uncle piled into the franc until the SNB came out on 6 Sep to announce a 1.20 EUR/CHF peg. Sweet. You just know the whole world is waiting for that level to be tested 'cos everyone would love to see SNB fail; pegs do not feature in a free market economy, or so economists claim. Well, we'll see. Me, i'll stand on their side, 'cos they've told me where to place my stops. 

And what else is new? Let's see, the latest G7 meeting again highlighted the fact that we're in such a horrible place now there's not much that can be done on a coordinated basis, we're still waiting on a Greek default as the 1yr bonds yield over 100% (would you buy some even if you could?), the Japanese have a new PM (who was the -arguably- ineffective Finance Minister), DSK is back home (too big to fail i guess), and markets are all over the place again. 

What a wonderful world.