25 Nov '11, 12am

We have to recognize the damage caused by wild currency fluctuation and find ways to controlling it....

Here is a good example of the damage caused by currency fluctuation. It is difficult for a business to make long term plans that affect investments and employment of workers. http://www.cnbc.com//id/45431195 It takes a few years to plan and set up a factory and a longer period to recover the investments. The profitability of this business depends on predictability of the revenue and cost. If the cost can fluctuate wildly due to currency rates, it will be difficult for any business to invest. It is a good idea to have floating exchange rates to reflect the economic fundamentals of a country. However, the wild swings, caused by large speculators such as hedge funds, are causing tremendous damages, beyond their useful purpose. There must be some way of preventing these big speculations. Perhaps, the proposal to impose a financial trading tax will be useful. Apart from prevent...

Full article: http://tankinlian.blogspot.com/2011/11/damage-caused-by-c...

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The world of wild fiat currency fluctuations....

The world of wild fiat currency fluctuations....

singaporemind.blogspot.com 24 Nov '11, 1am

The chart above shows the movement of the Australian dollar vs the US dollar. If you take a closer look, you will noticed ...

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singaporeseen.stomp.com.sg 25 Nov '11, 2am

and by the way, look at the lockers, these are private facilities lockers, (simple, how often do you get free PUBLIC Locke...