Saturday, September 11, 2010

New Bank Products

Without the new bank products my worry over the exchange rate would never have been a worry I could do anything about, and I would have put it aside. But with these new products I worry constantly about when to fix and if to fix.

I wonder if these new products don't also exacerbate, by their very construction, the volatility of the markets themselves, so in a looped feedback way increasing both the need for the product and the volatility of the market.

B

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