Wednesday 8 June 2011

Garde against touts selling tricks.

Reducing poverty and improving equity are currently considered the core objectives of the IMF; a far cry from its founding mandate of international monetary cooperation. People change; so too global circumstance. Technology aids & abets the process. Institutions slow on the uptake quickly fade into history. [Nokia is, perhaps, the most modern example.] If we are to assume therefore that the IMF promotes progression, why then should we accept more of the same? For the prospective IMF candidates that famous French proverb 'Ce n'est pas la vache qui crie le plus fort qui donne le plus de lait.'* 


Incidentally, traders living in the past reliant on 'established' support levels squander opportunity. Look to the future, it's progressive.



*(Quite literally) It is not the cow who shouts the loudest who gives the most milk...

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