Tuesday, May 22, 2012

I am not sure if the sorts of financial speculation activities should be called cankers.

And, how can financial speculation be distinguished from financial hedging? For instance, you are a producer, and you want to hedge against the potential price increase of one of your key raw material inputs and to control the risks of costs. Or, you are an exporter, and you want to hedge against the potential rise of your domestic currency.

To kowtow to pressures is not good. But to compromise with them is.

Everyday, cars crash. But people still drive.

Everyday, companies go bankrupt. But aspiring entrepreneurs still start up.