Yes, they've reached an agreement, but it remains to be seen whether the grand coalition can work and whether it actually delivers the reforms.
More Quotes from Lee Ferridge:
After all, it wasn't a bad number. It's just that the market had positioned for something even better.Lee Ferridge
There is a growing realization that the Chinese move last week was not as huge as some interpreted it to be. Now people have worked out that it is not that significant a move.
Lee Ferridge
People are still digesting Friday's data and wondering whether the short-term reaction to sell the dollar was right,
Lee Ferridge
We've just seen some stop-losses and it looks like people chose the downside.
Lee Ferridge
A lot of people bought the yen following Koizumi's victory and now they're feeling the squeeze. The yen has got about as much as it was going to get from the election result and now people are taking the opportunity to sell.
Lee Ferridge
The market did go up a little on the news but now we're coming back down again because I think the good news is factored in,
Lee Ferridge
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Considering how foolishly people act and how pleasantly they prattle, perhaps it would be better for the world if they talked more and did less.
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