(Ex)Changing Energy

The golden rule of an economic cold war is… for you not to be cold. Or to not be left in the cold. To succeed, a country mustn’t catch a cold when a major supplier from outside the EU decides that you should only have ice tea in the winter. Put it whichever way you fancy, Europe’s main priority remains investing and obtaining energy security. And the situation isn’t a lot different for the UK either. As officially announced, London will try changing the energy mix step by step, but will still be tied to imports for years to come.

The coloured black swan

It’s now been more than five months since Black Thursday, the storm that ravished currency markets and let some foreign exchange brokers naked in the Swiss cold. After such a shock (known as a black swan event) one can only wonder if there is life after crisis or if the market will ever be the same again.