The idea is there, locked inside.
All you have to do is remove the excess stone.
Michelangelo
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INSIDE THIS ISSUE:
Regardless of geography or asset class, a growing sense of fear and foreboding has invaded financial market floors around the globe in recent weeks.    Fear that stock markets might be headed for a bout with either deflation or a wave of inflation, fear that government bonds might represent the last of the great asset bubbles, fear of central bankers’ machinations as proclaimed apostles of Keynes, fear of “Mr. Austerity” now traveling the world, and so on, all contributed to ... ... Read more
The divergence in growth rates between northern and southern Europe was even more convincingly illustrated by the recently released trade figures.    Germany’s trade surplus (€60.2 billion, from January through May) did dwarf the rest of Europe. In fact, the overall Eurozone external trade surplus amounted to only €2.4 billion (EU-27: €9.6 billion), despite a sharp depreciation of the Euro, which normally should have benefitted all countries in the Euro area. ... Read more
In Focus:  SOUTH AFRICA
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