I take the full responsibility for a terrible performance
this month, but it does not help our plans out. This unexpected breakdown in
our performance comes at a terrible time as we are trying to fund several
operations in different parts of the world. I enter my office and take a seat
as my personal assistant enters with a big glass of fresh squeezed orange
juice. I thank her and she takes a seat on the couch asking me what I have in
mind now.
I fold my hands and rest my chin on them as I sigh taking a
look around the office and everyone I can glance at. Everyone is down as if we
are done for the year, not a single person seems to see anything positive and a
vicious circle has begun. I get up and walk over to the door, look back at my
personal assistant and call everyone to attention. I jump on the first table
and tell everyone to stop right now, stop being depressed over the events which
hit us, hit us hard, and do not dare to lose track of our main objective. We
need to streamline and focus. I go on and on and give them a 15 min
motivational speech. The more I talk the more I get motivated myself and I end
the speech with a simple demand. I ask everyone who does not feel competent
enough to follow my lead to take the rest of the quarter of, yes that is over
six weeks.
There is a moment of devastating silence until one of our
analysts says that the Eurozone has entered its longest recession since it was
created. The world’s biggest economy has contracted 0.2% in the first-quarter,
worse than expected. From France to Italy and from Spain to the Netherlands
every country has performed far worse than the socialists expected. Germany
managed a terrible 0.1% gain and since they are the economic engine of the EU
it does not take a rocket scientist to figure out how bad the picture is.
French socialists and German Nazis have ensured the Eurozone
is falling apart on an economic as well as fiscal level further and faster than
the system can handle. There is no solution to the problem as long as
Franco-German socialists and extremist are allowed to govern. Outside the
Eurozone the U.S. saw a 0.5% drop in manufacturing output which is far worse
than the 0.2% decline expected.
The only bright spot, if that is what you can call it, came
out of the UK as the growth forecast was revised higher for the first time
since the financial crisis took hold. Chancellor of the Exchequer Osborne gave
his last quarterly inflation outlook and took the opportunity to criticize the
idiotic socialistic brain cramp of a financial transaction tax which is heavily
favored by the French social pest as well as the German austerity Nazis. The UK
remains the sole fighting force and we can only appreciate and support it.
I thank the analyst and tell everyone that this is the
spirit, we need to focus. I jump of the desk and walk around somewhat hectically
and ask for more of that drive. I ask everyone what else we know right now that
we can take advantage of. I know I need to create one successful finish to the
day and hopefully we can build on it. I decided to make it a group effort and I
seek heavy involvement.
Nobody has yet answered. I ask what financial markets are
doing in Germany, France and the UK. I inquiry about Italy, Spain and the
Netherlands and the status of financial markets there as people get some of the
hype and start to scramble for information. Answers start flying around. There
is a big disconnect with economic data and financial markets as they continue
to grind higher. Now or never, start shorting continental Europe, take short in
the U.S. This is a do or die situation and we need to turn momentum in our
favor.
Disregard risk management, I give full permission for it.
Our traders rush to their terminals and start to execute orders I am yelling
out. Take long positions in the AUDUSD currency pair, short the USDCHF get to
work and create results. I manage to turn the office into a crazy but more
cheerful place as I jump from desk to desk and from trading terminal to terminal.
It looks like a zoo, but this is exactly what we needed as I rush back into my
office. Well done is what my personal assistant tells me with a smile. Just
what we needed to turn things around.
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