Courageous Leaders Focus on Tomorrow

摘要

The relatively stable surroundings and peace that the world was accustomed to symbolically ended on Sept. 15, 2008. On that day, Lehman Brothers Bank declared bankruptcy. The world panicked and a global crisis was born. Markets became diffident and unstable, or simply oversensitive. Volatility is now a fact of life. Every bit of information, Roskwitalski even if unconfirmed, can cause millions of dollars to vanish from the market. Volatility has also hurt the cotton market. Unexpected decisions thatrestrict the free cotton trade and disastrous weather events led to a decreasing global cotton supply. It is undisputable, however, that the common thread - both for disturbances in cotton and in the overall financial markets - is lack of reliable, transparent data and the influence of market speculators.