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April edition contains: 1) ON THE ROAD TO WORLD CUP South African Rand on the pivot point. 2) AFTER CHINA REVALUES We examine impacts and likelihood of immediate RMB revaluation. 3) NICKEL MAY THE WEAK LINK AMONG BASE METALS Long term overcapacity in nickel may push prices back to normal. 4) SMALL CAPS IN JAPAN Japanese small caps seem to be about 20% undervalued on P/B metrics. 5) PERSONAL INCOME IN US Wage growth is anemic and rise in consumption is sponsored by government transfers. 6) SHORTING SPANISH B

Author

Jan Kaska

Language

EN