The green shoots have obviously not taken hold all over the world and the Singaporean finance minister is on the newswires stating that they are not yet in full recovery mode. Politicians have the tricky task of finding a good blend of optimism and realism. There is a real arm wrestle going on in the FX market over whether we are in for another dose of risk aversion or not. I have a foot in both camps; I firmly believe that we have not seen the worst of the financial crisis and that risk aversion will eventually return in a big way but we are currently in the eye of the storm and as such we have a bit more plain sailing ahead of us before the rough weather returns.