End of summer vacations

End of August, end of summer holidays. This summer has been however a very busy one. And as we get into full gear in September, we will see an international scene pretty crowded by a number of key issues. The fragility of the politics has an obvious impact on the economy and the international business climate. But I have to say that surprisingly there is some kind of euphoria on the international financial front. A bit as if the politics and the financial matters were happening in two different worlds. And they are, in many ways. Russia and Ukraine, Syria, Iraq and ISIS, Libya and Egypt, the Ebola crisis, all that looks like crisis in distant planets. Big financial funds and the masters of global business transactions have been able somehow to isolate those crises and they believe the risk of contagion is today lower. But we forget that planets can also get into each other´s trajectory and crash. Prudence is then the right approach as we get into the new season.