Mr. Strauss Khan managing director of the International Monetary Fund said a global economic recovery could start this year, rather than in 2010. In his own words ''just now we see the beginning of the end of the crisis''. This comes at the moment the SP500 touched new highs for the year this last week, the euro cleared the 1.50 mark against the dollar, and the official GDP numbers out of China reveal cause for optimism.
The good news was not extended to the UK, where GDP there fell 0.4% in the third quarter. Nobody expected the economic contraction and the pound went from 1.67 to 1.63 to adjust to the new reality.

 

It was a good surprise to Mariusz Ganczar who was short the pound agains the dollar while it was going up. Averaging into his losing position he finished thursday with less 700% of his gains only to recover everything with the unexpected news and finish the week with profits of 1800%. The swing in his portfolio in this past week was the result of a bet and loose money management, proving once again that investing requires strong money management techniques.

Hristo Grivnev from Bulgaria is now second with gains of 245% ahead of veteran competitor Hanqui Guo from Australia second in the previous edition of the World Top Investor.