Still, he adds, "Being as young as I was, I saw him as a breath of fresh air. Youthful,Michael Kors Watch, dynamic, a new visionary type of leader. I felt a lot of optimism and hope. I felt that in time, if we kept up our advocacy, he would deal with issues important to our people."

But Narain says that if a currency keeps depreciating, it can become harder to roll over the hedge. And the rand's moves are being driven by bad policy and worsening macro economics rather than short-term problems or global issues.

Mr Cameron might say that the Deputy Prime Minister's success with differentiation is likely to prove short?lived. On current trends, Mr Clegg faces an electoral blood bath in May in Northern cities and in Scotland that could force his party to conclude that differentiation has made no, well, difference to their prospects. But the Prime Minister will continue to face the question many in his party want the answer to: and what makes you different, Dave?My favourite Charles Addams cartoon is the one that shows ski tracks passing either side of a large fir tree, as if the skier who is seen hurtling downhill has passed right through it. Another skier looks on in amazement. It comes to mind every time I find myself discussing the Coalition and what happens after the next election. David Cameron is trying to pull off the same trick, and his party is beginning to notice.

In international mat

Organised trading, political squabbles are expected in such a setting. Will a new Trade Federation rise again? If so, who will hold the strings this time?