miercuri, 16 noiembrie 2011


SUA, Australia, Brunei, Chile, Malaezia, Noua Zeelandă, Peru, Singapore și Vietnam.

Pe scurt, cele nouă țări vor micșora taxele vamale pentru produsele provenite din țările membre ale convenției, punând împreună bazele unei gigantice piețe de schimb.

merica exportă în zona Pacificului mult mai mult decât în Europa.

Îngenuncherea Italiei este evenimentul premergător îngenuncherii Austriei. Iată că la mai bine de trei ani de când avertizam că Austria reprezintă o construcţie financiară grandioasă cu fundaţie de carton, cei de la S&P s-au trezit să avertizeze că Austria nu ar mai putea susţine subsidiarele din Est

Cei doi giganți ai cardurilor, Visa și Mastercard, intenționează să intre pe piața publicității online. Pen



ECB Governing Council member Yves Mersch said that monetizing government debts "is tantamount to inflation" and "not feasible." To use inflation to lower the fiscal burden "would reduce incentives for governments" to tackle their debt burdens and "would raise the risks of even higher future inflation and greater output volatility. Uncontrollable wage-price spirals would be likely." Mersch said in a speech in Frankfurt today. He also added that you can not make the ECB as a "lender of last resort for governments" and that governments must live up to own responsibilities.
And scene.

FABER
Sooner or later, the europeans, especially the ECB will have to monetize and problems will be postponed for a while

I think it`s going to be very difficult for markets to make a new high above (in the case of the S&P 500 Index), the May 2 high at 1370. I think there is a lot of supply between this level, 1260 and 1350, so I doubt we will see new highs.


Nouriel Roubini : The Eurozone crisis seems to be reaching its climax, with Greece on the verge of default and an inglorious exit from the monetary union, and now Italy on the verge of losing market access. But the Eurozone's problems are much deeper. They are structural, and they severely affect at least four other economies: Ireland, Portugal, Cyprus, and Spain. For the last decade, the PIIGS (Portugal, Ireland, Italy, Greece, and Spain) were the Eurozone's consumers of first and last resort, spending more than their income and running ever-larger current-account deficits. Meanwhile, the Eurozone core (Germany, the Netherlands, Austria, and France) comprised the producers of first and last resort, spending below their incomes and running ever-larger current-account surpluses.




The "January effect" (the market tends to rise in January attributed to individual investors putting money to work after taking tax losses in December) worked this year as the S&P 500

he "January barometer" (stock gains in January often lead to a gain for the year) and the overlapping "first five days" indicator (stocks rising during the first five days of the year indicate a high probability for a gain for the year) have both proven accurate,

“Sell in May and go away" (suggests investors sell and avoid the summer months) worked, with stocks peaking for the year on April 29.

October, the "bear killer" month (stock market downturns famously end and reverse in the month of October), ended the 19 percent peak-to-trough stock market decline with stocks bottoming for the year on Oct. 3.

If this "year of the market axiom" pattern continues, what comes next? Perhaps a "Santa Claus rally" is in store for December. Markets must still move past the uncertainty of November that includes key policy events:
  • Government transitions in Europe
  • Action by Congress to avoid a government shutdown
  • The super committee proposals to find $1.5 trillion in deficit reduction measures. But then a year-end "Santa Claus rally" may cap off a volatile year of modest single-digit returns for stock market investors.


  • A rebound in investor sentiment as Europe takes long overdue actions to avoid a financial crisis;
  • Improvement in the job market as foreshadowed by the recent decline in initial jobless claims below the 400,000 level in recent weeks; and
  • The holiday shopping season surprises by exceeding retail sales estimates, as it did last year.


that leading China real estate developer may cut Shanghai price listings by up to 20%.

http://www.greendiary.com/entry/innovative-ways-to-generate-electricity-while-having-fun/

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