In Crisis, Deutschland, Economic Institutions, European Union, Germany, Global Economics, Greece on April 14, 2015 at 1:34 am
A German tourist goes to a Greek hotel…. He gives the owner 100 Euros and asks for some room keys so he can take a look at them and see if he likes them. He leaves the 100 euros as a safety deposit…. The hotel owner gives him all the keys because he doesn’t even have one guest….
As soon as the German tourist is upstairs to look at the rooms, the Greek hotel owner takes the 100 euros and runs to the butcher shop across the street to pay his outstanding balance. He runs back to his hotel.
The butcher takes the money and runs to the farmer to pay for the pig he bought last week.
The farmer takes the 100 euros and runs to the only prostitute in town because he still has to pay for his two last visits.
The prostitute takes the money and runs to the hotel and gives the 100 euro back to the hotel owner. She needed to pay for the room she used twice last week…. At that moment, the German tourist comes down the stairs. He says that none of the rooms were to his liking. He gives the keys back to the hotel owner who gives him back his deposit. The tourist takes his 100 euros back and leaves the hotel….
Result: all outstanding balances are paid and nobody has money! This is how European economy works!
In Commodities, Economic Institutions, Global Economics, price volatility in energy, Uncategorized on March 6, 2012 at 2:22 am
The following chart shows Chinas raw iron ore imports. Not a good time to be a bulk carrier…
In Arctic Oscillation, Capital Shortfall, Cataclysm, Commodities, Crisis in Japan, Cyprus Securities and Exchange Commission (CySEC), default, Economic Institutions, European Union, Financing Reconstruction, Global Economics, Groupon legt Traumstart an der Börse, Hedge Fund, ICE Brent Crude oil, macroeconomic factors, MF Global, Multibillion, Nuclear, philanthropy, price volatility in energy, Proprietary, spillover effect, Turbulent Markets on December 22, 2011 at 3:08 am
Social unrest and revolt during the Arab spring led to a restricted N African supply of crude. Japan’s catastrophic quake halted her industrial production lines. These events created unprecedented volatility in the raw commodities industry, the volatility is set to continue through 2012 as more austere fiscal measures are adopted.
In Belgian, Capital Shortfall, Cataclysm, Commodities, Cyprus Investment Promotion Agency (CIPA), Cyprus Securities and Exchange Commission (CySEC), Economic Institutions, El Niño and La Niña, Environment, European Union, Financing Reconstruction, Global Economics, MF Global, Multibillion, price volatility in energy, Proprietary, selective default, spillover effect, Turbulent Markets on November 30, 2011 at 3:37 am
If the IMF is asked for funds from the EU, it won’t have enough resources for the rest of the worlds emerging markets if there is a contagion.
The fiscal situation in the EU’s GIIPS countries is not good, but it’s not like they were jewels to begin with, they’ve battled these problems for decades, even centuries.
The ECB must resolve this. Today, there exists a real possibility that the EZ might just break apart and countries would return to multiple currencies.
The ECB must stop the meltdown by buying GIIPS bonds as needed.
In Arctic Oscillation, Capital Shortfall, Cataclysm, Commodities, Cyprus Investment Promotion Agency (CIPA), Cyprus Securities and Exchange Commission (CySEC), Economic Institutions, European Union, Financing Reconstruction, FX, Global Economics, macroeconomic factors, MF Global, philanthropy, selective default, spillover effect, Turbulent Markets on November 28, 2011 at 7:43 pm
Elstat is Greece’s new independent statistics agency. Elstat has been commissioned by the European Commission to “clean up” the statistics, after decades of corruption and inadequacy by the Greek finance ministry.
Yet, Elstat is now facing opposition in the form of an official criminal investigation by the Greek government for “inflating the scale of the country’s financial crisis.
Accusations include delay in diaper aments of loan tranches.
In Capital Shortfall, Commodities, Culture, default, Economic Institutions, Financing Reconstruction, FX, Global Economics, latin america, MF Global, Nuclear, philanthropy, price volatility in energy, Proprietary, Regulatory demands, Turbulent Markets on November 23, 2011 at 2:35 am
Tonights Republican debate is focusing on national security and foreign policy issues. So far, the candidates have been unable to understand if the next Iranian regime will likely want nuclear weapons too.
I guess “Africa is a country”…and according to Rick Perry’s math “half a trillion” is actually equal to “500 million.”
we should spend even MORE money on Defense! – Mitt Romney
“Africa is a country on the brink.” – Rick Santorum
genocide overseas? Not our business, beer should be illegal – Ron Paul,
Iran has mountains and shit – Herman Cain
Chilean models http://bit.ly/sivhRn – Newt Gingritch
give mexican drug lords medical care and scholarships – Rick Perry
“voices in my head said” – Michelle Bachman