Category Archives: philanthropy
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.
Statistics in Greece is a combat sport
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 theContinue reading “Statistics in Greece is a combat sport”
The market will open down 100% tomorrow, Thank You, Republican National Security Debate
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 spendContinue reading “The market will open down 100% tomorrow, Thank You, Republican National Security Debate”
Crisis of Confidence
At this point it really doesn’t matter which way the crisis in Greece goes. The worlds confidence has fallen as bond markets have shown more alarm and the GIIPS have been forced a bailout. Government debt situations and the banking industry and heavily linked GLOBALLY, and more is likely to come (MF GLOBAL). The fallContinue reading “Crisis of Confidence”
“This is a question of whether we remain in the euro zone. This is very clear. It’s clear to everyone” – Papandreou
Ok, here is the itinerary: The ECB is meeting on November 3rd. The G20 is meeting on November 3-4, The Papandreou is attending on the 2nd day. A Eurogroup meeting will follow on November 7th, followed by an EU Ecofin meeting on November 8. The Troika was meant to disburse the sixth tranche of theContinue reading ““This is a question of whether we remain in the euro zone. This is very clear. It’s clear to everyone” – Papandreou”
Ex-Ikos chair Coward launches illegal hedge fund.
Martin Coward, co-founder of Ikos Financial and estranged husband of Elena Ambrosiadou, is preparing to launch his own hedge fund. The FT reports the fund will be activated next year, using the same state of the art proprietary technology to benefit from high frequency trading that has lead to Ikos’s success. Although Coward is theContinue reading “Ex-Ikos chair Coward launches illegal hedge fund.”
Europe’s Besieged Banks, Relief….MF Global & Greece’s Ejection
EU banks have received a short period of relief from the unpleasant sovereign debt crisis of the GIIPS. As bank shares recovered from political efforts to provide a comprehensive program for resolving the crisis. The recent 29% writedown on Greek debt held by the private sector and a plan to help support bank racapitalisation byContinue reading “Europe’s Besieged Banks, Relief….MF Global & Greece’s Ejection”
Brazil the World’s 6th Largest Economy
Since 1990, the poverty rate in Brazil has halved, declining on average by 1.2% a year. This year Brazil’s economy is forecast to grow by 3.6%. Brazil is on track to overtake Britain to become the sixth largest economy in the world. With a GDP per person, at around $11,000, Brazilhas been growing at anContinue reading “Brazil the World’s 6th Largest Economy”