Archive for the ‘Turbulent Markets’ Category
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.
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.
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.
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
One, politics in Europe are local, not “European.”
Two, monetary, fiscal, and labor policy are at the core of the problems in the GIIPS.
Third, The EU had better identify itself and make its presence known- finally.
It is her “fight or flight” moment. The Entire EU hangs in the balance, and coupled with that the US economy. Sovereign debt and negative growth are actually spreading.
Mr. Monti and Mr. Papademos must play a role in tightening the fiscal policies and make the structural reforms needed. These technocrats, should provide a positive step in increasing pro investor policy.
30m mortgage holders out of 55m are paying above market interest rates… 1% over the average for a new 30 year…
This is quoted from the article: “I answered an ad in 1995 that I thought was for a job related to “security” (as in security guard) but was in fact related to “securities.” That’s how little I knew about the stock market. A few months later I found myself working a phone at a Fidelity Investments call center. Things went well, and by 1999 I was a Merrill Lynch financial adviser and a certified financial planner.”
— How a Financial Pro Lost His House – NYTimes.com
The human cost to natural disasters like the one in Turkey weeks ago include injuries and temporary and permanent disabilities, temporary and permanent displacement of people, increased poverty and disease, and psychological scars. In addition Economic costs, based largely on direct infrastructure or losses of fixed capital and inventory, are also underestimated. Many indirect effects on economic activity include long-term consequences of the reallocation of investment resources, and the loss in human capital. Over the past year the incidence of natural disaster has increased.
The El Niño and La Niña events, associated with anomalous floods, droughts, and storms, are getting larger and more frequent.
In fact commodity producers are already bracing for another La Niña, a weather phenomenon that wreaked havoc earlier this year on commodities markets, sending prices to multiyear highs. La Niña is a shift to cooler than normal temperatures in the Pacific Ocean, causing above normal rainfall in south-east Asia and northern and eastern Australia, and an increase in tropical cyclones. Here in the USA, our Pacific Northwest and Northern Plains are wetter while the southern states face a lack of rain. In South America the heavy rains threaten coffee, corn and soybean production. India experiences an increase in monsoons, threatening their iron and ore. South East Asia and Australia experience heavy rains that destroy the harvests of rubber, palm oil, coal, wheat, and sugar. The change in the elements has a huge impact on commodities production.