Euro is sliding, while ECB is confirming money print via banks-help programs
The Euro has fallen below $1,24 and in fact there is no serious indications of a soon reverse. As this devaluation is not good for US-exports it is possible soon we see a direct (QE3) of hidden (via banks) intervention of FED in support of Euro and weakening the dollar. Some analysts call this a "currency war". Some clever analysts call this "madness" that will lead to overall inflation in all currencies and no one will profit from weakening its own currency. But this is a long term threat, while in mid and short term fighting at currency war is a heroic action.
Read more...Suing Facebook is an exculpation for own foolishness
Some angry investors decided to sue Facebook, the IPO bank - Morgan Stanley, and Mark Zuckerberg personally after the share price of newly listed on Stock Exchange company crashed down from the IPO level of $38. This is the expected end of a mix of market bubble and Ponzi scheme that is to become at least one of the largest disappointments in business history. There was an enormous hopes, massive money flow of naive investors, and usual and logic slump at the end.
Read more...The Greek mysticism - "no to bailout - yes to Euro"
An interesting model of political populism in developing in Greece. Greece will not leave the Euro zone, but will go out of the bailout package. The package is called "suicidal", "ruthless" and "unfair". But is this possible - to reject only the bailout plan and at the same time to stay in Euro zone?
Read more...Did G8 sow the new Deutsche Mark?
At the meeting of G8 Angela Merkel was scolded by other leaders and the concept of austerity has been criticized. There has to be "growth", said Barack Obama accompanied by other leaders. Well, in fact Germany has a good and stable growth... And it is because of the conservative fiscal policy, savings and diligence. These are the keys to growth. Germany has a real growth, unlike U.S., where FED and Obama created a fictitious growth, by printing dollars and accelerating the inflation. So in fact Merkel is the most active pro-growth politician - one that makes real results.
Facebook "Ponzi" has started
Facebook bubble reached a bigger size than expected as early as the first day of real market trading. First the IPO has outrun the expectations motivating additional shares to be placed on sale. Then the enthusiastic investors pumped the price additionally up. But at the end of the day the price was back at the IPO level.
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