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EU to test a financial nuke in Cyprus
European leaders obviously decided to make a nuclear test in financial system to demonstrate the consequences of not making the needed austerity reforms. Cyprus is the ideal range for this as the economy is very small and even enormous fluctuations there cannot harm the rest of EU. Cyprus is much smaller even than Greece, that itself is considered small enough for experiments. Anyway Cyprus is even better, because much of the money lost will be from outside EU. Cyprus is an offshore zone.
Read more...The Chinese eco-dumping as a double-edged sword
China is facing serious and increasing ecological problems. The country has succeeded in making in 30 years a super industrial revolution, that took the rest of the world 200-300 years. Based on modern technologies and extracting the global markets China is ruining its environment, using its sacrifice as one of the many competitive advantages to attract building new and new factories.
Read more...Another failure of stimulus concept
There have already been at least 4 years of speedy money print (called stimulus) and a constant excessive (high deficit) government spending in an effort to awake the economy of USA, EU and Japan. And the result is zero Isnt it time to stop and think about this? Just a small thinking before the next repeat of the same obviously not working strategy
Read more...The Socialism advances in Switzerland
A new and impressive victory of socialism happened in Europe, after Swiss voters approved on referendum some limitations to the salaries of managers of corporations. As this happens in Switzerland may be the most successful pro-capitalistic country in Europe, it marks the influence of leftish ideas that lead to a much more regulated and non-free economy and society as a whole.
Read more...The broken Italian democracy
Many comments circulate around the world today on the stalemate Italian elections, and even much more interesting is the news from the markets. But the main news is not the blocked parliament, but the mechanism of blocking it. This mechanism shows the full destruction of the Italian political system that explains also the economic troubles and the inevitable default of this country.
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