Payback time
What goes around comes around! It was the investment bank Goldman Sachs who invented the credit default swaps. This bank has also directly been aware of the dangerous side of these mortgage insurance policies. Goldman came out as the winner of the credit crisis in 2008, the only bank that was still standing firm. But [...]
‘Deal with the consequences’
Economic growth and debt. It’s like the chicken and the egg. Who came first? And can the one exist without the other? That is the status quo of this crisis. You cannot solve one without sacrificing the other. Debts can only be solved by paying them off and before you start cutting your budget you [...]
De retreat of geniuses
It is the accountant, the mathematician and the fast guys from Wall Street how dominated society over the past 30 years. It has led to a society built on monetization. Money, finance and risk avoidance calculation models have been the guiding principles of humanity in the last decades, but where is the man behind these [...]
The dehumanization of society and Murphy’s Law
Can it? Is it really happening? Will that, what no one expect, be happening anyway? Will it happening, even if statistically established show us that the risk is negligible? Murphy’s law requires that man has to take into account the most unlikely. Why? Because it is just going to happen!
The credit crisis seems to become [...]
There is a call for you Prime Minister? It is Mr. Obama!
“Obama rules the World’. The making of society. Who still believes in it? Barack Obama maybe? The U.S. President manages not only his own continent but Europe too. A few phone calls to Germany, France and Spain, and it was arranged. The biggest bailout ever in Europe. How fortunate. We are saved from destruction. Thank [...]
Focus on the next thing!
What is the truth? How is it that the Greek deficit leads to a wave of panic in financial markets? Starting in January, the problem of refinancing of the government deficit was only 8.4 billion. And now, financial experts are already talking about 150 billion two months later? It is reminiscent of the beginning of [...]
The lack of vision
This week’s review: the sound of alarm bells for Greece and the Euro zone, Mean Street attack on Wall Street, and the Battle of the value of the Chinese Yuan. These are the dominant themes of this time and none of it resonates a positive tone of voice. There are big concerns. Behind all these [...]
