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 [...]
The deadly mix and the volcano that may burst!
Fraud! Finally, the bad word has been said. Goldman Sachs has committed fraud by hiding bad mortgages in hedge funds. This it has willingly done, according to the SEC (the Ministry of Economic Affairs), so it is fraud! Shareholders would have lost 1 billion U.S. dollars in the fall of 2008. Is this really fraud? [...]
A new pragmatism
Expansionism, individualism and liberalism. These are the concepts of capitalism. Capitalism has given us wealth over the last 60 years. It is the only economic system that is maintained over the past 100 years.
The Soviet-led economic system has failed and it was lifted. But has capitalism still future and will this system still exist [...]
How those in a dilemma have to be agile
The focus on Greece is completely gone and so investors can again focus on other things. Greece is 1.7% of the total European economy. The impact on the Euro is therefore not really big.
Loans have been provided to Greece and the interventions in the economy are apparently enough for the European government leaders. End of [...]
