November 2011
49 posts
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POLITIIKKA - Perussuomalaisilta Välikysymys...
Ohessa ote Perussuomalaisten kysymysksestä:
Perussuomalaiset jättivät tiistaina 29.11. välikysymyksen varautumisesta eurokriisiin ja euron hajoamiseen. Välikysymyksen otti vastaan Keijo Koivukangas, eduskunnan lainsäädäntöjohtaja.
Varautuminen eurokriisin syvenemiseen ja euron hajoamiseen
Perussuomalaiset ovat alusta lähtien vastustaneet ylivelkaantuneiden euromaiden suoraa ja katteetonta...
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PHILOSOPHY - The Current Financial Crisis Is A...
This crisis is not only about euro zone. It is a crisis of values. It is a crisis of the capitalist ideology gone wrong, horribly bad.
Sadly there seem to be no more that many heroes one could admire in the world of modern finance. Only too many Gordon Gekkos. Too many people who think they’re so superior they can play above any and all rules and still be bailed out every time.
I have...
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INVESTMENT - 11-11 - Bear - Banks Preparing For...
NY Times writes about investment banks preparing for breakup of Euro:
…Banks including Merrill Lynch, Barclays Capital and Nomura issued a cascade of reports this week examining the likelihood of a breakup of the euro zone.
Read it all here
Daily Telegraph reports of Brittish Foreign Office warning its diplomats of potential public unrest:
…Diplomats are preparing to help...
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POLITIIKKA - Mauno Koiviston Epäonnistunut...
Koittaakohan koskaan aika jolloin on opittu nyt käsillä olevasta eurokriisistä sekä nk. “Suomen Vahvan Markan” kaudesta ja sitä seuranneen kaoottisen kauden virheestä jonka pääarkkitehtinä toimi silloinen presidentti Mauno Koivisto.
Suomen 90-luvun lama syntyi täsmälleen samoin kuin nyt on syntynyt eurokriisi:
1980-luvun talouspolitiikka oli laman eräs taustatekijä. 1980-luvulla...
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POLITICS - 11-11 - Bear - The Economist: Is This...
This particularily:
…Europe’s policymakers seem unable or unwilling to be bold enough. The much-ballyhooed leveraging of the euro-zone rescue fund agreed on in October is going nowhere. Euro-zone leaders have become adept at talking up grand long-term plans to safeguard their currency—more intrusive fiscal supervision, new treaties to advance political integration. But they offer...
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MY POLITICAL INSIGHT - How To Correctly Balance ...
The grim truth of the failure of capitalism as it is known today is becoming frighteningly clear day by day to pretty much the whole western world. Do not get me wrong. I am not becoming a socialist. That approach was shown a total failure by the collapse of the Soviet Union and countries alike. I think we should however put all efforts into finding a more balanced approach to the currently...
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INVESTMENT - 11-11 - Bull - The 17 Hottest...
from Business Insider:
Using data culled from Bloomberg and the CIA World Factbook, we compiled a list of 17 countries with annualized growth above 6%.
Read more here
Top 10:
Singapore
Indonesia
Lithuania
Peru
Ukraine
Kazakhstan
India
Estonia
Sri Lanka
+8 more listed
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VISION - Europe 2021
Niall Ferguson has written a visionary blog about what Europe will look like in 2021. According to him Euro will survive as will all of us :) Let us hope so, which ever way this goes.
This part might interest us Scandinavians:
Another thing no one had anticipated in 2011 was developments in Scandinavia. Inspired by the True Finns in Helsinki, the Swedes and Danes—who had never joined the...
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LADIES SPECIAL - These European Cities Offer The...
Sofia
Bratislava
Bucharest
Kiev
Belgrade
Budapest
Lisbon
Athens
+12 more :)
Check them out here
The Globe Shopper Index ranks major European cities for their shopping prowess based on a multitude of factors relating to their shops, convenience, hotels, transport, culture and climate.
At the top of the list are the usual suspect: London, Paris, Barcelona, Rome, Madrid. But, the...
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POLITICS - Here's What Europe Can & Should Learn...
The story from Business Insider in a nutshell
In 2008, Iceland’s banks became insolvent. Three (3) years ago.
Negligent practices by the banks were blamed for the failures
Instead of financing the banks with taxpayer money, Iceland let its banks default
Icelandic voters refused to let Iceland repay its foreign debts
And in the process, angered the UK and the Netherlands
Despite this,...
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POLITICS - Economist: Europe Against People
A very valid article from the Economist:
Efforts to save the euro cannot run against the will of the voters indefinitely…
…Sooner or later, citizens must be asked. Without their support, no reform can last…
Read it all here
I couldn’t agree more. Practically anyone I know personally is against the current manouvers. Mainly because the apparently undemocratic decision...
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INVESTMENT - 11-11 - Bear - Eurozone Remains...
No matter what happened in Italy. No matter what the eurocrats keep telling us the fact is that a structural problem still exists in EU and it wont go away by bailing out banks.
from Business Insinder:
Where Can I Find €3 Trillion?
First, for the record, the European issue is not a crisis of confidence, as Merkel and Sarkozy, et al., keep telling us. It is structural. And until the...
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A Greek Debt Restructuring :D
A rich tourist arrives at a small town hotel in Greece. He puts a 100 euro note on the reception desk and goes to have alook at the rooms…
The hotel manager immediately takes the note and goes off to pay his debt to the local butcher. The butcher then goes to the local farmer and pays his debt with the same note. The farmer picks the note, walks to the local gas station and pays his debt...
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It's teh Law - All Kinds of Laws :D
Law of Mechanical Repair - After your hands become coated with grease, your nose will begin to itch and you’ll have to pee. AA Law of Gravity - Any tool, nut, bolt, screw, when dropped, will roll to the least accessible corner. AA Law of Probability - The probability of being watched is directly proportional to the stupidity of your act. Law of Random Numbers - If you dial a wrong...
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INVESTMENT - 11-11 - Bear - Euro Crisis, the...
From Wikipedia:
Tulip mania or tulipomania (Dutch names include: tulpenmanie, tulpomanie, tulpenwoede, tulpengekte and bollengekte) was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and then suddenly collapsed.[2] At the peak of tulip mania, in February 1637, some single tulip bulbs sold for more...
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INVESTMENT - 11-11 - Bear - Goldman Sachs On The...
from Business Insider:
…Given fragile market sentiment and the perceived lack of delivery by the Italian authorities thus far, tensions in the BTP market are likely to persist. In the short term, these will continue to be contained by the ECB. As said above, we strongly doubt the ECB will force yields down pro-actively, but rather continue preventing discontinuities in the price...
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POLITIIKKA - Mitä maksaa Suomelle pahimmillaan jos...
Keskeistä lienee realistisesti yrittää hahmottaa kuinka suuret bruttomääräiset sijoitukset jäävät saamatta
Pahimpana mahdollisena skenaariona on nyt kriisiytyneidenen euromaiden maksulama.
Oma näkemyseni on nykytietojen perusteella, että vakavan, totaalisen maksulaman uhreiksi voivat ajautua seuraavat maat, joista Suomen rahoitussektorilla oli 2010 lopulla bruttomääräisesti saatavia (lähde:...
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POLITICS - Completely Lost Ethics vs Collective...
One thing that we should try to remember is that the current crisis situation has been 99,9999…% caused by a really small lot of extremely greedy people. Allthough not about the EU crisis, the documentary Inside Job explains in a very eye opening way how badly twisted the current western capitalist system is. Unfortunately. It’s really not at all better than the red ideology...
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VISION - Europe At War 2018
Daily Mail:
As Merkel says euro meltdown could endanger peace, a historian’s imagination runs riot… German troops storm Greece. Putin’s tanks crush Latvia. France humbles the British Army. Unlikely, yes …
Read it all here
My presonal insight: I don’t think extensive rioting is all that unprobable if Euro collapses. Which will in my opinnion happen no matter...
