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IIF Talks Its Book 8 Mar 2012 | 02:30 am
The world will come to an end if the Greek default is disorderly, warns the Institute for International Finance. Must be Purim if the bankers are trying to start a panic. Funny that the spread on Eur...
Social Media, Not Manufacturing: This Can’t Be Good 8 Mar 2012 | 02:22 am
Reinforcing the conclusions of our March 1 survey of venture capital and entrepreneurship, today’s Wall Street Journal cites a number of studies showing that US entrepreneurship is going into frothy a...
Egypt is Down to $10 Billion in Reserves, says New York Times 26 Jan 2012 | 06:31 am
It’s not often that a country of 80 million people goes belly up, but that’s what I’ve been predicting in Asia TImes for the past year. Today the New York Times reports that Egypt’s foreign exchange r...
A Negotiation, Not a Crisis in Europe — You Read It Hear First 21 Jan 2012 | 03:27 am
The Financial Times’ “Beyond Brics” blog quotes a Price Waterhouse report on China’s move into Europe: The old adage of China using the same word for crisis and opportunity may seem particularly apt ...
Roaring Good Start for Our Miners’ Trade 19 Jan 2012 | 10:13 am
Our main 2012 recommendation was to take profits on utilities and dive into basic materials, especially the mining issues that got beaten up so badly last year. The S&P miners’ subsector is up 20% yea...
Is Egypt Running Out of Money? Ask Cairo Drivers 18 Jan 2012 | 01:07 pm
Al-Ahram’s English-language edition reports enormous queues at Egyptian gas stations due to cutbacks in fuel deliveries: he fuel crisis that has swept Cairo and other Egyptian governorates appears to...
Doubts on oil 14 Jan 2012 | 05:50 am
I took profits on most of my CVX position today and bought emerging market miners on the dip; a lot of number-crunching on the integrated oil producers tells me that they are at best market performers...
Update on Italian wealth tax: the Borat Solution 13 Jan 2012 | 03:10 am
Another way to impose a de facto wealth tax is to sell off national assets to foreigners at distressed prices, for example, shares of the country’s second-largest bank to the national wealth fund of K...
A Southern European Wealth Tax Means Devaluation 13 Jan 2012 | 02:55 am
Prof. Edmund Phelps, the 2006 Nobel Laureate in economics, makes a keen observation in today’s Financial Times about the character of the Mediterranean debt crisis. In Italy, household wealth, net of...
Vikram Pandit Is on the Right Track 12 Jan 2012 | 09:35 am
Transparency in bank portfolios is the key to investor confidence; I’ve insisted all along that the chances of repeat of the 2008 Lehman disaster are slim to zero, because most of the dodgy stuff has ...
