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Posts by "boli mekura"
234 Posts Total by "boli mekura":
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Posts by Anonymous "boli mekura":
said, my friend, by the way have you seen the movie Krach? it is a nice french movie, way better than Wall Street 2.
"Of course if there are protesters in Ryad.... then its all wrong."
Nice one, Cat, I have to admit.
One can make a point that China's pro inflation and pro growth policies, fuel inflation worldwide, food prices increase, which in turn is a reason for the protests in Magreb and Middle East. So at the end of the days China could be the reason for reform in Magreb and Middle East. China's leaders should receive a nobel price for DEMOCRACY.
So combine the below news with the estimate of US Treasury Secretary Timothy Geithner that the US Treasury "will run out of borrowing authority sometime between March 31 and May 16. and at that point, the government could default on some loans." and decide for yourself: Is the euro so bad vs. the dollar. Really?
(Reuters) - Senior European leaders are negotiating an overhaul of the euro zone's 440 billion-euro ($599.1 billion) rescue fund in exchange for new austerity measures and closer surveillance on struggling states, a newspaper report said on Monday.
The Financial Times, citing unnamed government sources involved in the talks, said leaders are considering "enhanced surveillance" of Spain and Portugal rather than assistance, which would give a European Union stamp of approval on proposed reforms.
"The EU should not try to impose a program on any country," Olli Rehn, the EU's economic and monetary affairs commissioner, told the FT in an interview.
"Spain is taking very bold and profound measures."
:)) Will you share some of your vol profile charts? TIA
Reuters: Treasury Secretary Timothy Geithner has estimated that unless Congress acts to increase the debt ceiling, his agency will run out of borrowing authority sometime between March 31 and May 16.
At that point, the government could default on some loans.
Currency War Emerges at Davos
By AP / FRANK JORDANS and MATT MOORE
(DAVOS, Switzerland) A fight is looming between rich and poor countries over the value of the dollar and other key currencies, as governments use monetary tricks to boost their national recovery at the expense of other nations, political and business leaders warned Saturday.
Washington has been leaning hard on Beijing to allow the Chinese renminbi to rise, saying it is being kept artificially cheap to maintain China's cheap labor advantage. (Can currency devaluation help save some world economies?)
At the same time the United States, Britain and others have encouraged their central banks to pump money into the system as a means of stimulating the economy.
"We are going to see the recovery of nationalism and protectionism, I think we're going to face some type of currency war," said Jose Sergio Gabrielli de Azevedo, president and CEO of Brazilian oil giant Petrobras. "The U.S. is going to try to use weak dollar policy to help recovery in the U.S., and Brazil, India are not going to accept that and will fight back, and then we're going to see some struggle and conflicts," he said.
His words echoed concerns expressed by many participants of the World Economic Forum in Davos, Switzerland, this week, where ways to maintain the fragile global recovery and risks to it are being hotly debated.
Ministers for Germany and France said the euro, and the 17 countries that use it, should be not be short changed by financial markets and that any future shocks to the common currency were unlikely. "I think the euro will be stable," German Finance Minister Wolfgang Schaeuble said....
More: http://www.time.com/time/printout/0,8816,2045113,00.html
GL