Seeking Alpha

Vienna's  Instablog

Vienna
3 Followers
7 Following
Send Message
I have been working in fields of technical consulting and for a large CEE investment company. I have worked in USA, many European countries, South Africa and China. I have studied at the technical university of Vienna, attended the Xetra platform trading course and have a ISO9000 auditor... More
My company:
Mezako
  • Madoff and its marketing arm Bank Medici in Austria - Primeo Fund

     

    Austrian Bank Medici has opened the Primeo fund, please read on.
    Below is the link to the German text of the current enquiry to Bank Austria and Bank Medici.
    I personally have been in the Bank, and I can now say, everything was presented in a 100% perfect way, with gold inlays etc.
    Bank Medici in Vienna was the marketing arm of Madoff, and has placed more than 3,5 billion into the Madoff scheme (some say far more). Owner, Sonja Kohn says she did not know of the scheme, although she founded the marketing arm with Madoff in 1980.
    Many of the investors are Russian, so the residence of Sonja Kohn apparently is concealed.
    You might state that she did not know all this, and this could happen, but one other thing is striking.
    A Bank Austria (ownes 20% of Bank Medici) fund opened, the primeo fund, even published a brochure stating where it will, or is placing the money. With the fall of Madoff it was revealed that all 300 mio € where completely parked with Madoff.
     For your reference here is a webpage of a friend of mine how he is suing Bank Austria for making false statements. This page has good traffic in Austria. Please contact them if you have questions.
    Jul 04 10:12 AM | Link | Comment!
  • US versus EU exports - rethinking

    To get more insight into the everlasting discussion about how Eu countries exports are so much higher than those of the US, I would first like to state the fact, that the US has a higher value per capita export than the EU countries.

    How can I say this, if we all seem to know that Germany is the export world champion?
     
    You need to compare apples to apples.
     
    The US does not present trade within their states – e.g. California to NY, or Ohio to Texas, they only present external trade out of the US.
    If we now neglect inner European trade, and only focus on the external EU trade, which is comparable to the US trade statistic, our external trade is lower than that of the us.
     
    Look at individual countries, and then find the EU statistic below the US statistic.
     
     
    Interesting in this aspect is, that many countries, especially the US that stating a major decline in Germany due to their high exports, but look at the exports per capita of other countries, and how this will affect them, probably much harder than Germany.
     
    If you then try to find China far way below, and consider that these are nominal values, I wonder how they should make up for the lost US consumer, as has been stated in a few articles.
     
    Remark: Do not forget to differentiate between nominal values, PPP values and per capita values; if you compare US, compare it with EU, or you can start comparing Luxemburg to New York, makes a great story with great numbers.

    Disclosure: No stocks

    Jul 04 7:09 AM | Link | 1 Comment
  • EU vote in Austria, move to multi-party election

    The EU vote for candidates in the Eu parlament has clearly shown, that Austria is moving away from a 2 party system.

    • The red can be compared to the democrates
    • the black to the republicans
    • Martin is an idenpendant fighter against EU dictatorship and lobbying
    • Greens
    • FPÖ and BZÖ are right wing

     

    Jun 07 12:23 PM | Link | Comment!
Full index of posts »
Latest Followers

Latest Comments


Most Commented
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.