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wenlock00

wenlock00
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  • Will Google's Nexus Help Shares Find A Bottom? [View article]
    Regarding the Nexus 7, The camera seems a bit weak on pixels and the storage is not user upgradeable? I would need to see some more reviews before I could decide on buying the Nexus 7. Looks like it has a good quad processor though and 1gb of ram should be enough. It will be interesting to see how Amazon responds.
    Jun 28 08:04 AM | Likes Like |Link to Comment
  • SYRIZA leader Alexis Tsipras believes he can call the eurozone's bluff and renegotiate Greece's bailout terms, but officials are so far having none of it. The ECB's Patrick Honohan yesterday said a Greek exit from the euro could be "technically" managed, while Bundesbank chief Jens Weidmann threatened that the cash would stop flowing to Athens.  [View news story]
    FT is saying "Papoulias unlikely to broker deal, say analysts". Other reports also suggest the meeting with the Greek President did not go very well.The outcome looks bleak. Mr Papandreou's rejected proposal of holding a referendum on the Euro (a while back) is now starting to look like a good idea, as 70% of Greeks want to stay in the Euro, and it would have unified the people and the politicians. It is all looking a bit too late now for a positive outcome. The Politicians in Greece have really let the people down. The American congress and other country politicians should take heed and learn from the mistakes of Greece.
    May 13 07:55 AM | Likes Like |Link to Comment
  • Housing And Economy: The Road To A Slow Death Recession [View article]
    Actions are needed to get the spiral going in reverse. With automation and the application of technology, less and less people are needed. The making of the machines and technology has been outsourced to emerging markets. So have the call centres and the back office functions. We continue to make the value chain shorter and shorter. There are not many things left that have high barriers to entry that other countries can’t make by themselves - they can certainly do it a lot cheaper. Perhaps we have reached a tipping point from which a number of mature western economies might never recover. The structural changes needed in the west to compete in a globalised world will remain a difficult pill to swallow?
    May 10 06:00 AM | 3 Likes Like |Link to Comment
  • Fifty five years after the signing of the Treaty of Rome, which founded what is now the European Union, the EU increasingly finds itself on the verge of disintegration. As European politicians routinely put national interest and popularity at home first and blame the EU and the the euro for most of their countries' economic troubles, many fear it's just a matter of time before the house comes tumbling down.  [View news story]
    Subsidising contraception rather than solar power might be a better option in terms of return? :-)
    Apr 14 04:22 PM | 3 Likes Like |Link to Comment
  • Fifty five years after the signing of the Treaty of Rome, which founded what is now the European Union, the EU increasingly finds itself on the verge of disintegration. As European politicians routinely put national interest and popularity at home first and blame the EU and the the euro for most of their countries' economic troubles, many fear it's just a matter of time before the house comes tumbling down.  [View news story]
    Compared to Europe, I found some of the poverty I saw in the US quite shocking. Will we see Europeans via austerity becoming more US like, or will we see the US raising its social game? I sometimes wonder why black america does not do more for Africa for example. Perhaps part of the problem is there are just to many people in the world and they are not all really needed. Here in Europe the financial system is heavily geared to encourage people to have children, yet there are few jobs for them. Technology will further lessen the demand for labour. The future does not look bright and the politicians struggle in achiving basic compromise when radical change is probably needed.
    Apr 14 03:34 PM | Likes Like |Link to Comment
  • Germany's Dilemma And The Future Of The Eurozone: Part 2 [View article]
    Perhaps a Greek default would not be such a bad thing for them. Tourism would boom, Unemployment would drop to single digits, and leave them in a better position to compete with Turkey etc. Cultural changes take years to achieve. The Drachma route does not sound too bad. If they devalue by 25% then they will have 100% occupancy rates with cash strapped Europeans. Perhaps also a boom in the property market? 10 more years pain without any gain does not seem like a good idea. They should go for it now.
    Feb 5 08:36 AM | 2 Likes Like |Link to Comment
  • Germany's Dilemma And The Future Of The Eurozone: Part 2 [View article]
    What about the IMF being used as some sort of proxy? Could this let Merkel off the hook? She could still be a hero at home, and seen less as a 'Dictator' in wider Europe.
    Feb 3 06:25 PM | 3 Likes Like |Link to Comment
  • EU Debt Crisis: It's All Greek To Me [View article]
    Lots of little steps happening on the European front e.g. Greek bond agreement, new fiscal compact, bigger firewall etc, leaders being pushed to go for it and achieve further integration and driving new policy ultimately by brute force. Whilst courage and leadership is needed given the deep hole that has been dug by Europe’s politicians, they could be just digging a deeper hole by ignoring democratic rights. Might we see a new Arab spring in Europe as leaders further implement integration and austerity without the consent of the people? This could all turn into a ‘frying pan into the fire scenario’, damned if they do and damned if they don’t. There does not seem to be consensus over a fully integrated Europe or just a loosely coupled trading block and this is the big elephant in the room. The Euro has been a step too far on the integration front and ideology has driven its implementation rather than a sound financial framework and an appropriate governance regime.
    The Euro was intended as an integration mechanism, but it is now a force for division. Can the people of Europe continue to trust their politicians and expect them to make the right decisions on their behalf based on the current track record? Meanwhile whilst the politicians fiddle, the economy suffers and people lose their jobs. It is yet to be seen if the Troika will become remembered by history as heroes or villains. Whilst fiscal policy is important, democracy is paramount. One could also argue that Europe’s strength is its diversity and integration should only go so far.
    Jan 29 08:25 AM | 1 Like Like |Link to Comment
  • Is This The Merkel Capitulation? [View article]
    Agreed, Italy is too big to fail. Will it be the ECB or IMF to the rescue? I think that will depend on where the money comes from? If the IMF cannot raise enough capital then the ECB will need to print? Could the strategy be to get new leaders in place, with signed up austerity plans, by say Monday and then ECB starts buying bonds or offering to be lender of last resort to keep rates down? Perhaps a hybrid e.g. ECB and wealthy sovereigns lending to IMF, and IMF keeping individual European states on the austerity / pay-down debt-ball? We also have Italy attempting a bond sale on Monday? They might want to move before then?
    Nov 10 12:13 PM | 1 Like Like |Link to Comment
  • The Most Popular ETF Questions Answered [View article]
    I Just got stung by Sino-Forest as part of my ISHARES Timber holding. Just wondering if ETFs use stop-losses for their individual holdings. Of course I should have of had a stop-loss on the ETF. Also would an ETF attempt a class action suite on a constituent holding?
    Jun 21 02:18 PM | Likes Like |Link to Comment
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