Whereas 2008-09 was a period when the developed world leaders were scrabbling around for politically acceptable measures about mopping up the mess left behind by years of weak regulation, poor management and reckless lending by banks and financial institutions, 2010 was a year in which the consequence of years of over-leverage started to be felt on national balance sheets.
In January, it seemed that few lessons had been learned from the most destructive financial crisis since the 1930s.
We’re hunkered down wearing our hard hat writing this, since the writs are bound to be flying shortly. New York Times writer Louise Story has apparently taken the lid off a regular (“third Wednesday of every month”) meeting of nine top bankers, hosted by one of the new derivatives clearing houses, ICE.
When the iPhone4 antenna problems were first reported by customers, Apple was taken by surprise. After all, their products are “magical.” Each is better than the last. In design and features, Apple keeps outdoing itself.
In this final part we look at two major reports on China, the World Bank’s latest quarterly report (WBQR) on the major economic trends in China, and CSLA’s predictions for China in 2011.
One of the key reasons why some fund managers are starting to bet against China is that food prices across the country have surged by between 20% and 35% through 2010, although overall measures of inflation are still modest.
The investment world always holds a handful of contrarians, those who, seeing the markets surging in one direction absolutely have to go short in the sincere and certain belief that what goes up, must come down. It stands to reason then, that there will be those who find the idea of betting heavily against the world’s biggest growth engine absolutely irresistible.
Islamic finance has been in vogue in recent years, with Sharia-compliant products being widely introduced by many of the world’s largest banks and financial institutions. HSBC even has its own Islamic finance portal, HSBC Amanah.
On December 15, a few days after this blog was penned, a judge appointed by the Kremlin and sitting alone is expected to pronounce a verdict in the second trial of Mikhail Khodorkovsky and Platon Lebedev, the former directors of the one time flagship Russian company Yukos Oil.
There are a number of reasons why the eurozone might disintegrate and many of them are historical. First, is the way the currency bloc was originally constructed – as a currency union that lacked either an economic or a fiscal union (by the way, I am not aware of any previous currency unions lasting very long without being reinforced by the other two, but correct me if I'm wrong).