That’s the trouble with the kick-the-can-down-the-road approach to debt. You end up down the road; and there’s the can!
Quelle: Debt Is a Bummer
Sonntag, 24. Juli 2011
That’s the trouble with the kick-the-can-down-the-road approach to debt. You end up down the road; and there’s the can!
Quelle: Debt Is a Bummer
Tags: EU, Griechenland, Schuldenkrise, Zitat
Labels: USA, Wirtschaft
Sonntag, 24. Juli 2011
As one example of its success, Apple turned its tablet into a $6 billion business in the quarter. That is twice as big as Dell’s entire consumer PC business.
Quelle: Apple Reports Strong Results, Topping Expectations – NYTimes.com
Und das mit einem Produkt, das es erst seit 1.5 Jahren gibt. Wahnsinn. Ich bin Zeuge einer (weiteren) Computerrevolution.
Tags: Dell, iPad, Profit
Labels: Apple, Wirtschaft
Mittwoch, 22. Juni 2011
Greece, a small country with a small GDP and no oil…whose strategic export is olives…and whose last real military victory was the Battle of Jhelum in 326 BC, in which Alexander the Great defeated an Indian Rajah named Porus. […] If they’d let Greece go broke 3 years ago, the problem would be behind us instead of in front of us.
Quelle: Embracing Catastrophe: Why You Shouldn’t Fear the Markets’ Next “Lehman Moment”
Anmerkung am Rande: Alexander der Grosse war Mazedonier.
Tags: EU, Euro, Finanzkrise, Griechenland, PIGS, PIIGS, Schuldenkrise
Labels: Wirtschaft
Mittwoch, 22. Juni 2011
the State, as a borrower, has a nearly inexhaustible form of collateral: the taxpayer. It’s the taxpayer that guarantees interest payments on government debt will always be met, and principal always repaid.
Quelle: The Big Fall Harder
Tags: EU, Euro, Finanzkrise, Griechenland, Irland, PIGS, PIIGS, Portugal, Schuldenkrise, Spanien
Labels: Wirtschaft
Sonntag, 19. Juni 2011
As we alluded to above, politicians and civil servants love to get in on the action too. In the US, this took the form of making the ‘American Dream’ an American reality. What they got was a nightmare. Massive mortgage companies were set up and backed by the government to create artificial demand for mortgages. Banks were required to lend to sub-prime borrowers by legislation. Central banks kept interest rates low. And homebuilders had a field day.
Quelle: The Baby Boom Bust Cycle
Tags: Finanzkrise
Labels: USA, Wirtschaft
Freitag, 17. Juni 2011
[Greece:] Unemployment is around 20%. People dodge taxes. Government workers don’t show up for work. Households spend too much. And the government is going into debt so deeply and so rapidly it can’t possibly get out.
Hey… It’s just like the US!
Quelle: The Likelihood of a US Default
Tags: Griechenland
Labels: USA, Wirtschaft
Freitag, 17. Juni 2011
Globalisation led to lower prices for consumer goods. That offset the sting of lower wage growth; the result of losing all those high-wage, highly skilled manufacturing jobs. In simpler terms, the average salary may not have gone up much in real terms over the last 30 years, but cheap imports from Asia made up part of the difference.
Tags: China
Labels: Arbeit, Gesellschaft, Wirtschaft
Donnerstag, 2. Juni 2011
Despite the GOP’s reputation as the party of the rich, House Republicans fared worse than their Democratic colleagues when it comes to investing, according to the study. The Democratic subsample of lawmakers beat the market by 73 basis points per month, or 9 percent annually, versus 18 basis points per month, or 2 percent annually, for the Republican sample.
Quelle: House members in the know score \’abnormal\‘ stock profits, study says – Washington Times
Labels: Politik, USA, Wirtschaft
Dienstag, 24. Mai 2011
Offenbar nicht die Eigentumswohnung oder das Auto. Nein, die Waschmaschine:
Demographic researcher Hans Rosling has called the washing machine the greatest invention in the history of the Industrial Revolution. It liberated homemakers from boiling water and washing clothes. For women around the world, it makes the difference between poverty and prosperity.
Quelle: The Attack on the Washing Machine
Ich kann mich aber an eine Vorlesungsstunde bei Prof. em. Dr. Christian Pfister erinnern, in welcher er postulierte, dass mit der Einführung der Waschmaschine das Kleiderwaschen vollständig den (Haus)frauen übertragen wurde. Vorher halfen alle Mitglieder des Haushaltes beim Waschen mit.
Tags: Entwicklungsländer, Geschichte, Reichtum
Labels: Wirtschaft, Wissenschaft
Donnerstag, 12. Mai 2011
Just yesterday, Goldman Sachs revealed its traders managed to make money every trading day except one in the last quarter. Any independent trader not privy to inside information or with a high-frequency trading platform, or whatever it’s called, would say that’s impossible.
Quelle: Where Next for Commodities?
… und das alles mit billigem Geld, dass den US-Banken von der Fed nachgeworfen wird.
Tags: Banken
Labels: USA, Wirtschaft