Mario Draghi, unfortunately the President of the ECB, tried to get Germany on his side as he visited the Bundestag, the German parliament. Germany, viewed as the Eurozone’s paymaster, is not exactly happy about Super Mario’s unlimited bond buying idiocy he vowed in order to what he thinks save the Eurozone debt contagion. Germany’s deputy finance minister Kampeter said in an interview that the primary concern for Germans is inflation. It is sad that someone like Kampeter is employed in the finance ministry as he clearly no...
Israel and the terrorist organization Hamas have agreed to a ceasefire which will start at 2100 hours local time. The cease fire was brokered by Islamist leaders from Egypt who met with both sides, but are more loyal to Hamas then to Israel while Egypt will do as much as it can in order to respect and execute the peace treaty it has with Israel after the Six Day War. Egypt Foreign Minister Amr as well as Secretary of State Clinton announced the cease fire in Cairo and Israel said it would give it a chance. Chances are that Hamas will...
The U.S. is on the verge of total collapse and its dominance has faded into the background to emerging global powers. The U.S. is in its final stages of survival and more and more sophisticated outlets ignore threats made by the U.S. There is one exception; global banks. The U.S. continues to lose revenue as tax receipts are under pressure due to the multi-year recession which started in 2008. Personal tax receipts are being battered by constant high unemployment and policies designed to keep money out of the pockets of consumers. That...
It is not a big secret that roughly 70% of our planet is covered in water. The problem is that only an estimated 2.5% is freshwater and what makes it worse is that we only have an availability of 0.006%. This ladies and gentlemen brings us to one of many challenges of the 21st century. We just do not have enough global freshwater supplies to maintain our ever growing global population and support global economic expansion. Urbanization adds to the issues and the biggest culprit of freshwater use as well as abuse is the agricultural sector...
Hedge funds have had a tough year as the majority of smart money is poised for the correction next year and sat out the 14% rally of the S&P 500. The average hedge fund only managed a 6% return while the average large cap mutual fund returned 13%. Mutual funds are managed by unprofessional professionals and over the past decades got used to the fact that they are late to every party. This year they have reason to celebrate the fact that their best managers were able to outperform the average hedge fund manager. 13% of hedge funds have...
