The book of Portuguese economist Joao Ferreira "Why We Should Leave the Euro" became a bestseller in Portugal. This is an unprecedented success for the Portuguese market: the book of Ferreira was able to beat by popularity both the traditionally popular books on weight loss and highly popular romance novel "50 Shades of Gray." There were sold about seven thousand copies of Ferreira’s book. This is a very impressive number for Portugal. The book has already helped to start a debate in the press and on television...
The Organization for Economic Cooperation and Development (OECD) lowered its forecast for growth in the Russian economy in 2013 up to 2.3% compared with expected 3.8%. Russia's GDP growth forecast for 2014 was lowered from 4.1% to 3.6%, according to the OECD report on the global economic forecast. The rate of growth of the Russian economy has declined in the second half of 2012 and an unfavorable situation remained with the disappointing performance of industrial production, investment, exports and retail trade, says the OECD. Although...
“Experience taught me that experts are wrong most of the time. The reason for my success in the financial markets is the fact that I see the world from another point of view.” – Jim Rogers Jim B. Rogers was born in October 19, 1942 (Baltimore, Maryland, USA, though he was raised in Demopolis, Alabama). He first experienced business at a tender age of 5 when he sold peanuts and empty bottles left by some sports fans. When he graduated in History from Yale University in 1964, he worked at Dominick & Dominick...
As reported by the U.S. Federal Reserve’s leadership this week, it is expected that the situation in the labor market will improve a bit faster than expected. Central finance institution will continue to stimulate the growth of the U.S. economy, including the program under which each month it buys securities in the amount of 85 billion U.S. dollars. The last three days the members of the Board of Directors of the Federal Reserve have met in Washington, discussing economic issues and next steps. Fed Chairman Ben Bernanke evaluated the...
The Government of China had to go on the offensive on the underground banking system, which were developed in recent years. Country's central bank is trying to rein in excessive lending, which may soon get out of control. The People's Bank of China earlier this week called on private banks to stop losing billions on speculation, to adequately assess the risks and improve the quality of financial management of depositors. All this must be done to avoid panic, which can be very costly to the country’s economy. This order Chinese private...
