Hallo,
ich habe da zufällig einen interessanten Artikel gefunden, den ich gerne mit euch teilen bzw.
zur Diskussion stellen möchte. Der Artikel scheint hier noch nicht erwähnt worden zu sein.
Help! How do I read global financial markets?
Hier einige der wichtigsten Passagen:
Dollar up, Yen down, Euro getting stronger against dollar by the day provided the EU stays, Yuan
long term up, gold up, crude uncertain, interest rates up or may be not, so with bonds, stocks
(known for their lift-like movements historically now looks like a spacecraft searching for elements
beyond the universe, more so in emerging markets), housing down in US but up again in emerging
markets as Mumbai tries to catch up with Manhattan, economy up, inflation risks remain,
e-currency, paper gold [...]
Oh, yeah! I get it.
We are trying to make sense of crazy global financial markets in some Martian language. Mind
boggling in the truest sense!
Can someone truly tell me what's happening in global financial markets? Where to start and how to
proceed? Or is it an illusion with all floating monetary measures in an interwoven world? Without
having any investments in gold or being bitten by 'gold-bug', in terms of simplicity, the gold-pegged
economy was easier to understand.
How easy was my economy in those old gold days that Keynes termed as 'the barbaric relic'?
There was not much complexity in understanding the theories of Nobel laureates in Economics.
[...]
The stupid man inside a few of us is not satisfied. He says, Get to the root. Try to understand the
balance sheet of the world.
But where does one start, how to start, and what are the assets and what are the liabilities?
Overall cumulative US debt - government, corporate, retail combined - is more than $50 trillion,
more than the size of the global economy in nominal terms. (Can't help but suggest a very good but
long narrative article in this context titled "I Want The Earth Plus 5%", which many may know of.)
[...]
So how and when does one pay back? Conventional wisdom suggests payback is not possible.
Increasingly one gets lost between theories and conspiracy theories and doomsayers' theories.
[...]
The global economy seems to be heating up all over with alarming signs of imbalances with real
money (goods and services) flowing from poor nations to rich nations against credit money. We
don't know whom to believe - the official versions or the conspiracy theories who now claim that
there doesn't exist an iota of chance of Governments, in most major economies, paying back its
debt. We know Governments lie, not always but it's hard to find a single Government anywhere in
this world who didn't lie to its people knowingly.
[...]
Bernanke has attempted some plain speaking in the US congress, unlike his predecessor, the
legendary Greenspan, who was not understood by most. We hope someone attempts doing that to
global citizens before the inflated bubble in which many of us are having our joyride from
unprecedented highs without our parachutes on, bursts up in the sky.
Frohes Lesen und diskutieren