Global Economy

 

GLOBAL  ECONOMY




Russia Discovers Massive Arctic Oil Field Which May Be Larger Than Gulf Of Mexico

In a dramatic stroke of luck for the Kremlin, this morning there is hardly a person in the world who is happier than Russian president Vladimir Putin because overnight state-run run OAO Rosneft announced it has discovered what may be a treasure trove of black oil, one which could boost Russia’s coffers by hundreds of billions if not more, when a vast pool of crude was discovered in the Kara Sea region of the Arctic Ocean, showing the region has the potential to become one of the world’s most important crude-producing areas, arguably bigger than the Gulf Of Mexico. The announcement was made by Igor Sechin, Rosneft’s chief executive officer, who spent two days sailing on a Russian research ship to the drilling rig where the find was unveiled today.




Peak Debt – Why The Keynesian Money Printers Are Done

Self-evidently, all the major economies are saturated with debt. Accordingly, central bank balance sheet expansion has lost its Keynesian magic entirely. Now the great sea of freshly minted liquidity simply fuels the carry trades as gamblers everywhere load up with any asset that generates a yield or short-run capital gain, and fund these bloated positions with cheap options and repo style finance. But here’s the obvious thing. Central banks can’t normalize interest rates – that is, allow the money markets to rise off the zero-bound – without triggering a violent unwind of the carry trades on which today’s massive asset inflation is built. On the other hand, they can no longer stimulate GDP growth, either, because the credit expansion channel to the main street economy of households and business is blocked by the reality of peak debt. Yes, the era of Keynesian money printing is over and done. But don’t wait for the small lady at the Fed to sing, eithe




Alibaba Group Raises $21.8 Billion in Record U.S. IPO

Full ArticleYahoo Daily News

19 Sep 2014

Alibaba Group Holding Ltd., the e-commerce company started in 1999 with $60,000cobbled together by Jack Ma, cemented its status as a symbol of China’s economic emergence by raising $21.8 billion in a U.S. initial public offering. The company and shareholders including Yahoo! Inc. (YHOO) sold 320.1 million shares for $68 each, according to a

Alibaba IPO



What the IPO means for West……

  10 Responses to “Global Economy”

  1. Swiss Bank Accounts .—April. —–2014.

    Is your monies safe in these accounts —- definitely NOT.
    Would you get your money back if every body decided to withdraw all their accounts – NO WAY.
    Economic Experts say that there would only enough money to repay 50% of their clients.
    Are you going to be in the 50% — that loose your money.– Get it out NOW.

    2012 — – June. — Published in Anglo INFO .Geneva.— USA Trust Fund Investors were sent false and fraudulent documents by Pictet Bank.Switzerland. in order to collect large fees. ( Like MADOFF) —Even after the SEC in the USA uncovered the fraud Pictet continued to charge fees and drain whatever was left in these accounts. Estimated that $90,000,000 million lost in this Pictet Ponzi scheme.

    2012 – – – July. — De – Spiegel. — states – Pictet Bank uses a letterbox company in
    Panama and a tax loophole involving investments in London to gain
    German millionaires as clients.

    2012 – – – August —- German Opposition Leader accuses Swiss Banks of “organised crime.”

    All the fines that crooked Swiss banks have incurred in the last few years exceeds £75.Billion.
    It is also calculated that the secrecy ” agreements” with regards to tax evation by their clients will cost the banks another £450 Billion.( paid out of your monies.)

    The banks are panicking — the are quickly restructuring their banks —- from partnerships —
    to ” LIMITED COMPANIES.” —– this will probably mean that in the future — they could
    pay you only 10% of your monies ” if you are one of the lucky ones” —- and it be legal.

  2. Bonjour ! Ton message est fort instructif. Merci pour le partage.

  3. Hello. splendid job. I did not anticipate this. This is a remarkable story. Thanks!

  4. It’s nearly impossible to find knowledgeable people in this particular subject, however, you seem like you know what you’re talking about! Thanks

  5. Fantastic blog! Great!

  6. I actually cannot thank you enough for the blog.Many thanks Again. Keep on writing.

  7. I was studying some of your articles on this website and I think this web site is very informative ! Keep posting .

  8. Only a smiling visitor here to share the love, outstanding design .

  9. Thank you for all of the effort on this blog

  10. You can definitely see your expertise within the work you write. The arena hopes for more passionate writers like you who aren’t afraid to mention how they believe. At all times go after your heart.

 Leave a Reply

(required)

(required)

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>