Understanding how money is created provides a foundation for appreciating the implications of our massive levels of debt, because it tells us how that debt came into being. As John Kenneth Galbraith once said, “The process by which money is created is so simple, the mind is repelled.” Dr. Martenson walks us through this simple […]
1. MORE MONEY in the economy –>> MORE DEPT Problem is : But a damaged banking system means that today banks aren’t creating enough money. W have to do it for them Sir Mervy King, GOvernor of the Bank of Enland. 2. LESS DEPT –>> LESS MONEY n the economy When people […]
The financial crisis of 2007/08 occurred because we failed to constrain the private financial system’s creation of private credit and money. Lord Adait Turner, Chairman of the Financial Sevices Auhority
By far the largest role in creating broad money is played by the banking sector…..Whan banks make loans they created additional deposits for those that borroxed the money. Bank of England
The essence of the monetary system is the creation of monye, out of nothing, by private bank’s often foolish lending. Mertin Wolf, Financial Times, 9th Nov 2012
Using Visual Recognition to Tap into the Consumer Mind-set Paul Dunay, gyro Marketers have been trying to capture that magic moment when a potential consumer is actually looking to interact with their brand. Back in the day, we had to rely on “inferred interests” gathered from demographics, psychographics and other data to estimate what segments might […]
Carrefour in Turkey: not so supermarket Mar 25, 2013 4:46pm by David O’Byrne A long-running spat between Turkey’s Sabanci and retail partner Carrefour has taken another downward turn: Haluk Dincer, head of Sabanci Retail and Insurance, says the group has lost patience with its French counterpart and that if it can’t get what it wants, […]
ISTANBUL—Turkey’s rate of economic growth slowed sharply to 2.2% in 2012, the Turkish statistics agency said, as weak domestic demand and spillover from the European debt crisis took its toll after two years of rapid expansion that rivaled China. Turkish Economy Minister Zafer Caglayan delivers a speech in Madrid on Nov. 27, 2012. According to […]
Turkey makes great strides with Islamic banking April 1, 2013 By Kazi Mahmood KUALA LUMPUR: The Turkish Islamic banking and finance sector commands a 5% to 6% of the nation’s overall banking assets, much lower compared to Malaysia’s 20% or US$65.6 billion (RM202.7 billion) in assets in 2012. The secular Turkey is making great strides […]
10 M&A Mistakes to Avoid Posted April 1st, 2013 by Intronis Guest Blog Last month I shared my insight on M&As and making your business more attractive to partners of all types – investors, mergers or acquisitions – whatever path appeals to you. I’ll be honest, the process is complex, and there are more mistakes […]
By SHARON TERLEP A string of blockbuster deals to kick off 2013 invigorated the merger-and-acquisition business but didn’t convince deal makers that a global revival is under way, as activity around the globe remains muted and the U.S. market still faces challenges. Global deal volume reached $609 billion in the first quarter, up about 10% […]
From Wikipedia, the free encyclopedia The Panic of 1796–1797 was a series of downturns in Atlantic credit markets that led to broader commercial downturns in both Britain and the United States. In the U.S., problems first emerged when a land speculation bubble burst in 1796. The crisis deepened when the Bank of Englandsuspended specie payments on February 25, 1797 under the Bank […]
Credit crisis of 1772 source: wikipedia The Credit Crisis of 1772 originated in London and then spread to other parts of Europe, such as Scotland and Netherlands. Before crisis From the mid 1760s to the early 1770s, the credit boom, supported by merchants and bankers, facilitated the expansion of manufacturing, mining and internal improvements in both […]
South Sea Bubble The Governor and Company of the merchants of Great Britain, trading to the South Seas and other parts of America, and for the encouragement of fishing, commonly called the South Sea Company,[1] was a British joint-stock company founded in 1711, created as a public-private partnership to consolidate and reduce the cost of national debt. The company […]
Tulip mania was a period in the Dutch Golden Age during which contract prices for bulbs of the recently introduced tulip reached extraordinarily high levels and suddenly collapsed. At the peak of tulip mania, in February 1637, some single tulip bulbs sold for more than 10 times the annual income of a skilled craftsman. It […]
The Crash of the European Financial System in 1345 Florentine banking family. By 1310 they were the wealthiest family in Florence. They and the other two leading family banks, the Peruzzi and the Acciaiuoli, maintained branches at locations stretching from England and the Netherlands to North Africa and the Middle East. The company’s basic operating capital belonged to the […]
source: wikipedia The Crisis of the Third Century (also “Military Anarchy” or “Imperial Crisis”) (AD 235–284) was a period in which theRoman Empire nearly collapsed under the combined pressures of invasion, civil war,plague, and economic depression. The Crisis began with theassassination of Emperor Alexander Severus at the hands of his own troops. By 258–260, the Empire split into three competing states: the Gallic Empire, including the Roman […]
Economic liberalism, also known as fiscal liberalism, is the ideological belief in organizing the economy on individualist lines, meaning that the greatest possible number of economic decisions are made by individuals and not by collective institutions or organizations.[1] It includes a spectrum of different economic policies, but it is always based on strong support for […]
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Quantitative easing (QE) is an unconventional monetary policy used by central banks to stimulate the national economy when monetary policy has become ineffective. A central bank implements quantitative easing by buying financial assets from commercial banks and other private institutions, thus creating money and injecting a pre-determined quantity of money into the economy. This is […]
As a fund manager, you manage a portfolio as an investor.We don’t have to persuade people to do things; we do things ourselves. We are investors rather than advisors. Mark Burgess, Chief investment officer THREADNEEDLE
26/03/2013 – New data show that across OECD countries the average tax and social security burden on employment incomes increased by 0.1 of a percentage point to 35.6 per cent in 2012. It increased in 19 out of 34 countries, fell in 14, and remained unchanged in 1. The increases were largest in […]
Global economy is improving but Europe lags behind, says OECD 28/03/2013 – Global economic activity is picking up, but the continuing crisis in the euro area is delaying a meaningful recovery, the OECD said in its latest Interim Economic Assessment. The Assessment, presented in Paris by Chief Economist Pier Carlo Padoan, says that the G7 […]
Zaman – Credit rating agency Standard&Poor’s (S&P) has raised Turkey’s sovereign credit rating to ‘BB+’, up from ‘BB’, one notch below the investment grade. The statement from S&P on the rating upgrade said that the Turkish economy was finding its balance without hindering its strong fiscal performance. “Turkey’s floating exchange rate regime, cautious limits […]
M&As in Turkey double in volume in 2012 17.01.2013 Dünya – Mergers and acquisitions (M&A) in Turkey last year heightened sharply to reach USD 23.2 billion in volume, according to a report by global consultancy firm Ernst & Young’s (E&Y) Turkey office. M&A operations’ total worth hit USD 30 billion when transactions with undisclosed deal […]
Allianz invests EUR 684 million in Turkish insurance market 29.03.2013 Sabah – Germany’s Allianz has boosted its presence in the Turkish insurance market with the acquisition of 93.9 percent shares of Yapi Kredi Sigorta, the insurance arm of Turkish-Italian partnered Yapi Kredi Bank, for TRY 1.6 billion (Approx. EUR 684 million), becoming the top supplier […]
It’s somewhat of an art to reach an agreement on price and terms. The ability to understand very quickly the motivations of the different stakeholders and the softer issues involved in transactions is a critical skill. Keith Magnus, Chairman and Head of investment banking, Singapore & Malaysia UBS.
WHAT is the European sovereign dept crisis ? European Sovereign Debt Crisis is an unstable situation in which the 17-nation euro zone will not be able to pay the entire debt obligation. It began in Greece in 2009, and has spread to Portugal, Ireland, Italy, Spain, threatening to push Europe into recession. WHY did the […]
SWAP agreement exemple Company A, pays to a lender a variable interest rate (nominal $1M) every period (LIBOR+2%). Ex: in period 1, if LIBORis 5%, Company A pays 7% or $70k to the lender in that period. In period 2, if Libor goes down to 4%, Company A pays 6% or $60k in interest. LIBOR: […]
Analysts must have an internal drive to always be asking “Why ?” and “Is that the complete picture ? ” – “Is there another approach to be considered ?” ROB ROUSE DEPUTY HEAD OF US EQUITY RESEARCH BARCLAYS
U.S. stock indexes pause after record run U.S. stocks veer between small gains and losses on Tuesday following a seven-session winning run that had the Dow Jones Industrial Average closing at another all-time high. NEW YORK (MarketWatch) — U.S. stocks were little changed on Tuesday following a seven-session winning run that had the Dow Jones […]
U.K. Loses Top Aaa Rating From Moody’s as Growth Weakens Britain lost its top credit rating by Moody’s Investors Service, which cited the continuing weakness in the nation’s growth outlook and the challenges that presents to the government’s fiscal consolidation program. The rating on the U.K. was lowered one level to Aa1 from Aaa and […]
Comparaison des ETF par rapport à leurs modes de réplication est-il juste ? Dans les années 2007-2008, suite à la crise du crédit les investisseurs se méfient de plus en plus des produits utilisant des dérivés. Les ETF synthétiques utilisant des swaps sont considérés comme les investissements risqués. Les ETF synthétique qui ont reconnu un succès […]
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