ο γιωργακης επιασε 'κοτσους' ολους τους Ελληνες.

καλα να παθουμε, φυσικα θα εχει και συνεχεια, ο γαπ εχει αναλαβει σοβαρη εργολαβια.

Δηλαδή την αλήθεια την είπε μόνο ο Καραμανλής;

Ο χρήστης mjacob έγραψε:
προφανώς καταλαβαίνεις τι διαφορά του να το λέει κάποιος 'τρίτος' [==υπόθεση, όσο ασφαλής και να είναι] και να το λέει ένας εκ των εμπλεκομένων [==παύει να είναι υπόθεση]

Την αντιλαμβάνομαι την διαφορά μεταξύ τρίτου και εμπλεκόμενου, μόνο που σε αυτή την περίπτωση και ο 'τρίτος' μόνο με υποθέσεις δεν μιλάει. Σου λέει ότι υπήρξε δημοσίευμα ξένης εφημερίδας περί αυτής της πολιτικής που θα ακολουθούνταν στην Ελλάδα αφετέρου σου λέει για τα λεγόμενα των ομιλητών του ΠΑΣΟΚ στην βουλή περί του χρέους.

Απλά ο Στρός Κάν σου κάνει μια τυπική ομολογία της ολης ιστορίας. Τίποτα περισσότερο.

Οσοι πολιτικοι μιλουσαν για αναγκη δημοσιονομικης πειθαρχιας (Μανος,Παπαδοπουλος κ.α.) ειναι ολοι εκτος πολιτικης.
Ο κοσμος θελει να ακουει μονο ωραια και αισιοδοξα πραγματα,ειναι λογικο ως ενα βαθμό και μαλλον εξαιρετικα απιθανο να αλλαξει αυτο ακομα και αν γινονταν αυριο εκλογες.

Ο χρήστης elteo έγραψε:
με απόδειξη €130
χωρίς απόδειξη €100

Δυστυχώς για αυτούς (και για τα μαθηματικά τους ) που το δέχονται, το 'χωρίς απόδειξη' βγαίνει συνήθως παραπάνω από την 'Με απόδειξη - 23%' τιμή. Τα παραπάνω τα καρπώνεται ο συμπαθής επαγγελματίας για καβάντζα στις δύσκολες εποχές μάλλον.

Τιμωρός καιρός
πέντε αιώνες δύσης
εθνικής θα ζήσεις
από δω και μπρος
με αγγλικές αλφαβήτες
μαλλιαροί μου Ελλαδίτες
θλιβερές μου πορδές.

Από το κωλοέλληνες του Σαββόπουλου.

Το 'πατριωτικό' κίνημα παρεξηγήθηκε

http://anti-ntp.blogspot.com/2011/05/blog-post_3639.html

Πόσο πιο καραγκιόζηδες και γελοίοι μπορεί να γίνουν;

απο το ιδιο site

Youtube Video

Ξαφνικά όλοι ανακάλυψαν ότι είμαστε μπουρδέλο. Μέχρι τώρα δεν το είχαν πάρει χαμπάρι.

Το 1985 ο Ανδρέας Παπανδρέου επέβαλε λιτότητα επειδή τα είχε γ@μήσει στη πρώτη του διακυβέρνηση της χώρας. Όμως από τότε διαπίστωσαν όλοι ότι όσο και να κλέβεις το δημόσιο χρήμα, όσο άσχημα να κυβερνάς και να καταστρέφεις τη χώρα, δεν υπάρχουν επιπτώσεις - απλά δανείζεσαι όλο και περισσότερο.

Ο χρήστης leonp έγραψε:
Ξαφνικά όλοι ανακάλυψαν ότι είμαστε μπουρδέλο. Μέχρι τώρα δεν το είχαν πάρει χαμπάρι.

Το 1985 ο Ανδρέας Παπανδρέου επέβαλε λιτότητα επειδή τα είχε γ@μήσει στη πρώτη του διακυβέρνηση της χώρας. Όμως από τότε διαπίστωσαν όλοι ότι όσο και να κλέβεις το δημόσιο χρήμα, όσο άσχημα να κυβερνάς και να καταστρέφεις τη χώρα, δεν υπάρχουν επιπτώσεις - απλά δανείζεσαι όλο και περισσότερο.

να που ομως οι δανειστές άλλαξαν γνώμη... τώρα.-

Γιατί είδαν ότι δεν πρόκειται να πάρουν πίσω τα λεφτά τους.
Τώρα θα αγοράσουν τη χώρα, καλύτερα να τους παραχωρήσουμε και την κυβέρνηση.

Ιδέες για τη νέα σημαία της Ελλάδας;

Ο χρήστης vellerefontis έγραψε:

Ξαφνικά όλοι ανακάλυψαν ότι είμαστε μπουρδέλο. Μέχρι τώρα δεν το είχαν πάρει χαμπάρι.

Το 1985 ο Ανδρέας Παπανδρέου επέβαλε λιτότητα επειδή τα είχε γ@μήσει στη πρώτη του διακυβέρνηση της χώρας. Όμως από τότε διαπίστωσαν όλοι ότι όσο και να κλέβεις το δημόσιο χρήμα, όσο άσχημα να κυβερνάς και να καταστρέφεις τη χώρα, δεν υπάρχουν επιπτώσεις - απλά δανείζεσαι όλο και περισσότερο.

να που ομως οι δανειστές άλλαξαν γνώμη... τώρα.-

καμια γνωμη δεν αλλαξαν, απλα προσπαθουν να εξασφαλισουν οτι θα παρουν πισω τα δανεικα.
μη ξεχνας, οτι πρακτικα μας δανεισαν αλλα 110δις, τα οποια επισης θελουν να παρουν πισω. Απλα αυτη τη φορα ειναι καλυτερα διασφαλισμενοι γιατι δε θα παρουν ομολογα αλλα λευκη επιταγη.

Όποιος έχει όρεξη για πολύ διάβασμα:

Full US Senate Report

Όποιος το διαβάσει να μας κάνει ένα ρεζουμέ...

chips on the side:

Goldman Sachs faces contentious AGM

Angry shareholders [ πιασάρικος τίτλος για iPhone game] demand explanation for $70m payday enjoyed by investment bank's top five executives at annual meeting on Friday

Goldman Sachs is bracing itself for what may be the most contentious annual meeting in the embattled investment bank's 142-year history.

On Friday, angry shareholders, including a coalition of religious groups, are planning to call on Goldman's executives to justify the combined $69.6m (£42.4m) payday its top five executives received in 2010 and to answer questions about allegations that the bank misled clients and lied to Congress. [έλα μωρέ, υπερβολές...]

[spoiler=...:1i97dmk5]Goldman's most recent financial results comfortably beat expectations and its shares have rallied spectacularly since the lows of the credit crunch. But the bank has continued to be mired in controversy. Chairman and chief executive Lloyd Blankfein faces shareholders amid speculation that he may be planning to step down. The bank has denied any such move.

The meeting comes amid mounting pressure on the bank. Earlier this week Eric Holder, the US attorney-general, confirmed that the justice department was investigating Goldman's role in the financial crisis following a withering report on the bank's role led by senators Carl Levin and Tom Coburn. The 650-page report 'Wall Street and the Financial Crisis: Anatomy of a Financial Collapse,' gave Goldman its own section titled 'Failing to Manage Conflicts of Interest: A Case Study of Goldman Sachs.'

In July the bank paid $500m to settle charges brought by financial regulator the Securities and Exchange Commission (SEC) that it misled customers over complex sub-prime mortgage products it sold in 2007.

While Goldman is unlikely to lose any shareholder vote, the spotlight on executive pay could not come at a more sensitive moment for the bank. Among those protesting Goldman's payouts are the Nathan Cummings Foundation, a Jewish charity, and the Interfaith Centre on Corporate Responsibility (ICCR).

Among the proposals being put forward by shareholders is one calling for a formal annual review of Goldman's pay deals every year that would compare the wages of top earners with those at the bottom of the Goldman pay scale.

In an interview with the Guardian last month Sister Nora Nash, a member of the ICCR, said St Francis, founding saint of her order, would be 'spinning in his grave' if he knew how much the Goldman elite were paying themselves.

The bank's top five executives received cash and stock last year that was 13 times greater than the year before. Goldman's 2010 net revenues fell 13% and profits fell 37%. Goldman paid Blankfein close to $19m in compensation for 2010, almost double his award for the previous year. The bank increased Blankfein's 2011 annual pay by $2m.

Goldman has dismissed the shareholder's actions as 'a distraction' that 'would entail an unjustified cost to our firm and would not provide shareholders with any meaningful information,' since it says shareholders can already get this information in its filings.

William Cohan, author of Money and Power: How Goldman Sachs Came to Rule The World, said AGMs tended to be 'more about theatre than substance'. But he added: 'I think the impact of the negative publicity on the top executives of the firm has been considerable. They don't like it, don't think it is fair and feel it is unwarranted. No surprise there. But there is not much they can do. They are the firm that came out of the crisis in the best shape financially, along with JP Morgan, so they are a natural target of legitimate public anger and frustration.'[/spoiler:1i97dmk5]

UBS Case Marks Widening Gyre of Criminal Probe Into Muni Bonds

A UBS AG (UBSN) banker wanted to win an investment deal with a Rhode Island municipality that was to be awarded to the highest bidder. Instead of offering the best price, he secretly split half of UBS’s $1.4 million profit with another bank to get the rival to back off. [σώπα, έλληνας θα ήταν και μη μου πείτε ότι τον έπιασαν, γιατί για να το κάνει σημαίνει ότι γίνεται]

The 2002 transaction with the unidentified municipality, described in documents tied to UBS’s $160 million settlement with the U.S. Justice Department and the Securities and Exchange Commission this week, shows the expanding arc of a criminal investigation that has taken more than four years.

“My guess is they’re going to be looking at the other big banks next,” [κι άλλοι έλληνες , εάλω αι ΗΠΑ είπαμε] said Mark Rosman, a partner at the law firm Wilson Sonsini Goodrich & Rosati in Washington and a former assistant chief of the national criminal enforcement section of the Justice Department’s antitrust division.

UBS followed Bank of America in settling a probe prosecutors say spanned more than a dozen Wall Street banks, insurers and advisers [παροικία το έχουμε κάνει]. Settlement documents and court records cite several unidentified companies, a sign that more cases are coming.

“The investigation is active and ongoing,” said Christine Varney, the Justice Department’s antitrust chief, in a press conference May 4. “When every municipality that has been victimized by this conspiracy receives restitution, we will conclude.”

The case has revealed that Wall Street, during the same years when it was sowing the seeds of the financial crisis, was also cheating cities, states and school districts across the U.S. and using the unregulated derivatives markets to hide the kickbacks paid in the schemes. [σ.σ. who'd have thought ]

**Returning Money **

UBS, whose settlement came after four of its former bankers were charged in the case, agreed to cooperate and, as part of the agreement, is returning money to about 100 municipalities in 36 states that were victims of the conspiracy [μπα, έχουμε και victims; Για κάποιους άλλους λέμε 'ας πρόσεχαν τα ζώα' και kalo kouragio]. Bank of America also agreed to cooperate with federal investigators in exchange for leniency.
[spoiler=...:1i97dmk5]UBS, Switzerland’s largest bank, is also among 16 banks under investigation by European antitrust regulators, who are probing whether they manipulated the daily London interbank offered rate, a benchmark lending rate.

In November, a former JPMorgan Chase & Co. (JPM) banker also admitted involvement, and agreed to cooperate. Three former employees of a General Electric Co. (GE) unit are fighting charges in the case.

The government investigation centers on the investments that cities, towns and states make with a portion of the $400 billion they raise by selling bonds each year. The investments allow them to earn a return on the borrowed money until they need the cash, which reduces the cost of public works projects.

**Competitive Bidding **

Federal regulations encourage local officials to award the investment contracts by competitive bidding. Localities rely on previously unregulated financial advisers to run the auctions.

The Justice Department alleges financial companies paid kickbacks to advisers to run sham auctions so they could win the public money to invest at below-market rates. Court records also show that the banks used the derivatives market, which at the time was largely unregulated, to funnel kickbacks to advisers in return for rigging the bidding.

UBS, which got out of the municipal bond underwriting business in 2008, ran auctions for the investment contracts on behalf of its customers and also bid at auctions run by others.

In one instance described in the SEC’s complaint against UBS, the bank allowed an investment-contract seller --identified only as Provider C -- to pick up an additional $100,000 on a transaction with a Colorado health-care provider.

In return, UBS received an additional fee of $75,000 from the winner, which a banker described as “some profit sharing,” according to the SEC complaint.[/spoiler:1i97dmk5]

China Paying ’Close Attention’ to U.S. Debate on Debt Level

China, the biggest foreign holder of Treasury notes, is closely watching the debate over raising the U.S. debt ceiling and wants the Obama administration to do more to curb the deficit, Vice Finance Minister Zhu Guangyao said.

“We are paying close attention to the domestic discussion in the U.S. on debt and deficits,” Zhu told reporters in Beijing today. “We hope the U.S. can take effective measures toward fiscal reorganization just as President Obama suggested.”

His comments came days before about 30 top Chinese officials travel to Washington for an annual meeting on economic and military cooperation. Treasury Secretary Timothy F. Geithner will meet his counterpart Vice Premier Wang Qishan for two days of talks beginning May 9 and press the U.S. case for allowing China’s currency to appreciate further.

Geithner has said the U.S. can borrow until Aug. 2 after reaching the $14.29 trillion debt limit this month [ ]. Matthew Zames, chairman of a Treasury advisory panel and a managing director at JPMorgan Chase & Co., said last week that failure to raise the ceiling could trigger “another catastrophic financial crisis.”

President Barack Obama has offered the outlines of a plan to reduce the growth of the debt by $4 trillion over 12 years through a combination of spending cuts and tax increases[ ]. House Budget Committee Chairman Paul Ryan, a Wisconsin Republican, has proposed cutting spending by $6 trillion over a decade in part by privatizing Medicare and capping Medicaid spending.

[spoiler=...:1i97dmk5]**‘Fiscal Foundation’ **

The U.S. has to take deficit-reduction measures “in order to improve the U.S. fiscal condition and to build a solid fiscal foundation for the long term sustainable growth of the U.S. economy,” Zhu said. China held $1.15 trillion in Treasuries as of the end of February, more than any other country.

“The U.S. certainly knows that the Chinese are probably the most important customer” for Treasuries, said Cliff Tan, head of emerging-markets research at Societe Generale SA in Hong Kong. “In the event of the unthinkable happening in Congress failing to raise the debt ceiling, you’re going to have a major, major earthquake in global fixed-income markets.”

Zhu said China “will push forward” on improving its currency system and that its focus was on improving the quality of its exchange-rate mechanism while U.S. officials push for faster yuan appreciation.

**‘Intensify Communication’ **

“China is ready to intensify communication with the United States” on the yuan, Zhu said. “We have some differences on some specific issues and differences will be addressed through communication.”

The yuan has appreciated 5.1 percent against the dollar since the last annual meeting between the U.S. and China took place last May in Beijing. Still, the U.S. had a record $273.1 billion trade deficit with China last year as economic growth in both countries accelerated.

Zhu also said that currency policy is the “sovereign right” of every country. Vice Foreign Minister Cui Tiankai said at the same briefing that China’s relations with the U.S. “enjoy a strong momentum of growth.”

Geithner said May 4 in Washington that the U.S. wants China to let the yuan “move in response to market forces more rapidly.” That message will be conveyed next week, David Loevinger, the Treasury’s senior coordinator for China, told reporters in Washington yesterday.

**‘Press China’ **

“We are going to press China to let its exchange rate adjust at a faster pace to correct its still-substantial undervaluation,” Loevinger said. “China continues to intervene massively in foreign-exchange markets to constrain the appreciation of its currency.”

Twelve-month non-deliverable yuan forwards dropped 0.6 percent this week to 6.3455 per dollar as of 11:04 a.m. in Hong Kong. The contracts reflected bets the yuan will strengthen 2.4 percent from the spot rate of 6.4959, according to data compiled by Bloomberg.

A rising yuan and falling dollar reduces the value of China’s holdings of Treasury and other debt. Smaller U.S. deficits may strengthen the dollar and boost the value of China’s holdings.

“Reduced U.S. fiscal spending may lead to a higher possibility of the U.S. dollar appreciation, therefore it helps China to maintain the value of the U.S. debt it holds,” said Li Jun, a Shanghai-based strategist at Central China Securities Holdings.

**Arrests and Detentions **

While Geithner meets with Wang, Secretary of State Hillary Clinton will meet with State Councilor Dai Bingguo amid increasing concern by the U.S. about a series of arrests and detentions of advocates for more political openness in China following rallies in February inspired by revolts in the Middle East.

The arrests affect the broader relationship between the world’s two biggest economies, U.S. Assistant Secretary of State for Democracy, Human Rights and Labor Michael Posner said last week in Beijing after meeting Chinese officials.

Posner and his team raised concerns about the arrest of artist Ai Weiwei and made a request to see Liu Xia, the wife of jailed Nobel laureate Liu Xiaobo.

Cui said that “the Chinese people should have the final say” on the improvement of the country’s human rights situation.

“We also hope that the outside world can take a realistic approach when observing China’s human rights issues, or to use a trendy phrase, please have a sunnier mentality,” Cui said.[/spoiler:1i97dmk5]

Βουτιά στα commodities..Έρχεται νέα κρίση;

http://www.capital.gr/Markets.asp?id=1187702

Ο χρήστης scandinavian έγραψε:
Βουτιά στα commodities..Έρχεται νέα κρίση;

http://www.capital.gr/Markets.asp?id=1187702

για το ασήμι, δες την υπόθεση με την JP Morgan
Τα νούμερα που αναφέρει είναι πάντως για paper gold/silver, όχι 'actual'.

related story, προ δύο ημερών, μια 'κοντρίτσα' μεταξύ JPM και GS :

Morgan Aligned With Commodity Bulls as Goldman Says Sell
Money managers are making near-record bets on higher commodity prices, aligning themselves with Morgan Stanley after Goldman Sachs Group Inc. said investors should reduce most of their holdings.

Funds held a net 1.49 million futures and options in 18 commodities by April 26, 57 percent more than a year earlier, according to U.S. Commodity Futures Trading Commission data compiled by Bloomberg. The Standard & Poor’s GSCI Total Return Index of 24 commodities beat bonds, stocks and the dollar every month since December, the longest in at least 14 years. It rose in April for an eighth month, the best stretch since 2004.

The surge in everything from oil to corn to gold has yet to crimp demand, inventories are still tight, and getting out now would be “premature,” Hussein Allidina, the head of commodity research at Morgan Stanley in New York, said on April 29. Prices may no longer reflect supply and demand, and they are likely to drop in the next three to six months before rebounding, Goldman said in reports April 11 and April 15.

[spoiler=...:50gee37r]“The underlying demand, based on global growth and supply constraints, makes that kind of call dangerous,” said Walter “Bucky” Hellwig, who helps manage $17 billion at BB&T Wealth Management in Birmingham, Alabama, and correctly predicted a decline in commodity prices two years ago, before the S&P GSCI began a 15 percent drop.

“As an investor, I would rather focus on fundamentals, and fundamentals are still positive,” Hellwig said. “The trend will be higher over the next three months.”

Most Profitable

Goldman, the most profitable securities firm in Wall Street history before converting to a bank in 2008, recommended Dec. 1 that investors buy a basket of commodities consisting of crude, copper, cotton, platinum and soybeans. The research team, led by Jeffrey Currie in London, said on April 11 that investors should close that trade after it returned 25 percent.

There are signs U.S. oil demand is weakening, speculators are betting the most ever on higher prices, and there may be less chance of violence spreading from a civil war in Libya, Africa’s third-largest crude producer, the team said in an April 15 report. Higher energy costs and manufacturing disruptions caused by an earthquake in Japan on March 11 may mean less consumption of copper and platinum, the bank said.

Goldman also advised clients to end a separate bullish bet on copper, which it had recommended in October, after prices rose 23 percent, and one on platinum, made in July 2009, after a 36 percent advance. Investors should still buy European gasoil, soybeans and gold, the bank said, reiterating advice in October and November. The New York-based bank recommends being “underweight” commodities in the next three to six months.

**Total Return **

The S&P GSCI Enhanced Total Return Index, Goldman’s benchmark for commodities, fell 1.1 percent since the note to clients on April 11. The team expects the gauge of 24 raw materials to rise 10 percent in 12 months, less than the 14 percent previously forecast.

Copper has fallen 8.2 percent from the record $10,190 a metric ton reached Feb. 15, and cotton has slumped 28 percent from the all-time high of $2.197 a pound set March 7. At the same time, oil has advanced 22 percent this year, and gold futures reached a peak of $1,577.40 an ounce yesterday, heading for an 11th consecutive annual gain.

Morgan Stanley, operator of the world’s largest brokerage, is still “very long” crude and corn, and favors wheat and gold, Allidina said in an April 29 telephone interview. Since Dec. 15, 2009, when the bank advised investors to buy the oil for delivery in December 2011 on the New York Mercantile Exchange, that contract has gained 38 percent. The firm is bearish on sugar, natural gas, cotton and coffee, he said.

**‘Tight Inventories’ **

Betting on lower commodity prices, “broadly speaking, right now is not a good idea, because you do have tight inventories,” Allidina said. “You need to ration demand. You are not doing that at current prices.”

Investors held a record $412 billion of raw-material assets by the end of March, almost 50 percent more than a year earlier, Barclays Capital estimates.

Net-long positions held by managed-money funds are within 4.8 percent of the record 1.56 million contracts reached in October, CFTC data show. Open interest in 17 of 19 commodities tracked by the Thomson Reuters/Jefferies CRB Index reached 8.2 million contracts, data from the CFTC show. That compares with an all-time high of 8.6 million on Feb. 18.

The rally means record profit for BHP Billiton Ltd., the biggest mining company, and the second-highest earnings ever for Exxon Mobil Corp., the largest publicly traded oil producer, analysts’ estimates compiled by Bloomberg show. Nestle SA (NESN), the top food company, said in February that its commodity costs will rise as much as a record $3.4 billion this year. Gap Inc., the leading U.S. apparel chain, is contending with cotton prices that rose 92 percent last year.

Driven Into Poverty

The surge in commodities has wider implications. Global food prices tracked by the United Nations reached an all-time high in February. The World Bank says the increase contributed to 44 million people falling into poverty in the past year. Inflation is accelerating worldwide, spurring central banks from China to the euro region to increase interest rates, potentially curbing economic expansion.

Rising oil prices could be “sowing the seeds of future demand destruction,” the Paris-based International Energy Agency said April 12. China, the world’s biggest copper user, imported 43 percent less metal in March than a year earlier, customs data show. Holdings in exchange-traded funds backed by gold fell 1.3 percent this year.

“Commodities are in the process of peaking, and will come down in the next three to six months,” said James Paulsen, the chief investment strategist at Minneapolis-based Wells Capital Management, which oversees about $340 billion. The S&P GSCI index rose 27 percent since Paulsen predicted Dec. 1 that raw materials would continue to rally.
Copper May Rise

The most-accurate forecasters tracked by Bloomberg over the last eight quarters expect more records this year. Copper may rise 9.6 percent to $10,250 a ton within six months, according to Christin Tuxen, an analyst at Danske Bank A/S in Copenhagen.

Gold will advance 14 percent to $1,750 an ounce, according to Jochen Hitzfeld, an analyst at UniCredit SpA in Munich. Corn is likely to gain 11 percent to a record $8 a bushel, according to Commerzbank AG, last year’s most-accurate forecaster.

Crude will rise 31 percent to $145 a barrel, near the record $147.27 set in July 2008, said Michael Pento, the senior economist at Euro Pacific Capital Inc. in New York who correctly predicted the collapse in commodity prices in 2008, the rebound in 2009 and last year’s rally in gold.

Weaker Dollar

Pento is bullish because he expects the dollar to weaken, making dollar-denominated commodities cheaper for those holding other currencies. The U.S. Dollar Index, a gauge against six major trading partners, fell 7.5 percent since the beginning of January, the worst start to a year since 1995. The Dollar Index has a negative correlation of 0.87 to the S&P GSCI Index. A figure of 1 would mean they move in lockstep.

The dollar weakened as the Federal Reserve maintained record-low U.S. borrowing costs and began pumping $600 billion into the economy by buying Treasuries. The gauge may drop to the lowest since July 2008 by the end of the year, estimates compiled by Bloomberg show.

Fed Chairman Ben S. Bernanke signaled April 27 the Fed will maintain the record monetary stimulus when its bond purchase program ends in June.

Demand for commodities may also be bolstered by investors hedging financial assets against inflation. The cost of living in the U.S. rose at its fastest pace since December 2009 in the 12 months ended in March, the same month in which Chinese consumer prices rose by the most since 2008.

‘Alarming Rate’

Global demand for energy, metals and crops is outpacing supply “at an alarming rate,” spurring a “permanent shift” in the value of natural resources, said Jeremy Grantham, the chief investment strategist for Boston-based Grantham, Mayo, Van Otterloo & Co., which manages $107 billion in assets.

“The world is using up its natural resources at an alarming rate, and this has caused a permanent shift in their value,” Grantham, who correctly predicted the trough in U.S. equities in 2009, said in a report April 25. “We now live in a different, more constrained, world in which prices of raw materials will rise and shortages will be common.”[/spoiler:50gee37r]

Η Γερμανία θα βιώσει σύντομα τις επιπτώσεις από τη λιτότητα στην Ευρωζώνη
Η μείωση των γερμανικών εξαγωγών στις άλλες ευρωπαϊκές χώρες, λόγω των προγραμμάτων σκληρής λιτότητας που εφαρμόζονται, αναμένεται να γίνει αισθητή στη μεγαλύτερη οικονομία της Ευρωζώνης, το αργότερο εντός του 2012, προειδοποιεί ο πρώην επικεφαλής οικονομολόγος της Deutsche Bank Νόρμπερτ Βάλτερ.

Ο κ. Βάλτερ ήταν ο επικεφαλής οικονομολόγος της Deutsche Bank για περίπου 20 χρόνια και σε συνέντευξή του στο Focus online, αναφέρθηκε τόσο στα προβλήματα των χωρών της ευρω-περιφέρειας όσο και στις επιπτώσεις τους στην πορεία της γερμανικής οικονομίας.

«Ασφάλιστρα κινδύνου 10% είναι εντελώς παράλογα», δηλώνει ο κ. Βάλτερ, αναφερόμενος σε χώρες όπως η Ελλάδα και η Πορτογαλία.

Όπως τονίζει, «ποτέ πριν δεν ακολουθήθηκε στην Ελλάδα τόσο σοβαρή οικονομική πολιτική όσο σήμερα. Με ασφάλιστρα κινδύνου της τάξης του 10% μπορεί κανείς να γονατίσει μία υγιή οικονομία. Εάν δε η χώρα είναι υπερχρεωμένη, η καταστροφή είναι δεδομένη».

Ο Νόρμπερτ Βάλτερ ασκεί κριτική σε όσους εστιάζουν στον κίνδυνο που συνιστά η Ελλάδα για τη γερμανική οικονομία.

«Ορισμένοι μιλούν μόνο για την Ελλάδα και την Πορτογαλία. Αυτό είναι ανοησία, το βάρος των χωρών αυτών δεν είναι από μόνο του επικίνδυνο για εμάς. Ωστόσο, το άθροισμα Ελλάδας, Πορτογαλίας, Ισπανίας, Βρετανίας και Ιταλίας που ακολουθούν προγράμματα λιτότητας είναι σημαντικό και μειώνει τις γερμανικές εξαγωγές στις χώρες αυτές», επισημαίνει.

Για το λόγο αυτό προβλέπει ότι η γερμανική οικονομία θα αντιμετωπίσει το αργότερο το 2012 μεγάλες δυσκολίες.

«Εξάγουμε περισσότερα από τα μισά όσων παράγουμε. Και όταν η οικονομική κατάσταση σε γειτονικές χώρες δεν είναι καλή και εφαρμόζονται προγράμματα λιτότητας, όπως συμβαίνει σε πολλές χώρες, θα βιώσουμε τις συνέπειες», προειδοποιεί ο Γερμανός οικονομολόγος.

Ο κ. Βάλτερ εκτιμά ότι ο γερμανικός χρηματοπιστωτικός τομέας δεν είναι αρκετά εύρωστος για να αντέξει ενδεχόμενη αναδιάρθρωση του ελληνικού χρέους, γιατί πολλά χρηματοπιστωτικά ιδρύματα είναι αδύναμα και άλλα δεν διαθέτουν επαρκή ίδια κεφάλαια.

«Καμία τράπεζα δεν έχει αντιμετωπίσει ακόμη το τέλος της πολιτικής μηδενικού επιτοκίου των κεντρικών τραπεζών», σημειώνει.

Αυτό που αξίζει να σημειωθεί, τέλος, είναι και το γεγονός της μεγάλης ανατίμησης του ευρώ, που επηρεάζει αρνητικά τις εξαγωγές όλων των χωρών της Ευρωζώνης και βεβαίως και της Γερμανίας.

για το 2010 παντως ειχαν ρεκορ 20ετιας για τις εξαγωγες τους...

Ο χρήστης spiros έγραψε:
για το 2010 παντως ειχαν ρεκορ 20ετιας για τις εξαγωγες τους...

ρεκόρ αύξησης [σε σχέση με το '09], όχι ρεκόρ εξαγωγών.