Recently I was reading the media coverage about the impact of the hurricane Sandy on the Wall Street shares. They all (Wall Street Journal, Reuters, Bloomberg etc) seem to converge on the same point – that Sandy was actually good for the Wall Street shares. Despite the fact that NYSE and Nasdaq shut down their operations for two days, the […]
Yes, you read it right. Germany might go into a mild recession in 2013. IMF has recently revised the economic growth figure (GDP year-on-year) from +1.6% to +1%. Whilst this does nor mean technically any recession, it also shows that the economy is very close to not growth. With a country highly dependent of machinery and high-tech exports to a […]
Recently I was given the chance to have a sneak peak preview of the incoming book hit of Penguin called “Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else” (by Chrystia Freeland). And I was impressed. Usually I rarely read books which kind of detour me from the big goal of becoming a better investor. […]
In case you were wondering, this is how a twenty swiss francs banknote looks like. The francs bancnote is very colorful for a mountain based country which Switzerland is 🙂 The same are its economical prospects lately, less rosy though for its banks lately. But everything should be Swiss branded, right?
Walt Disney has announced today it estimates to trash approx. $200 million on the movie John Carter. This would make the sci fi Carter movie probably the largest loss making movie of all times.
After 10 days of almost consecutive gains, US stock exchages indexes started to point mildly down. S&P went down TO 1,406, only 10% below the 1,550 plus record from 2007. All the analists say this id due to a weaker demand of raw materials from China, which in turn is slowing down…in exports.
I was today reading about the “famous” marketeer Tim Lowe. He showcases a photo with his two English expensive cars in front of a mansion on the homepage and pretends to have helped lots lots of customers to develop their business online. All good here, you know, we are all billionaires on paper, at least with 1929 Deutsche Marks (finance […]