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[ | 22 May 2010 | Comments Off | 3,270 views ]

I said previously that I would maintain a wiki and blog at the same time. That way with the wiki you get a good overall view of things, and the blog are thoughts from the moment.

Well…
That did not work out so well. My blog went downhill, and so did my wiki. I got nowhere!
Then I decided to look back and see what is going on. I realized something interesting, and it was blogging is not where its at anymore. Recently I joined a chat room and people asked me, “what’s …

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[ | 19 May 2010 | One Comment | 3,563 views ]

At the beginning of May I said that the Greek demonstrations would drop off dramatically. Of course nobody listened… What has happened? Oh yeah the Greek demonstrations have dropped off dramatically.
So why did this happen? It is because the English speaking media does not understand mainland Europe. In fact the English speaking media is pretty ignorant of everything that is not English speaking.
Let me illustrate another misunderstanding. These folks are talking how the Euro dropping is bad, and that the European economies will do bad. YET, and here is the …

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[ | 18 May 2010 | 2 Comments | 3,521 views ]

Wow sell sell sell…  Why? Because Germany introduced a ban on naked short selling?
Germany will ban so-called naked short-selling from midnight, a lawmaker with the ruling Christian Democratic Union told Dow Jones Newswires. He added that Chancellor Angela Merkel will announce the plan in her speech to the lower house of parliament Wednesday morning.
Naked short selling—which differs from short selling in that the sold shares aren’t borrowed in advance—came under fire at the height of Greece’s struggle to refinance its debt, with many euro-zone governments saying such transactions in …

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[ | 16 May 2010 | Comments Off | 3,708 views ]

I find the article from one of Germany’s biggest tabloid very interesting. It asks does Germany need the Euro? Would Germany not rather have the Deutsch Mark back?
First in this time of crisis I find it interesting that Germans are split 50-50 about the Deutsch Mark. You would figure that more German’s would want the Deutsch Mark back. I guess I can tell you anybody over 50 wants the Deutsch Mark, and anybody below 50 doesn’t want the Deutsch Mark.
The answer in the article is that Germans don’t want the …

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[ | 16 May 2010 | Comments Off | 3,481 views ]

Greece and Turkey have met and begun the process of building ties between their two countries. Let me tell you a bit about this situation since my father was living and working in Boursa Turkey.
Athens and Greece have been enemies for a very long time. This dates back 400 years or more, back to the Ottoman empire and beyond. The Ottoman empire was a Turkish empire. This hate of each other has caused many problems including Cyprus and the ownership of a few islands in the black sea.
But when Greece …

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[ | 14 May 2010 | Comments Off | 2,662 views ]

I know I am going to hear a lot about the naysayers…
BUT look at the following article, Greece and Turkey have called a truce. They have both agreed to a massive reduction in military budgets and increased trade between the two countries.
Die griechische Schuldenkrise ermöglicht eine historische Annäherung zwischen Athen und Ankara. Um die Staatskasse zu schonen, wollen die beiden Rivalen ihre Rüstungsausgaben massiv kürzen.

People pigs just flew! And to think people doubted that Greece could change! Congrats Greece you are making history. I am more optimistic than ever.

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[ | 14 May 2010 | Comments Off | 2,229 views ]

I have no idea if I caused this, but it is interesting to think about. First let’s look at the article and you will see what happened.
He said an earlier rumor that France’s credit rating could be in jeopardy accelerated the selloff in the euro, as it added to the markets’ contagion fears.
"That scared the heck out of everybody," Cashin said.

When I heard this I thought, “you have got to be f****g kidding me?”
On Friday early in the morning CET time I was talking with some people in the …

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[ | 11 May 2010 | One Comment | 1,502 views ]

When I get into something I can become single-minded. Take for example the following article.
Monday’s market euphoria across the world at the terms of the European Union/International Monetary Fund rescue package for the European bond market faded Tuesday as investors sold stocks and took profits on the euro. The worry for investors is whether governments in Greece and Portugal can live up to their end of the bargain and manage to significantly cut government spending in the face of bitter opposition from voters.

Ok again moving the goal posts, but hey …

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[ | 11 May 2010 | Comments Off | 921 views ]

Today somebody in the chat forum tried to politely say I was biased towards the Euro and hence could not see with clarity. I would say, first I am contrarian and will rant about things.
But secondly and more importantly, I am trying to point out the hypocrisy.
First let’s start with the Greek crisis. The media was saying, the crisis will take down the Euro zone. I was one of them.
Greece’s debt crisis is the biggest credibility test the euro zone has faced since the single currency was created.

Neither measure …

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[ | 9 May 2010 | Comments Off | 966 views ]

The media is going to say that the CDU lost because of Greece, the bail out and the airwaves are going to go on, and on, and on about this. But you need to look at the facts much closer.
First look at the winners and losers:

Look at the results. The CDU, and SPD are the big losers. Also remember that the SPD are a 50 year low. Thus the discussion between the CDU, and SPD is completely beside the point.
Here is what has happened to the SPD throughout the …