14th of July : Nothing
No, we cannot be as blind as Louis XVI now that the central nervous system (the banks) is about to explode.
We just hit the low end rates. We just hit recession. Several major banks will disappear with the cash. The consequences on the IT sector will certainly appear in a few days or weeks. From now on, the banks will build their success on emerging economies only.
European governments, especially French and German, must quickly liberalize the economy if we don’t want to fall into confrontation with Asia. We don’t get rich, we speculate. The proof of this is this stupid real-estate bubble created by low rates. Far from me the idea that Asia doesn’t speculate, on the contrary, it gets wealthy.
The offshore sector will also be affected, at least those who work for the financial world (India is already particularly affected). However, there is still much to gain on industry and non-financial services. Perhaps the ratio between the prices growth and the offshore costs will reverse due to unknown context? The small countries are already affected by the monetary consequences. The Romanian Leu collapses, restoring the Euro-Dollar competitiveness.
Anyway, this crisis is not too convenient to anyone. The weeks to come, we should be extremely aggressive, conqueror and proactive.
 |
Posted on mon., 6 oct. 2008 13:41 by flasnier (93 day(s) old) | |||||||
|
