Cativa colegi, Dan Selaru, Bogdan Glavan, Cristian Paun, Dan Popa impreuna cu subsemnatul am hotarat sa distrugem monopolul ideilor si analizelor economice proaste care ne intoxica viata zi de zi. Ca urmare, vineri 4 Noiembrie, la ora 15, discutam pe sleau despre economie in direct la Hotnews -”Shleauri economice”. Inspiraţia blogger-ilor împotriva conspiraţiei ideilor proaste din economie.
Vineri vom dezbate meritele “contractului cu FMI”. Daca place vom repeta figura cu alte subiecte.
One major concern for Romania is that foreign banks present on the local market will use funds available for lending to increase capitalization in their headquarters. The Romanian officials assure us that at their request the EU leaders agreed to “regulate these capital flows”. It is not the first time we would see capital controls introduced in the region. The first instance was in the spring of 2009 when Banks operating in the CEE region “agreed” to keeping a certain level of funding their assets. It did not work very well as banks kept the exposure but did not credit the private economy. Continue reading
Who knew? “Markets” love government interventions.
Maybe I am alone here but I find the “markets” overreaction to the EU rescue deal odd,out of place and totally irrational. In all honesty even a mild positive reaction should have worried us. But to have the one of the best days in equity markets since 2007 one day after scant details of a plan that only deals with Greek debt is just total madness. In fact the insanity of it all is that “markets” are this happy to have governments intervene. This is what should worry us. Continue reading
from the EU decision on Greece. In Romania the main question in the last few days had to do with foreign bank’s exposure. Will it remain at the current level or not after the EU decision on Greece? Continue reading
In the morning ours of Thursday October 27 2011, EU leaders have one more time reached an agreement on how to deal with the Greek debt problem. The outcome is a 15 (fifteen) page document. But for a long document the statement offers very little details. After reading it I am convinced this is not the last time will hear about Greek debt problem or bank capitalization. Continue reading
In 2008 Goldman Sachs became a commercial bank to have access to emergency funds. As you know most of the banks needed funds from governments to stay alive but they had to be a commercial bank not an investment bank. And in almost all cases these funds came without any conditions. Continue reading
I did not think President Basescu’s speech was worthy of post, at least on my blog. But the mainstream media keeps pushing the subject forward. I got few calls from papers to comment on what the president said, what are the implications etc.Well, I am sorry to burst your bubble but the president did not say anything new. Not to me at least. Continue reading