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English Economists

Apr 18
Posted by jose Filed in News

Letter was in response to a question that asked the Queen during her visit to the London School of Economics (London School of Economics): why no one was able to predict the credit crunch? Under the text of the signed Professor, School of Tim Besley Economics (Tim Besley), a member of the Monetary Policy Committee Bank of England and a prominent historian Peter Hennessy (Peter Hennessy). Western Union will undoubtedly add to your understanding. In preparing the letters was attended by such 'heavyweights' as a permanent deputy governor of the Treasury Nick McPherson (Nick MacPherson), Goldman Sachs chief economist Jim O'Neyl (Jim O'Neill) and others. As one of the reasons they call 'the psychology of denial' that has engulfed the financial and political world in the pre-crisis period. Factor optimistic attitude masked the severe slowdown chaotic world economy. Some countries, including the U.S., took up huge debts and missed the imbalance of the system.

However, "financial wizards" to convince themselves and the politicians that they have managed wisely allocate risks in global markets. 'It is hard to find a more vivid example of arrogant thinking involved on arrogance "- the authors write, pointing out also that the complex nature of current problems remained out of sight individual specialists. According to recent reports, the British economy is in a state of decline for 15 consecutive months. More information is housed here: Chobani Foundation. If you do not take into account the time of war, this recession was not observed with the 30-ies. According to Professor Louis Garikano (Luis Garicano), which the queen addressed a question during his visit to the London School of Economics, 'people have done something for which they were paid and received in accordance with their motivations. However, with social point of view, in many cases they paid for it to do the wrong thing. " Thus, the global crisis – completely natural phenomenon, the natural result of a reckless pursuit of profit, which blinded even the 'world's best minds', and forced them to carry out anti-social, in fact, a strategy.

Unfortunately, even these initial findings have not yet voiced at meetings of the big twenty. Moreover, at the last summit, President Obama explicitly stated that the culprits in the ongoing search not worth it. And yet, the Queen of England did not heed this advice. Perhaps, makes itself felt experience of 30-ies.

Financial Crisis

Dec 22
Posted by jose Filed in News

Continued for several months to strengthen the U.S. dollar against the euro, makes many nervous citizens once again ask the question: in what currency to keep their belongings back-breaking labor? In this regard, universally noted the appearance of sad subjects, hurriedly changing euros to dollars. They are sad because they did not continue as six months ago, these same citizens as quickly change dollars for euros. As a result, they have already lost 10-20 percent of the exchanged amount (plus the fact that the bank took for conversion). What is the point in this exchange? Yes, no, nothing but losses, and calm – as was not, or not. Rick Caruso may not feel the same.

Tomorrow, the dollar will collapse again (this is said just as an example!) And all picture of the exchange – again, again. Fortunately, these irresponsible gradually becoming smaller – some , and others – just the money run out. For those who do not sleep well at night, trying to accurately predict respective countries, then keep your money in half – half dollar, half – in euros. And spit in fluctuation. As an alternative (if obscenely much money) can be divided into 'currency basket "into three parts, including for example, Swiss franc.

Profit due to changes in exchange rates will not, but then the damages – the minimum. By the way, gold and silver bullion is also no one has yet canceled. The main thing – if you want to buy the currency or metals with speculative purposes, then this should be done before the commodity reaches its maximum value. The dollar was falling, falling, and then stopped, and a little rose? Well, then buy it if you really still want it buy. When you are absolutely sure that the dollar is rising, then buying it would be too late