Will save the uk....borris even the royal family got more than they bargained for ,now they need sarkozy to win election or their wont be a uk ....also hope deutchebank are supported by ecb or germany...no one needs another lehmans crash
leadership are now exposed for dithering... Like I said before they are in headless chicken mode. Is clear now May and many in government are against Brexit and are playing for time to see if they find a way out of it. I think May calls election fir Q1 or Q2.
oil is recovering the market.. it produces inflation with higher prices.. interest rates are not inmune from oil. but .. it is a finite resource.. my perspective on energy. .. this fragile earth may be in trouble the way we. are headed
one of my comments in marketwatch regarding energy.. the oil spike today.
the alleged oil oversupply is a gigantic myth.. at 95mb day.. a fractional loss of hours.. of a few short days of interruption could cause sudden out of proportion $ spikes.. a large use of the energy is the internet usage , it is out of control.. a frenzy.. . in the late 1999's it was estimated the internet consummed 10% of world energy.. today it is likely in the 20-30% range.. the internet has created a voracious need for smart phones, huge data centers that consume more energy than large towns.. just 2 companies - facebook and google generate over 20% of all internet traffic.. add all the so called clouds. for e mails, junk data, and other useless data, pictures that are uploaded daily.. without the internet you might have an extra 25mb day available.. the internet is not only burning the polar caps, and overheating this fragile earth,, but also causing great wars and tension.. the internet energy frenzy is absorbing every possible oil drop worldwide.. the oversupply is an illusion..
according to Opec studies, daily worldwide consumption was at about 90mb day in 2012.. it is projected to reach 96 to 97 mb day by 2018.. a huge daily increase in a few short years..
I was in Hamburg in the summer and was struck by the enormity of the bank's office building in the alter wall district. Palatial offices right opposite my hotel window. And, presumably senior staff burning lights into the late hours. Could be that the giant German bank needs to sell properties, lease back, get more into online stuff, cut staff etc etc. like Hsbc and others have been doing these difficult low interest times.
... Merkel unlike other politicians who have never known any other job than politics has been positive for the business side of Gernany.. the EU needs a refresh and a weight reduction diet.. too many little countries that are not positive for Europe.. these little countries allowed turkey to open the gates of syria and flooded the EU with 2mm refugees.. furthermore these little countries did not want to absorb these refugees.. instead Gernany absorbed most.. a terrible decision by these little countries.. the EU would be wise to shrink weight.. and move these countries back to where they belong.. there are many casualties.. Germany, the UK , brexit, the problems of terrorism in France.. what more..?
Problem is we have uncertainty for a good time to come and that won't help banking stocks or more specifically BKIR. We did not strike when the iron was hot and that was at 0,39c and now we can repeat at our leisure...
If he wins he will reform eu....a new deal ....a new package....a new beginning ...another vote under a reformed eu with more control to countries. Im sure uk would vote for a new package if offered by eu
As they say down here in Devon - what has Frau Mutty done wrong that it causes so much controversy here - Germany did not cause the financial crisis and it is not the earthly representative of The Saint Vincent De Paul Society.
Whilst it is true that Germany is very influential where Europe's money is concerned, the Chancellor's first duty is to the German nation as a whole - who would jump in to bail Germany out ?- who could if it got into trouble ? There would be a lot of warm words from across the Atlantic and no doubt sympathy expressed by the City, but their words would be worthless because The City has never forgotten who bought Morgan Grenfell and why.
When you think what has been achieved since the fall of the Iron Curtain in Eastern Germany and the benefits which have made such a difference in Ireland to its road system and water and sewage treatment among other things. Frau Merkel can't take all the credit, but she is wise to be careful with Germany's pension wealth because deficits in funds like B H S and others would be very bad for the re-election prospects of the Christian Democrats for a very long time.
Mrs Merkel does not run Europe, that duty falls to The Commission with people appointed by other country's as Commisioners like the UK, France and Holland. Most appointments are made under a system of political patronage or to get them out of the country like Neil Kinnock and Woy Jenkins or Leon Brittain and Peter Mandelson.
It is well past time that this system was changed, country's should appoint commissioners who actually have relevant knowledge and experience along with the ability to drive the development of the Common Market as it used to be known. What I'm talking about is meritocracy because it is long overdue.
Cream should always rise to the top - under the present system Europe has stagnated when with Interest Rates so low it should have been growing however slowly. Germany has continued to grow its business in spite of the strong Mark in the past, this has continued in spite of the financial crisis more recently - who doesn't drive one of their cars.
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