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Feb 14, 2010

The New York Times : FGC BOLSA -FGC FINANCIAL MARKETS:MY ALERTS February 14,2010

The New York Times

February 14, 2010

My Alerts

February 14, 2010 Compiled: 1:16 AM


A bureaucrat accused of being the source of faulty figures on Greece’s deficit says his agency was never to blame.


Wall Street did not create Europe’s debt problem, but bankers enabled Greece and others to borrow beyond their means, in deals that were perfectly legal.

The Gurus Blog : Who Caused this crisis? All Votes

The articles that you will read below is a translation From Spanish to English of an excellent research made by the Gurus Blog.; on topics related to the subject on Title. Visit  their site clicking on the next link:

Posted: February 13, 2010 03:00 PM PST
encuesta culpables Global Financial Collapse
I learn, thanks to great Blog The Big PictureThat the financial world are actively participating in a survey most curious that he initiated the sympathetic, and highly recommended blog Real World economists Review.
The survey attempts to define which are the three most influential economists blame on the GFC (Global Finance Colpse) or global financial collapse.
We encourage you to participate in the survey is very interesting, but first let us see what are the shortlisted candidates and what positions of importance or relation to the economy have each of them:
Fischer Black and Myron Scholes: There were two major drivers with ominous fincieros derivatives calculations that were trying to give importance to their calculation future, hypothetical calculation that only helped to increase the financial bubble even more.
Eugene Fama: His theories of the market to encourage more efficient way antiregulador, and therefore less secure than a secure and quasi-efficient market.
Milton Friedman: He opened the door for everyone, thanks to a simplistic model of monetary circulation, theorizing, without fear of being little connected to reality.
Alan Greenspan: What else to say he was director of the U.S. Federal Reserve from 1987 until 2006.
Assar Lindbeck: The Swedish economist has contributed significantly to the conversion of professional economists and world public opinion towards market fundamentalism.
Robert Lucas: His development of the rational expectations hypothesis, which defines rationality as the ability to predict the future, has served to keep the proposed Friedman on which monetary factors do not affect the real economy and in the name of "rigor" , distanced himself further from the real economy that Friedman had thought possible.
Richard Portes: As Secretary General of the Royal Economic Society from 1992 to 2008, helped suppress the concern expressed by economists not current on developments in the financial sector.
Edward Prescott and Finn E. Kydland: Jointly developed the theory that by omitting the role of credit, would diminish greatly the understanding of the profession of the dynamic economy of macroeconomic processes.
Paul Samuelson: He popularized neoclassical economics, which contributes even more than any other economist to disseminate the need for deregulation of the markets.
Larry Summers: Secretary of the Treasury of the United States.
Posted: February 13, 2010 01:21 PM PST
goldman sachs gestion activos financieros
Marc Spilker, who until now was chief executive Asset Management (asset management equity) of Goldman Sachs and member of the management committee of Goldman, has decided to leave the company unexpectedly New Yorker, as reported by internal reports later this week and realized the web Dealbook.
Marc Spilker to date was in control or management on total assets of 822,000 million dollars, including in this amount: private equity, hedge funds and other internal accounts managed by it directly.
Apparently, and according to the company itself has had an internal document, Marc Spilker will get a senior director in charge of Goldman Group, a strategic position in the corporate group will not directly pay for it.
Of course this goes to show frightened the poor state of Goldman Sachs, in terms of managing own assets. Something that, following the departure of Spilker, will have to start cover Edward Forst, chief executive of Goldman's investments to date.
Forst, who has also been advertised internally and officially, is one of the cornerstones of the company during this crisis, it is also the director of strategic business group, One of the few pillars in which, the board seems to lay the foundations of an early recovery.
Therefore see what happens to those 822,000 million in assets after this change of direction, clearly appears that the change is not based on just a good situation.
Posted: February 13, 2010 01:01 AM PST
pijamas en shanghai china
With the Chinese government censor the web and trying to suppress online dissent, it seems that the new government offensive in the city of Shanghai, with the holding of the Expo just around the doors, is directed against a practice "is considered very dangerous "and that has become a tradition among the local population. PAJAMAS
The pajamas. If you have heard it seems that Shanghai is a classic walk down the street in pajamas, so the government has decided to mobilize local volunteer committees to be telling those who are wont go walking down the street in pajamas, who are abandoning the practice.
Frankly, I still do not understand very well, the practices of some governments to try to retrain people's behavior, especially when these are completely harmless. Obviously in Spain, we can hit enough to see someone walking down the street in pajamas, but in a city like Shanghai, with some neighborhoods with a high degree of overcrowding, no clear division between public and private space, carrying his pajamas since it is a simple matter of convenience.

The New York Times : Business:


Hype, Money and Cornstarch: What It Takes to Win at Westminster
To win at the big dog shows, lots of money is needed for professional handlers,

groomers and even ad campaigns in publications like Dog News and The 
Canine Chronicle.

In Detroit, Is There Life After the Big 3?
As parts makers add customers like NASA and solar power companies, 

they are helping to offset the tens of thousands of lost jobs in the 
auto industry.

What’s Sustainable About This Budget?
War and recession are valid reasons for running a deficit, 

but the president’s budget makes it unmanageable,
N. Gregory Mankiw says.

More Business News

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Money Morning: Weekend Roundup: How to Profit From China's Next Move

February 14, 2010
Web Event: Go Behind Big Oil's Closed Doors
There's a reason Dr. Kent Moors knows what goes on in the energy industry's closed door meetings. Because he goes to them. Dr. Moors has been advising the "Big Boys" for 31 years - including oil producers throughout Russia, the Persian Gulf and North Africa. The intelligence he gathers from these meetings is worth billions... and impossible to get anywhere else. Until now. Sign up now, for free, and gain exclusive access to Dr. Moors' exclusive web event, The 5 Energy Shocks of 2010.

It's Time For "Banks" to Stop High-Risk Trading
By Shah Gilani, Contributing Editor, Money Morning

When members of the Senate Banking Committee recently asked Paul A. Volcker how regulators would identify banks engaged in excessive, high-risk trading, the former U.S. Federal Reserve chairman quipped: "It's like pornography - you know it when you see it."

Volcker wants to make it illegal for banks to engage in such high-risk activities as "proprietary trading" - when an institution trades for its own accounts, as opposed to making trades for customer accounts. But as Volcker's comment illustrates, the proposal - known as "Volcker's Rule" - the whole concept of high-risk trading is pretty hazy and hard to define.

Just as hazy is the definition of what now constitutes a bank.

Long gone are the elegant subtleties of form and finesse that once defined the bank. In recent years, the entire concept has been cheapened by the vulgar obviousness of grossly enhanced compensation schemes.

No company better embodies this transformation than Goldman Sachs.

Read the Full Story Here

The Global Race for the 3rd Element Is On...
The Daily Mail calls it, "A wonder... that may save the planet." And nations are battling to get their hands on this element that could soon siphon off as much as $10.4 trillion in oil revenues. Which tiny company controls 50% of the market? Find out here.

How to Profit From China's Next Move
[Editor's Note: Guru Keith Fitz-Gerald is one of the world's leading experts on global investing, especially relating to Asia's emergence as an international powerhouse. He details the extraordinary profit potential of China - and other emerging markets - in his new best-seller, "Financial Hangover."]

By Keith Fitz-Gerald, Chief Investment Strategist, Money Morning

For many investors who don't have the benefit of 20 years of experience in Asia like I do, figuring out what Beijing is up to is both puzzling and difficult.

But a handy little tool called a "Form 13F" can help.

In case you're not familiar with it, the 13F is a disclosure document that the U.S. Securities and Exchange Commission (SEC) requires institutional-investment managers to file when they hold $100 million or more of certain U.S.-listed stocks.

China's $300 billion sovereign wealth fund (SWF) - the China Investment Corp. (CIC) - just filed its first-ever 13F with the SEC, revealing that it purchased about $9.6 billion worth of U.S. stocks last year.

And it confirms much of what we've been telling you since the global financial crisis began - namely that China would take advantage of the crisis by purchasing beaten-down stocks, resources, and hard assets ... and in a big way.

Even more important, this filing hints at what China is likely to do next - an insight that will help investors figure out where to put their money in order to maximize their personal profits.

Read the Full Story Here