Obama

Investors have lost confidence in politicians – Have you?

The recent inability of US politicians to compromise have lead to US credit rating being downgraded. Add to that European politicians’ inadequate response to the debt crisis in the euro zone and it’s understandable markets are in turmoil. Politicians all over the world really need to step up to the plate and do something drastic to reduce the risks to the global economy. [...]

America China – The Power is Moving!

According to the OECD, Western countries’ debts in 2008 were equivalent of to 100% of their GDP. China on the other hand has a deficit equivalent of 21 percent of GDP. So not only is the Chinese economy performing very well, they are also partly bankrolling the West. And money talks. [...]

Corporate takeover of US elections?

Shouldn’t US voters know what corporation or interest group they are voting for? One American expressed his views very clearly on Reuters: “Our politicians should dress like racing drivers – they openly show the logos of who is paying the bills. At the race track the sponsors want to be known. In Washington the sponsors do not want to be known. I do not think Washington understands integrity or “transparency”. [...]

Will regulating banks avert another global crisis?

The G20 group’s discussions this weekend may lead to banks and other financial institutions having to pay two new taxes to fund future bail-outs. Good timing that a former Goldman CDO man just published a novel he wrote “about the cliched high life I had been living while creating and selling billions upon billions of these securitization and credit derivative products, now better known as ‘toxic assets”. [...]

Obama acting like a Nobel Peace Prize laureate

Many of us, even Obama himself, thought the Norwegian Nobel Peace Prize Committee awarded him the price prematurely. But by signing a landmark strategic nuclear disarmament treaty with Russia he is actually beginning to live up to the committees expectations. [...]

The American Dream – what does it stand for today?

It seems to me that a few bankers have managed to hijack and contaminate the American Dream. To them it means looking after number one at the expense of others, which is as far from the true meaning as you can get. And the price for that is being paid by Middle America with their drastically reduced spending power. [...]