It is official now, i am no more attached with European Central Bank (ECB).
Partly relief but another half is telling "is this the right moves?"
anyhow, i am with the World Bank(WB) for next 3 years. will be based in Norway-Sweden.
i am back to my origin of interest "trust economics development" and it is nothing to do with trust-funds.
Have I lost my faith on ECB lately? my answer is not yet, remember i've got promoted to WB last june,i've been doing job for both ECB and WB ever-since and now its has to come to the end.
There are several issues that i would like to share here, mostly from my technical analysis.
There are severe indicators on the movement of Euro and the policies in some EU countries that will lead to the destruction of Euro itself, much fears has been put on France.
Like we fear what has happened in Greece,Ireland & Portugal.
French, Spanish, and Italian banks have run out of collateral and are now pledging real assets.
Next you will see a plans to restrict cash transactions over 1,000 euros (down from the current limit of 2,500 euros, or about $3,200).
and Swiss officials are preparing for the end of the euro with capital control measures.
So as i wrote here, Europe's CEOs are actively preparing for the end of the euro despite governmental reassurances.
Some, like German machinery maker GEA Group AG are limiting the maximum funds on deposit with any single bank.
Others, like Grupo Gowex, are moving cash and deposits to Germany away from Spanish banks (and Grupo Gowex is a Spanish company based in Madrid, so this is especially telling).
BMW plans to cut production by 30% while also tapping into central bank reserves, the company is already reducing its leasing portfolio to cope with the potential decrease in car values that would impact its borrowing capacity.
At the same time, money managers the world over are selling their European bonds. This is driving prices lower and yields higher to the point where the cost of debt is now prohibitive (bond prices and yields move in opposite directions).
As a result, new bank bond issuance may be down as much as 85% over the past two years, which further hobbles cash hungry European banks.
As for what all this means for our money, that's pretty clear - think SAFETY FIRST.
Stick with what you have in place now and manage the risk.
I am personally hope that it will be better future if the government-people be able to work it out and be hand to hand helping each other.
We are now in Havana, Cuba for treatment. I will resume my work February,next year onward.
HAPPY BIRTHDAY TO MYSELF- GHEEEE IM TURNED TO 34 OFFICIALLY.
MERRY X'MAS AND HAPPY NEW YEAR AND HAPPY HOLIDAY.
MAY GOD BLESSED YOU.
