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PrudentinvestorUser
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I am an INDEPENDENT Certified Financial Analyst who worked as a financial journalist for 15+ years and now evaluate global market trends. Analyzing financial and political news permanently I want to share my insight with those who understand that we are in an era of global redistribution of wealth. The US-European centric approach does not work anymore. Five billion people in the developing countries now demand their fair share of the world's resources.
A new report published by the European Central Bank (ECB) arrives at the conclusion that the stress testing methods of Eurozone banks are inadequate and have been introduced in some cases only after the beginning of the credit crisis in August 2007. The report on "EU Banks' Liquidity Stress Testing and Contingency Funding Plans" carried out by the ECB's... read more
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According to a flash estimate of Eurostat statistics office Eurozone inflation plummeted to 2.1% in November after 3.2% in October. While the flash estimate delivers no details on the price changes in the goods basket it can be safely assumed that plunging oil prices and receding commodity prices in general will have contributed prominently to the dramatic... read more
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Flirting with the Hindu theory of reincarnation I have decided to do my utmost that may give me a chance to be reborn as a bank. Just imagine what life must be like. Compare it maybe to a video game where the drunk driver can crash into a wedding party, killing most attendees and wrecking the car. At that point Uncle Sam comes around, saying "no problem boy, never mind all the... read more
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