Euro ‘May Not Survive’ Deficit Crisis, Soros Says (Update1) – BusinessWeek

Posted by Matt in March 2nd, 2010 | no comment

Published in Europe, Financial, Billionaire, Businessweek, Cnn, Currency, Euro, Fareed Zacharia, George Soros, Gps Program, Investor, Treasury

The euro is being “severely tested” and “may not survive” the Greek deficit crisis, billionaire investor George Soros said.
The European currency’s construction is “flawed” because there is “a common central bank, but you don’t have a common treasury,” Soros said on CNN’s “Fareed Zacharia GPS” program.
Euro ‘May Not Survive’ Deficit Crisis, Soros Says (Update1) – [...]

Sarkozy seeks a new order and throws down gauntlet to China – Times Online

Posted by Matt in January 30th, 2010 | no comment

Published in Trade, China Online, China Times, Countries, Currencies, Currency, Gauntlet, George Soros, Investor, Promise, Sarkozy, Trade Surpluses

Yet it was Mr Sarkozy’s new promise to press countries with huge trade surpluses — such as China — to revalue their undervalued currencies that captured attention. It echoed similar comments by George Soros, the veteran investor, earlier in the day that China must let its currency appreciate.
“We cannot preach free trade and at the [...]

BusinessWorld Online: Will China rule the world?

Posted by Matt in January 13th, 2010 | no comment

Published in China, Africa, Astonishing Level, Borders, Business World, Businessworld, China, Chinese Government, Competitor, Economic Power, Financier, Footprint, Global Economy, Globe, Investor, Latin-America, Military Relationships, Research And Development, Thirty Years, Trillion

Thirty years ago, China had a tiny footprint on the global economy and little influence outside its borders, save for a few countries with which it had close political and military relationships.
Today, the country is a remarkable economic power: the world’s manufacturing workshop, its foremost financier, a leading investor across the globe from Africa to [...]

Land Rush in Africa – BusinessWeek

Posted by Matt in November 28th, 2009 | no comment

Published in Africa, Acreage, Agribusinesses, Agriculture, Arab Oil, Businessweek, Crops, Developing Countries, Farmland, Fascination, Fear, Goldman Sachs, Homelands, Investor, Land Rush, Latin-America, Morgan Stanley, Oil Countries, Sachs Gs, Tracts, Water Land

Farmland in developing countries has become an unlikely object of investor fascination. Goldman Sachs (GS), and Morgan Stanley (MS) are each raising hundreds of millions of dollars for agriculture funds aimed at Africa and Latin America. Agribusinesses in the U.S. are leasing vast tracts of African land from which they expect to export crops and [...]

Hitler’s Limousine for Sale with Pharoah-Like Curse

Posted by Matt in November 23rd, 2009 | no comment

Published in Off-Topic, Adolf Hitler, Car Expert, Cars For Sale, Cars Sale, Chequered History, Classic Car, Curse, Investor, Limousine For Sale, Mercedes Limousine, Monster, NAZI, News International, Online News, Shell, Spiegel, Spiegel Online

A Russian investor is about to pay millions for a Mercedes limousine believed to have ferried Adolf Hitler. The classic car expert who tracked it down, Michael Fröhlich, has told SPIEGEL ONLINE about its chequered history — and says a pharoah-like curse may be attached to the five-ton monster.
Nazi Cars for Sale: Russian Investor to [...]

Why This Real Estate Bust Is Different – BusinessWeek

Posted by Matt in November 9th, 2009 | no comment

Published in Economy, Financial, 1960s, Apex, Billionaire, Blowup, Boom And Bust, Businessweek, Bust Cycle, Casualty, Commercial Real Estate, CommercialRealEstate, Downturn, Elkin, Fraud, Gold, Goldman, Housing Market, Investor, Property Price Index, RealEstate, Stratospheric Prices, Trillion, Unrealistic Assumptions, Wilbur Ross

Unrealistic assumptions, layers of investors, sky-high prices, and possible fraud will make it hard to clean up the mess in commercial real estate
It would be easy to write off this blowup as just another casualty in the regular boom-and-bust cycle of the $6.4 trillion commercial real estate market. But the Goldman deal, with its unrealistic [...]

Second Wave Of The Credit Crisis: Collapsing Commercial Real Estate

Posted by Matt in August 23rd, 2009 | no comment

Published in Economy, Business Credit, Collision Course, Commercial Real Estate, Credit Crisis, Economy, Editorials, Insolvency, Investor, New Housing Starts, Oncoming Locomotive, Political Cartoons, Polls, Second Wave, Stock Market, Uptick

The recent uptick in home sales, green shoots of new housing starts and rebounding stock market may suggest that the long-awaited turn in the U.S. economy is here.
But is this daylight at the end of the tunnel or the beam of an oncoming locomotive of commercial real estate insolvency coming down the tracks on a [...]

Oracle Warren Buffett Sees Nothing But Crap

Posted by Matt in March 3rd, 2009 | no comment

Published in Financial, Berkshire Hathaway, Crap, Decline, Financial Crisis, Global Financial Crisis, Helm, Highlights And Lowlights, Investor, Isms, Letter To Shareholders, Money Shots, Oracle, Page Document, Second Time, Trademark, Warren Buffett

Another year, another annual letter to shareholders from renowned investor Warren Buffett.
Ah, but 2008 wasn’t just another year. For only the second time in his 44 years at the helm of Berkshire Hathaway, Buffett reported a decline in the overall value of his company. Which perhaps explains why this year’s letter was a bit light [...]

Putin Is Ruining Russia’s Economy

Posted by Matt in September 19th, 2008 | no comment

Published in Russia, Collapse, Doing Business, Earnings, Investments, Investor, Investors, Mr Putin, News Corp, Rupert Murdoch, Russia Economy, Russia S Economy, Russian Economy, Russian State, Wsj

The market’s collapse, down 57% since May, is linked to the dysfunctional nature of the Russian state and economy. Nearly every aspect of commerce in Russia is deeply entangled with state power, if not with Mr. Putin personally. This, for obvious reasons, does not comfort most investors.
One famous investor in particular was worried about the [...]