Friday, September 23, 2011

IMF Chief, You must bail out the banks again

Protection for Greece and other indebted countries was not just a matter of economics, she said: it was also a way to keep countries together that had spent several centuries fighting each other.
Her philosophy is from Plato, “what the Athenians believed – we must try to work in the best interests of everyone in the city.”

The Warnings of the G20

Prime Minister David Cameron signed his name to a letter also signed by the leaders of Australia, Canada, Indonesia, Mexico and South Korea. The letter warns that recovery will be “difficult”, while there is “limited room for manoeuvre”. The G20 leaders insist an agreement must be reached at the G20′s November summit.
The problem is the letter, not signed by the US or any eurozone state, urges swift action from Washington to put public finances on a sustainable path.
“For the US and many advanced economies the path out of the deep and prolonged recession will be difficult,” warns the letter. “This will impact on growth in emerging markets, and there is more limited room for manoeuvre than in 2009″.

The Kitchen Tables Americans Sit Around…Do you agree…?

First table, you deserve it, so much smarter than everyone else.
Second table, not working hard enough…
Third table, just plain lazy…
Discussion: Do you agree?

Tuesday, September 20, 2011

From Per Jacobsson, World Bank & IMF Meeting

The World Bank Group and the International Monetary Fund, this weekend meeting The Annual Meetings of the World Bank Group and the International Monetary Fund each year brings together central bankers, ministers finance, and development. Private sector executives executives, and academics to discuss issues of  global outlook and economic recovery.

Last year, the Per Jacobsson Foundation Lecture was about the "new normal" by Dr. Mohamed A. El-Erian, who is the Chief Executive Officer and co–Chief Investment Officer of PIMCO, an international investment firm with headquarters in Newport Beach, California. The contextual hypotheses was based on three themes. First, the international monetary system suffered a “sudden stop” three years ago. Second, , the causes of the crisis were many years in the making and included balance sheet excesses, risk management failures at virtually every level of society, antiquated infrastructures, and outmoded governance and incentive systems in both the public and private sectors. Third, the dynamics coming out of the crisis management phase the combination of deleveraging, reregulation, debt overhangs, and structural challenges in key industrial countries are interacting with an accelerating secular realignment of the global economy to create what U.S. Federal Reserve Chairman Ben Bernanke correctly called an “unusually uncertain outlook.” We hope that the analyst of post-crises response will be as insightful as the new normal last years'.
This years' topics are "The IMF and the International Monetary System: Lessons from the Crisis" by Axel Weber, former President of Deutsche Bundesbank. The meeting will be held in  IMF 700 19th St NW, Washington DC HQ1 Gallery (2nd floor). Admission requires either an IMF/World Bank Annual Meetings ID badge.

"What Financial System for the 21st Century" by Andrew Crockett, chaired by Guillermo Ortiz. 
Bank for International Settlements, Centralbahnplatz 2, Basel Switzerland. Admission requires BIS Annual Meetings badge...

Saturday, September 17, 2011

Mobile Site Udon Thani Thailand


The Discussion on Healthcare Continues

Healthcare Debate..

No G20 Communique "You are on your own"

This weeks' meeting of the G20 in Washington, DC is apparently hidden and is not transparent in the open agenda of collaboration. The results is a private dinner meeting of the G20 Finance Ministers and central bankers to discuss secretly the global crisis.

France the G20 chair, will issue on communique on the developments after the meeting on September 23. Collaboration will have to wait or one can participate at the young entrepreneurs G20 meeting. The division of labor is alive and well and permanently  unemployment issues will have to wait.

IMF and other issues such as health care

The US debate between the uninsured and dying...

China and the Economy....

Is supposed to be Collaboration or the World has forgotten about spring time in Thailand..
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