Mittwoch, 24. September 2008
Russia in WTO and EU...?
Maybe in 2000 years!!! Especially in the light of the Gergian conflict, there are more and more protests form the West. Russia is being criticized for being an suppressor of the neighbouring country and using force, however thats only one side of the medal. Russia is trying hard in order to come closer to become the part of WTO, however everything is aginst this country. Maybe there is no need to become a part of one Allianz and instead creating its own one, like OPEC, but with different resources available in Russia, and then Rissia could have its own WTO........
Donnerstag, 18. September 2008
World Wide Crises... Crack in the system or repetition of the same mistakes?
One of the worlds biggest financial enterprises are falling apart, like the Lehman Brothers, and 
there are talks regarding the same thing whcih might happen to the biggest insurance company in US AIG. As the ex-chief of the US Federal Reserve System characterised the current financial crises Alan Grinspen, that this event happens “once in 100 years” is true. However on the other hand looking 
back at the Asian Financial Crises it was the peoples expectations, government and banks decisions which made it happen. Sounds a bit like the beginning of the mortgage crises, in regards to peoples expectations and decision making. The US crises pulled down the Russian market, which collapsed after the world market collapse. In the 80s the managers in US from Sales and Loans agreed that what they were doing was highly risky, however in order to compete they had to go for it. Sounds also like the mistaken which led to the mortgage crises. Banks were sure that in case loans wont be paid back, they had government as the strongest security behind them……wrong! Even the fourth largest bank in US (Lehman) was not backed up. In my opinion it’s vicious circle of mistakes which comes from greed and race for money, which turns out to be the 
backbone of the 21st century problem. Short term gains made us blind, and incapable of forseeing the long term or “ripple effect” of our actions.
there are talks regarding the same thing whcih might happen to the biggest insurance company in US AIG. As the ex-chief of the US Federal Reserve System characterised the current financial crises Alan Grinspen, that this event happens “once in 100 years” is true. However on the other hand looking 
back at the Asian Financial Crises it was the peoples expectations, government and banks decisions which made it happen. Sounds a bit like the beginning of the mortgage crises, in regards to peoples expectations and decision making. The US crises pulled down the Russian market, which collapsed after the world market collapse. In the 80s the managers in US from Sales and Loans agreed that what they were doing was highly risky, however in order to compete they had to go for it. Sounds also like the mistaken which led to the mortgage crises. Banks were sure that in case loans wont be paid back, they had government as the strongest security behind them……wrong! Even the fourth largest bank in US (Lehman) was not backed up. In my opinion it’s vicious circle of mistakes which comes from greed and race for money, which turns out to be the 
backbone of the 21st century problem. Short term gains made us blind, and incapable of forseeing the long term or “ripple effect” of our actions. Now for the next couple of years banking industry will play safe and then liquidity will be redeemed, along with the old habit of going for a profit. The question is if it will be short term profit not focusing on what effect it will have or will we learn…?
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