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Posted on General | 11:43 pm
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This is the year in which Europe will either fall apart or emerged stronger. I give it 75% that it emerges as a stronger union but the risk of collapse is still there. Germany has the key to solve the problem because of the size of its economy, its saving rate and its export volume. Germany has to decide on whether it continues to transfer some of its wealth in order to create markets for its exports or it let’s Europe fall apart and ends up with an overvalued currency and deteriorated markets. Already today it started paying negative interest rates which is a prelude in my view to a huge rise in the DM should it be born again. Tough choice. I think Germany can actually both save Europe and make money by buying underpriced Italian and Spanish bonds and selling them after stabilization. It can do what the FED did with many financial institutions, make a profit by providing much needed liquidity at a critical time.
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Posted by killy-the-frog - September 22, 2006 3:59 pm - #
Yes he is right… USA are the leader… in polution…
Check that: http://www.breathingearth.net (website blocked from China)
In a time most of the world strongly disagree with USA foreign policy, USA leaders should understand that many people do not want USA to lead the world.
First USA should take action against global warming (or at least stop slowing down the others by stopping fighting Kyoto treaty), then they can start speaking of showing the path.
For China, we should not forget that there is a huge difference between the law and the reality. there are many environmental laws, but they are not enforced, because local leaders do not care, and because many are corrupted. And as there is no freedom of press, so the media can not really denounce these corrupt local leaders and factory owners.
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Posted by Anonymous - September 29, 2006 4:00 pm - #
There are companies out there,that have made good
Progress in fighting air pollution i am working
with this one called EthosFR here is one of the
jrojects Ethos is working on.
http://www.sandiegomag.com/issues/april05/business0405.asp
Clean Air Act
A small San Diego company is playing a big role in reducing air pollution in Beijing as China clears the air for the 2008 Olympics