humor

fun morning

Dubai World has told lenders it could raise up to $19.4bn from selling its assets, in a bid to repay $14.4bn of the holding company’s debt and restructure its terms, reports the FT.

really, we have assets;) what will remain afterwards?

Intervention threats — the never-yending story (gorgeous headline)

So far, Japanese authorities have relied on mere words to try to stem the rise in the yen. But it has become clear that this tactic, despite being deployed on an almost daily basis from various officials in recent weeks, is beginning to lose its effectiveness.

Too much more of this, and we will have to recommend Japan’s leaders to take “The Boy Who Cried Wolf” to bed with them for night-time reading.

this is wonderful

Zaporizhzhia. 19 august. INTERFAX-UKRAINE
At OAO & quot; Motor Sich" an organized criminal group has been operating for more than two years.
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and as soon as the hope arose, and no, just details, only $0.5 million…

As Interfax-Ukraine was told" in the press service of the prosecutor's office of the Zaporozhye region, six employees of the enterprise were charged with a series of thefts of aviation parts.

During the pre-trial investigation, it was established, that the kidnappers have been making major thefts since April 2008 years to June 2010 of the year. Stolen aircraft parts, the cost of which reaches 4 million UAH, members of an organized criminal group planned to sell to Russia.

Promise-aunt

Spain restores €500m of spending

Spain said on Wednesday it would restore €500m cut from the state infrastructure investment budget for next year in a slight easing of its austerity plans, but would fulfil its promises to keep cutting the annual budget deficit in line with agreed targets.
……
Spanish officials say the extra €500m – which represents only about 0.05 per cent of the country’s gross domestic product – was made possible in part because the cost of servicing the country’s debt is lower than forecast.  :) 
……
Ms Salgado insisted that Spain remained on track to meet its budget targets, with the deficit expected to fall from 11.2 per cent of GDP in 2009 to 9.3 per cent this year, 6 per cent in 2011, 4.4 per cent in 2012 and 3 per cent – the nominal European Union limit – in 2013.

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And another achievement of communism / socialism!

Hungary has revealed that it was asked by North Korea to write-off more than 90 per cent of its outstanding debt in the latest indication of the secretive totalitarian regime’s financial distress. Hungary’s economy ministry told the Financial Times that North Korean negotiators had tabled the request in November 2008 during a meeting in Pyongyang. The revelation follows a report in the FT last week that Pyongyang had asked the Czech Republic to write-off 95 per cent of its Kc186m ($10m) debt. The cash-strapped totalitarian state offered to settle 5 per cent of the debt in ginseng, a root that is said to combat lethargy and impotence.

valuation

….

Even so, earnings growth is a side-show next to the big determinant of a share’s worth: the discount rate. On a simplistic dividend growth model for the S&P 500 index, a reduction in the long-term growth rate from 6 to 5 per cent drops fair value by a third, other things being equal. But lowering the discount rate from 8 to 7 per cent, say, is enough to make the fair value of the S&P 500 roughly double today’s level.

shares of companies around the world will never rise in price

[info]svinoryl already spoke out on the topic with the author's inherent directness, if you haven't seen,
then here link to a wonderful text on one of the main Ukrainian financial resources.

in your own words:
Fed cut rates, that's why the stock went up, but when the rates reached zero the first time, the aces of the world street came up with hedge funds to make money not on stupidity, but on the blunt-fall and the blunt-side. only the smartest know, that the stock market will never rise again. so your whole management industry, this is sheer deception and uselessness.

Job Creation

was looking for an illustration to the idea of ​​the report this week.
liked this, but considered it not correct)

no conspiracy

but the movie, which I wanted to show in the last post,nevertheless appeared on the site, but with a significant pause, neatly integrated directly onto 2 page. “last video”. maybe, it just happened, but it's still funny.

Mark Haines, not correct and not tactful. generally Dave Rovelli,
he seems to understand the market very well. but these are the traditional political arguments..

Contrarian investing

we take a selection of strategies of leading houses every six months, build consensus and do the opposite. in this half of the year, the key positions were the American national debt and the dollar. southern europe really didn’t do anything good, but in general, strategy works.

small note in FT
from funny:
In the event, only Ukranian debt did better than Treasuries; our long position gained about 10 per cent.

Украинский рынок – senseless and merciless (c)

Kyiv. 7 July. INTERFAX-UKRAINE – OJSC & quot; Beer and non-alcoholic plant & quot; Slavutich" (Zaporizhzhia), one of the largest breweries in Ukraine, plans to buy back 6,5% of their shares. According to the official announcement of the enterprise in the press, such a decision was made by its shareholders at the general meeting 25 June this year. The redemption of shares is carried out with 26 June to 26 July this year at a cost 2,1 UAH per share at par – 1 UAH / share.

it is pointless to show a graph in a non-linear form..

in general, I am not aware of the situation, but at first glance it looks very funny.

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