Humans are creations of habits and quickly feel uncomfortable, when something – or someone – disrupts their habits. For decades, the creature of the human stock-investor could be sure that ‘falling oil’ means ‘rising stocks’. After all, we learned from dusty textbooks back at the university or private investment experience, that with cheaper oil: • Private households and companies would …
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Taxes and China – Romania’s biggest economic risks
According to Oxford Economics, right now the main risk for the Romanian economy is a strong slowdown of China’s economy, which would delete 2% of the estimated growth of Romania’s GDP. But no worry. So far, Oxford Economics’ own forecast is for Chinese growth to ‘slow gradually’ over five years from the current 6.9% to as little as 2.9%. This …
Read More »Figures for the record book
The first, the biggest, the highest, the largest – and a few other remarkable financial- and business world records. The biggest one-day-drop in percent for the Dow Jones Industrial was on Monday, October 19, 1987 when the Dow lost 22,61%. The highest one-day-gain in percent occurred more than 80 years ago. On Wednesday, March 15, 1933, the Dow recovered by …
Read More »Robots taking over
This is the beginning of the end of manual labor for humans Exactly 30 years ago, a science-fiction movie called ‘Short Circuit’ centers upon the experimental military robot ‘Number 5’ that is struck by lightning and gains a more human-like intelligence, with which the robot embarks to explore the real world. Well, this film-fiction is coming soon – in one …
Read More »China’s Hotspots
The six dangerous hotspots of the chinese economy right now 1. Overcapacity In basically each industrial sector, the chinese factories have currently much bigger production-facilities (and number of employees) than really needed. In the steel-sector for instance, the overcapacity is about 350 million tons/year sending steel prices on the market down the tube. But China has not followed through on …
Read More »China’s big shopping-tour
Chinese companies realized a record of acquisitions abroad this year. In just the first 2 month of 2016, the chinese bought foreign companies in value of over 80 billion USD thereby clearly topping last year’s record figures. What’s behind this buying spree? For once, the declining opportunities at home have spurred chinese investors to look abroad. Big real estate purchases, …
Read More »What leaders do
The Leader-List You want to be a leader in business? Fine, here are 20 things truly great leaders have and apply every day. Do you keep up? 1. Great Leaders share their vision. The most important thing a leader can do is provide his or her team with a goal that is worth their time. Granted, the boss doesn’t always …
Read More »How the world spends the money
Romanians allocate less than 1% of the household expenditures for investments, but spend 7% of their income on alcoholic drinks and cigarettes, said Adrian Vasilescu, advisor for strategy with the National Bank of Romania (BNR) this week at a conference in Bucharest. And even the expenditures for clothing and footwear (5%) were below the average amount spent for cigs and …
Read More »The New Reality For Oil
30 to 45 USD – the new reality for oil This morning, after secret negotiations in Doha – the capital of Qatar – the four oil-producers Saudi Arabia, Qatar, Russia and Venezuela agreed to freeze their output at January levels. The common goal of this agreement is, of course, to tackle the oil price, who after 19 months of declines …
Read More »The bank and the client
A few days ago, I met Dan, an old friend of mine and he made the impression to be in a good mood. ‘Hello Dan, you look happy.’ I said to him while we were shaking hands. ‘Well’, he replied ‘I finally managed to save some money’. Dan explained, that after more than a year of starting his new job …
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