Stock markets around the world plunged Thursday by amounts large enough and consistent enough to sends chills through investors everywhere, prompting many to ask: Is something serious happening?
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The Australian dollar closed at a four-month-low on Friday as concerns about sovereign debt in several European nations dampened demand for high-yielding assets.
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Canada's gross domestic product is expected to grow 2.6% in 2010 and 3.2% in 2011, according to the average forecasts in a survey of private-sector economists in December by the federal Finance Department which will form the basis for planning the 2010 Budget next month.
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The Greek government has embarked upon a draconian austerity package, aimed at bringing its budget deficit within the limits required by the European Central Bank. In doing so, it will test – possibly to breaking point – the fundamental tenets of Economic and Monetary Union.
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UK markets fell further in late morning deals as nervousness about how far the Greek debt worries could spread dragged US and Asian markets lower overnight.
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Duvvuri Subbarao on Friday sent out an unequivocal call for help to the government, likening his dilemma of exiting from an expansionary monetary policy to that of the Pandava warrior Abhimanyu in the Mahabharata war.
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Modern humans take pride in themselves and their society due to its perceived superiority. It is contrasted most starkly with a period in Europe known as the Dark Ages , a period of little documented innovation, writing, scientific discovery, and general backwardness.
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Flag carrier Air China said yesterday it expected to return to profitability in 2009, helped by a recovery in domestic passenger demand and lower fuel costs.
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The cost of delivering Middle East crude to Asia, the world's busiest route for supertankers, fell the most in two months as demand slowed.
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What a difference a political statement from the world's most powerful Head of State can do to the markets!! The US administration seems to be realising perhaps belatedly the dangers of encouraging marvellously engineered financial products that are built around far-from-solid core.
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The central banks of China and Taiwan tightened policy on Tuesday to drain money from the banking system, marking intensified efforts in the region to head off inflation and cool asset bubbles.
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As China's economy is back on track, growth in both Consumer and Producer Price Indices has returned to positive territory after months of decline. But the increases have fueled concern over inflation. Will inflation be a problem for the Chinese economy in 2010? Do we need to keep an eye on it? Economists seem to have different opinions...
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Britain's worst economic downturn since 1921 is finally over, a leading economic think-tank said yesterday.
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The trade in goods deficit narrowed by more than expected to 6.8bn pound from 7bn pound in October, after exports edged up by 0.1pc and imports fell by 0.8pc.
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In November the US trade deficit reached a 10-month high.Nevertheless the exports were going up and American manufacturers seem to profit from the global economy.
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India has moved up 35 places to become the 88th best country in the world to live, leaving behind nations like Russia and China, according to a survey.
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Spain suffered a drop in foreign tourists of 8.7 percent last year due to the global economic slowdown, the government said Wednesday, its second straight year of falling visitor numbers.
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The German economy posted its biggest contraction since the Second World War last year as the global financial crisis engulfed Europe's economic powerhouse, the nation's statistics office said on Wednesday.
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A new year, a new decade, but what kind of economy? Let me start big and gradually bring it down to size.
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Russia's gross domestic product (GDP) growth picked up in the final three months of the year, quarter-on-quarter, delivering on earlier hopes that the fragile economic recovery that started in the summer would continue.
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Get expert financial advice from Matthew Roszak and prepare yourself for the future.
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Thanks To Crazymarkets.com
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Thanks to Crazymarkets.com and our steady stream of articles and analysis, you can decipher the trends. It is like having your own crystal ball. If the markets are an online casino, you can turn it into a online slots machine that never stops paying off.
It is all about control and instead of the marketing controlling you, you are firmly in control of what you are doing. You won't fall into the trap of doubling up in order to recoup losses. When you do this, you've stopped to invest and begun to gamble. Crazymarkets.com hands you the control you need to tame the markets. Should you have any questions or comments please do not hesitate to contact us.
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Investing Yourself in Your Investments
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When it comes to the financial markets and investing in them, one of the biggest mistakes that people make is that they fail to make the effort to know what they are doing. They are playing the market without knowing what the difference between a put and a call. They have no idea what a butterfly or straddle is. Nor do they know the difference between going short and going long. Forget about being inexcusable, this is unforgivable.
Do your homework. Spend some time doing the research and understand what you are doing.
You’d be excused for thinking this is a rookie error but sadly it’s not. It’s one of the problems why Wall Street fared so badly in the second half of 2008. Many people were doing things they didn’t truly understand. Overleveraging was a massive problem as was sub-prime lending. People were happy to cash the profits but weren’t too concerned what the cost of them was.
The same thing happened with Barings Bank and Nick Leeson. When he was making unauthorized speculative trades this was ok because his ÂŁ10 million profits accounted for about a tenth of Barings annual income. He received a bonus two and a half times his annual salary. But when things went south and losses grew to over ÂŁ200 million they turned his back on him.
You don’t normally hear the sob stories because no one wants to tell them. Everyone only brags about how well they did. But one has to truly appreciate the risks of playing the market. Like anything the potential ups equal the downs and one has to be prepared for both outcomes.
The problem is when people look for short cuts and like most things, you can’t rush things. You just have to let them be and let things take their natural course. If you don’t have any patience, than the financial markets definitely aren’t for you. The same if you are worrier. Do you really want to be logged in to your computer or Blackberry every second of the day monitoring your portfolio and seeing how much money you’ve gained or lost in the last 80 seconds?
Investing is meant to be a step to take care of you at the end of your life. It’s meant to take your worries away. It isn’t meant to be the source of your worries.
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Poker and the Financial Crisis
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The financial crisis hitting the world has caused many people to be worried about the future. Jobs are scarcer, incomes are lower and investments are, for some, entirely wiped out. Where does all this financial doom and gloom leave the world of poker?
The Financial Crisis and Big Live Events
If last year's World Series of Poker is any indication, poker players have a fair amount of insulation against the economic crash. The 2008 World Series of Poker main event saw 6,844 players satellite in or put up the $10,000 entry fee, resulting in the second largest main event field of all time, and a first place prize of over nine million dollars.
In addition, World Series of Poker spinoffs, such as the World Series of Poker Circuit Tournaments and the World Series of Poker Europe, are seeing plenty of success, with full table after full table for every event. Poker is still going strong in other parts of the world as well, on the European Poker Tour, in Macau poker tournaments and on the Asian Poker Tour.
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Financial And Currency Markets
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The financial and currency markets are crazy - there is no disputing this. When you expect it to do one thing and move one way, it heads in the opposite direction. No wonder that people equate the markets to gambling - there is a great parallel between the two especially when you feel like you are betting instead of making informed decisions.
In both instances, people are often intimidated, confused and perplexed. With so much money flying around in both the markets and an online casino and there seemingly not much rhyme or reason to it, it can feel that no-one knows what is going on. Thanks to Crazymarkets.com, you can find some method to the madness and have your finger on the pulse of it all. This understanding can be converted into long-term financial gains.
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