Thursday, October 16, 2008

nyt , brooks, a republican, on obama

http://www.nytimes.com/2008/10/17/opinion/17brooks.html?hp

This was not evident back in the “fierce urgency of now” days, but it is now. And it is easy to sketch out a scenario in which he could be a great president. He would be untroubled by self-destructive demons or indiscipline. With that cool manner, he would see reality unfiltered. He could gather — already has gathered — some of the smartest minds in public policy, and, untroubled by intellectual insecurity, he could give them free rein. Though he is young, it is easy to imagine him at the cabinet table, leading a subtle discussion of some long-term problem.

...........

It could be that Obama will be an observer, not a leader. Rather than throwing himself passionately into his causes, he will stand back. Congressional leaders, put off by his supposed intellectual superiority, will just go their own way. Lost in his own nuance, he will be passive and ineffectual. Lack of passion will produce lack of courage. The Obama greatness will give way to the Obama anti-climax.

We can each guess how the story ends. But over the past two years, Obama has clearly worn well with voters. Far from a celebrity fad, he is self-contained, self-controlled and maybe even a little dull.

Monday, October 06, 2008

latest news / lehman/buft/racism and obama

http://www.iht.com/articles/2008/10/06/business/06gene.php
http://www.iht.com/articles/2008/10/06/business/free.php
http://www.iht.com/articles/2008/10/06/business/buffett.php
http://www.iht.com/articles/2008/10/06/business/lehman.php
http://www.iht.com/articles/2008/10/06/business/fuld.php
http://iht.com/articles/2008/10/06/opinion/edkristof.php
http://iht.com/articles/2008/10/06/europe/politicus.php

markets and cannon rothschild

argentina returns to the internartional debt market


dubai property red alarm

Friday, October 03, 2008

lehman bakrupcy: dynamics of the strangling. Lessons

lehman bloomberg



Lessons to be drawn : European countries intervened witha certian coordination to rescue the other large groups from the same problem amplified after the fall out of LEH ( see Hypo, Fortis, Dexia). The strange thing is the lack of cooperation and secured financing in the US to choke off the liquidity strangling.

Steinbrueck, Germany , the crisis and the gaz deal


A new star is rising the European firmament of anti capitalism, his name is Peer Steinbrück, his fierce attack on the the American model and the end of its hegemony was accompanied 2 days later by the collapse of the larger commercial estate lender in Germany , Hypo real estate , and its demise as rubbish to be swept away gradually. The German finance minsiter has demonstrated a great coherence on his anti cpaitalistic views but a short sightedness on the reasons and ramifications of the crisis. While socialism is unveiling the mantra of anti americanism asa demagogical tool of sad memory, it shows a far more realistic Welt anschaung when it comes to broker deal with gaz and the Putin regime ratehr than supporting the the fate of one of the largest financial institutions affected by the credit crisis as many others in Europe.

In the meantime rumors on the end of the USA are still spread from Russia with a nostaligc touch for the good old times of the Soviet Union in spite of their own domestic financial crisis . Which takes you back to the famous quote: rumors over my death were exagerated.

Lets hope that democratic and republican institutions are good and dynamic enough to reform the system proving to be a better alternative than authoritarian regimes. this is a new challenge for America but also for Europe.

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