"To me, we are still in a crisis," Mr Trichet said. "It is not just the privilege of Europe to still be in a crisis." Starting 35 years ago with Latin America and Asia, the global economy remains in period of structural adaptation, he aid, with major western economies currently the focus. Mr Trichet : a mix of globalization and the instant transmission of information to investors made possible by the internet may have made a permanent change to the financial system. Without defining it, Mr Trichet suggested it may present a new "tail risk" to policymakers. "That is something to do with behavioural contagion that is not captured by traditional modelling." In a visit to Harvard University earlier this week, Mr Trichet insisted that "I don't regret anything " about the ECB's policy while he was leading it during the crisis. The ECB was widely criticised for raising interest rates last April. The increase has since been reversed.I would have thought that technological innovation and emerging markets should have boosted the real economy in the last decades. But unfortunately the real economy is infested with financial parasites, and the structural adaption he talks about is the transformation of the world into a latin american society - some mega-rich corrupt parasites, the rest starving and treated like domestic animals.
Access Investments-Building Awareness - European Union-ROMANIA
Saturday, March 24, 2012
Post for ....3/25/2012
"To me, we are still in a crisis," Mr Trichet said. "It is not just the privilege of Europe to still be in a crisis." Starting 35 years ago with Latin America and Asia, the global economy remains in period of structural adaptation, he aid, with major western economies currently the focus. Mr Trichet : a mix of globalization and the instant transmission of information to investors made possible by the internet may have made a permanent change to the financial system. Without defining it, Mr Trichet suggested it may present a new "tail risk" to policymakers. "That is something to do with behavioural contagion that is not captured by traditional modelling." In a visit to Harvard University earlier this week, Mr Trichet insisted that "I don't regret anything " about the ECB's policy while he was leading it during the crisis. The ECB was widely criticised for raising interest rates last April. The increase has since been reversed.I would have thought that technological innovation and emerging markets should have boosted the real economy in the last decades. But unfortunately the real economy is infested with financial parasites, and the structural adaption he talks about is the transformation of the world into a latin american society - some mega-rich corrupt parasites, the rest starving and treated like domestic animals.
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Goldman Sachs is pressing ahead with plans for a new European headquarters in London by holding discussions with Lord Foster and two other leading firms of architects.
The US investment bank – whose boss has gone on an internal "muppet hunt" – has discussed plans to build a new campus for its European operations on Farringdon Street with Foster and Partners, the architects behind the Gherkin and Wembley Stadium, and two US practices, Kohn Pedersen Fox and SOM. KPF designed Goldman's existing London offices.
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