Tags: Dollar, Economy, FED, Finance, Marc Faber
Archive | 23:57
Neo-Nazism In Mongolia
3 Aug
A quite peculiar phenomenon is on the rise in Mongolia to protect the “pure Mongolians” from the evils of “foreign crime, rampant inequality, political indifference and corruption” :
“Ultra-nationalists have emerged from an impoverished economy and turned upon outsiders. This time the main targets come from China, the rising power to the south.
Groups such as Tsagaan Khass, or White Swastika, portray themselves as patriots standing up for ordinary citizens in the face of foreign crime, rampant inequality, political indifference and corruption.
..Though Tsagaan Khass (White Swastika) leaders say they do not support violence, they are self-proclaimed Nazis. “Adolf Hitler was someone we respect. He taught us how to preserve national identity,” said the 41-year-old co-founder, who calls himself Big Brother.We don’t agree with his extremism and starting the second world war. We are against all those killings, but we support his ideology. We support nationalism rather than fascism.”
Continue reading the article on The Guardian: Mongolian neo-Nazis: Anti-Chinese sentiment fuels rise of ultra-nationalism.
Postludium Links
3 Aug
The Wall Street Journal: Drought Threatens Crops In Europe.
Bloomberg: Fed Likely to Pass On More Stimulus Amid Signs Economy Weak.
MarketWatch: Americans turning thriftier.
Financial News: Burberry head looks good in bonus index.
Barron’s: Ford’s Better Ideas.
The Financial Times: BMW’s earnings surge on rising demand.
The Economist: The self-inflicted pains of Australia’s Labor Party.
Renewable Energy: We Need A Higher Oil Price!
3 Aug
This week Forbes.com has published an insightful article on the development in China’s renewable energy sector; Western companies may see more peers, but also more potential partners and additional innovation with government funding:
“China’s government was until the global downturn only modestly committed to solar power as an energy alternative–so Chinese producers focused on exports. But in 2009 its stimulus package included subsidies for large solar installation projects; China is now helping its local producers. Other parts of the government, however, show more interest in investment in thin-film makers than domestic silicon-wafer producers, as evidenced by First Solar’s deal in Mongolia. By contrast, European and U.S. governments have long been active promoters of solar energy.”
It seems like this sector is critically dependent on public funding and more driven by random news, rather than fundamentals. Maybe because the fundamentals are harder to analyze when one is dependent on unpredictable politicians. I cross my fingers for a higher oil price – it is good for environment and renewable energy!
Renewable Energy Corporation soars over 5 % today:
But as many other renewable energy companies – no joyride the last 3 years:
WSJ Markets
- Trump Sells Himself Outside the U.S.Donald Trump hasn't licensed his name for a U.S. real-estate project since before the financial downturn. But he has done so for more than a dozen real-estate developments outside the U.S.
- Traders Try to Game Oil-Price BenchmarkSome oil traders say they try to skew Platts oil-price benchmarks by offering to do small deals at a loss, with the goal of doing bigger ones at better prices.
- For Some Investors Emerging Markets Still Provide a LureSome investors are betting recent losses for emerging-market stocks, currencies and bonds will prove to be a temporary setback.
- Stocks Keep on TruckingStocks pushed to the highest levels in nearly three weeks as investors await news on whether the Federal Reserve will pull back on its stimulus measures.
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