Sunday, June 17, 2012

Eurexit - Greece and Nokia

Athens general index and stock price of Nokia show the same time course of debilitation.

What is the diriving force for these dramatic changes?

What made the difference between the US and the Eurozone?

Politics, No.

It is the changes which Apple, Facebook, and Shale gas brought to the US.

Nothing new happened in Europe after the emergence of Euro except Harry Potter, which is from England.

The euro has been is the only useful, influential and valuable invention from the Europe lately.

It was interesting to see new words coined such as Grexit, Spexit et al.

I suggest a new word.

Eurexit  - European exit from gobal economy

Ex 1.  Now it's time for Euro countries to worry of Eurexit, not of Grexit.

Wednesday, June 6, 2012

Diverging Interest Rates of Europe

Interest rates of European countries are diverging since the financial crisis.
Divergence happened in early seventies and convergence in late nineties.
This could be in an early stage of a long-term trend.