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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (6720)5/24/2006 8:10:05 AM
From: elmatador  Read Replies (1) | Respond to of 217710
 
Several politicians and grassroots organizations are pushing President Susilo Bambang Yudhoyono to emulate Venezuela's Hugo Chavez and seize a bigger chunk of the bounty from his country's natural resources.

businessweek.com

Uhm, interesting.



To: TobagoJack who wrote (6720)5/24/2006 2:15:07 PM
From: elmatador  Respond to of 217710
 
Commodities down? Only if we tell 3 billion people that they are going back to the communist pre-globalization era! Globalization brought in 3 billion people in the market economy. All of them want the goodies. Cars, houses, travel, chocolate, beef, orange juice, real homes, mobile phones, real clothes, kids in the school, the whole kahuna.

That up and down thing is an artifact from the time the G7 was the only game in town and the whole thing needed to be fine tuned to be kept under control. Today? ain't gonna happen.

Asia melt down lasted how long really? Even Argentina defaults on USD100bn and is up and running again and whorld even didn't blink. It seems that this is a brave new world that needs a different type of analysis.



To: TobagoJack who wrote (6720)5/25/2006 12:48:07 PM
From: elmatador  Read Replies (1) | Respond to of 217710
 
IMF facing first annual loss in decades turned to a group of international financial heavyweights to figure out how to pay its bills.
...
In the past the 184-nation lending organization has resorted to selling some of its gold reserves to finance operations

businessweek.com

28.12.2005: Message 22008934

The cow dried up! IMF in dilemma as new loans decline. New loans in the last financial year, at $2.5bn (€2.1bn, £1.4bn), were the lowest since the late 1970s, even before adjusting for inflation. Brazil, Argentina, Turkey and Indonesia account for more than 70 per cent of total outstanding loans -which have fallen from $90bn in April 2004 to about $66bn at the end of November.

IMF in dilemma as new loans decline.
By Andrew Balls in Washington
Published: December 28 2005 02:00 | Last updated: December 28 2005 02:00

A decision by Brazil and Argentina to repay their loans to the International Monetary Fund ahead of schedule raises the question of whether the institution needs a new business model.

Brazil also paid the Paris Club in advance and has alreay the USD5.6bn to pay the debt maturing in 2006 1st semester

WASHINGTON (Reuters) - Emerging market countries are repaying more than they are borrowing from the International Monetary Fund after years of large bailouts, according to the lender's 2005 annual report on Friday

Come on TJ! Go there and buy some gold from the IMF. They need to pay for the First Class tickets and the five start hotels :-)

We are not going to do that anymore!