Leestips - Zaterdagbijlage DDSFI, 24 augustus 2013

U vindt hier de titel (wat direct ook de link is), en de eerste alinea's.

 

Over het 50-jarig Elysée Verdrag tussen Frankrijk en Duitsland. Der Spiegel maakte er een mooi overzicht van.

Een must read voor iedereen die wat wil weten over monetaire economie en de werking van het financiële systeem.

After the financial crisis erupted in 2008, many observers blamed the crisis in large part on the fact that too many financial firms had loaded up on debt while relying on only a thin layer of equity. The reason is straightforward: whereas equity can absorb a business downturn – profits fall, but the firm does not immediately fail – debt is less forgiving, because creditors do not wait around to be paid. Short-term creditors cash out or refuse to roll over their loans, denying credit to financially weakened firms. Long-term creditors demand to be “made whole” and sue. Without cash, the firm fails.

The challenges faced by corporate venture capital programs to achieve their strategic and financial objectives were set for debate leveraging on contributions from diverse agents with different visions: academia, European corporations, North American corporations, independent VCs. The event drew conclusions that can contribute to the effective development of this activity in Spain and the European Union.

Communist Party cadres have filled meeting halls around China to hear a somber, secretive warning issued by senior leaders. Power could escape their grip, they have been told, unless the party eradicates seven subversive currents coursing through Chinese society.

Interessante bijdrage van dr. Andreas Dombret -via de Duitse Bundesbank- over 'too big too fail' banken, systeemrisico's en de problematiek van 'afwikkelmechanismen'. (Voor de liefhebber).

De onderbouwing van de € 6 mrd aan extra bezuinigingen die ons in 2014 boven het hoofd hangen, is gestoeld op drogredenen. De PvdA wordt hiermee verantwoordelijk voor tien duizenden extra werklozen en moet zich afvragen of dat nu echt is waarvoor zij wil kiezen.

Wie lange sollen die Deutschen noch für die Euro-Rettung zahlen?

Absolute leestip dit paper van Richard W. Rahn over concurerende nongovernmental currencies.

In recent weeks, talk about a budding recovery in the eurozone has gained traction, with key indices pointing to expansion in the core countries – data that many are citing as evidence that austerity is finally working. Money-market funds from the United States are returning, albeit cautiously, to resume funding of European bank debt. Even Goldman Sachs is now bullishly piling into European equities. But is a recovery really underway?