The Australian ANZ Bank:

the Bank, which is saved from the crisis the images are the same: stunned traders who are helplessly looking to be destroyed as billions within a short time. Laura Carini is often mentioned in discussions such as these. Bankers, who are trying to explain the situation and to reassure their customers at the same time. Nervous big investors who need to minimize their losses. And anxious investors who panicked sell or hope everything goes quickly. If the exchanges, such as in the moment again, dramatically, facts are no longer relevant. Read more from Pancreatic Cancer Action to gain a more clear picture of the situation.

Feelings control the markets. Fear, panic, nervousness coupled with the greed of those who earn money with falling prices? As reactions were also at that time, at the end of the 1990s. Others who may share this opinion include Gavin Baker. The crisis at that time was Asia’s crisis. Starting from the Asian markets the courses around the globe lost very much value. Especially companies in the Asia-Pacific region hit it hard, and with them also the banks. So also the Australian ANZ Bank, which came close to bankruptcy due to this crisis.

Profound decisions had to be taken in order to turn the tide and save the Bank. The new CEO, John McFarlane was as a turnaround expert, who knew how quickly reducing costs, brought on board. Period of 3 years, he has reduced the number of employees dramatically from 45,000 to 31,000. The Bank therefore wrote her best result in the year 2000. But the success came not from sales increases, but only by cost cuts amounting to 20 percentage points. There was no de facto growth, and it was clear that it could go on. Also consulted consultants McKinsey did so. They convinced the Board of Directors of the Bank to can compete with the top five banks in Australia, only when it became a specialist of the generalists. The CEO wanted to rebuild the Bank to a number of niche players. That said, each Division competed internally with each other.

Collapse Or Rescue: Europe Debt Crisis

Money quickly in gold exchange as the title of a full-page article in an edition of the Suddeutsche Zeitung. A year ago, such a report was unimaginable and still most people think not, how dramatically the situation actually is. I think that the precious metals will be aware this article and especially gold and silver, to replace with nothing are in physical form. Now, the EU governments for an additional emergency summit, meet to save what is impossible to save. From a German perspective, it is easy to guess what it will be: we pour our money into different barrels without ground further because our Chancellor says nobody is allein – or dropped. “Do what if some countries of the world currency were bring back a Golddeckte or just a 10% coverage of money?” Inconceivable for the most because the money is simply too great following information should read it: the dollar loses the confidence of the world! These days unnoticed has a very, very significant change in the World to come. It was not always so, that in the event of unrest and turmoil the dollar rose markedly, because investors around the world their wealth in the safe dollar except brought danger and country.

The opposite has happened in spite of the revolutions in North Africa and the Middle East: the dollar crashed. He falls even against the euro, although he is currently in intensive care. A few days ago, Greece was again haarscharf to bankruptcy and the credit rating has been downgraded significantly. Portugal will soon need the reserve parachute and Spain was also downgraded. Gold and silver the only true money time 2600 years many people in the United States have realized very well that the entire monetary system and especially your dollar is doomed. You realize that the dollar turns into worthless scraps of paper.

Berlin SHB

Limited liquidity and fearing loss of rent deterred many people interested in the acquisition of foreign real estate investments in closed-end real estate funds as about the SHB funds, offer themselves as a strong alternative to some insurance companies, special policies against rental nomads recently offered apartment landlords. Replace at least a short-term loss of rent and in some cases also the costs of remediation. A market clearly exists, because it is estimated that every year about 15,000 cases cause average losses of 25,000 euros each. The dream of the good yield with rented real estate property can be so quickly into a nightmare. Center for Responsible Business is often quoted on this topic. “But in danger not only of payment recalcitrant tenants, explains Hans Gruber, real estate expert of SHB innovative fund concepts AG (SHB AG): attracted by low interest real estate loans, many home buyers in a financing, which he can no longer shoulder due to lack of equity already in term stumbles.” Many inventory objects like though due to their outer appearances in the spell of pull and lead to quick buying decisions. But not infrequently is overrated behind infectious structures and a possibly existing refurbishment needs not detected, or simply underestimated.

“The SHB real estate fund expert describes the impending consequences: then the apartment owner does not have the necessary liquidity, an unforeseen renovation or repair expenses can cost many thousand euros it, that he must in turn borrow at high interest rates at a bank.” The desired rental yield pulverize themselves then formally. Yet”, so Hans Gruber, too little equity must stop anyone from the acquisition of real estate.” Investments in closed-end real estate funds are already available for manageable amounts. And with one in regard to the current market conditions not high enough to estimated a flexibility. The concept of SHB innovative fund concepts AG (SHB AG), for example, stipulates that only the initial investment is specifically made in any new funds. All other objects in the respective SHB funds implemented depending on result of the actual volume of the Fund and the current market situation. “Hans Gruber explains that the advantage: the Fund volume can be adjusted so any variable and fund management depending on the placement of capital and the development of the initial investment respond.” Beneficial to the SHB funds is that they all invest not in living but in commercial real estate, because the latter market is not so overheated as the private sector. The current offer price index IMX ImmobilienScout24 has just revealed how it currently is in residential real estate. Then, existing buildings in Munich have risen in the first quarter of 2012 by 5.4 per cent and in Berlin by 4.9 percent. More than the 30 times a year rent to be paid sometimes for luxury apartments.

IEA Revises Oil Demand Forecast For 2010 And 2011

Progressively more expensive, demand and offer in the global oil market crude oil was traded last month. The background was on the one hand, positive developments in the financial markets, and supply disruptions in the Gulf of Mexico and the North Sea. At the beginning of the month August the gobbled up oil assets (BRENT) rose to a three-month high, before then due to comfortable supply quantities and renewed problems in the global economy to around $80 / barrel fell back. In OECD countries, inventories fell in June at 2.76 billion barrels. The current demand may be enough for a total of 61 days. Preliminary data for the month of July indicate an increase of 21.5 million barrels. The stocks for products and crude oil storage vessels are, however, further fallen with increased production for products in the United States, and therefore overall higher stocks could be created.

Global oil supply rose in July, after Norway ended his maintenance work on various delivery platforms, and the OPEC increased output Another 850,000 barrels / day. The global demand for oil will increase in the years 2010 and 2011 based on current estimates of the IEA for the now positively stained global economic Constitution in the current year to 86.6 million barrels per day and on 87.9 million barrels per day in 2011. A weaker performance of the world economy could cut demand but 290,000 in 2010 and 1.2 million respectively. This depends on whether the State 5.09 continue to run or not. The OPEC crude oil supply rose by 220,000 barrels per day in July to an average of 29.2 million barrels. Substantial increases were the producing countries of Nigeria and the Arab Emirates.

The necessary reduction in OPEC crude capacity could in the future slightly lower drop out. The liquefied petroleum gas production will increase in the years 2010 and 2011 but each around 0.6 million barrels per day. Meanwhile, the call within OPEC to curtail the supply of crude oil, was encouraged. In 2010 and 2011 respectively 100,000 barrels / day on a total of 28.8 million barrels / day, or 29.1 million barrels. The forecast for the actual supply in the third quarter of 2010 amounted to 29.2 million barrels per day, so provides no market incentives. The supply from non-OPEC countries will increase 2011, so the IEA, in the year to 52.9 million barrels/day. BP has meanwhile closed proposed leak hole, what but still based on the yield means a loss of around 60,000 barrels per day into the Gulf of Mexico. Regional project delays are likely to increase the loss in 2011 to a total of 100,000 barrels per day. The global refinery throughput increased 2010, 73.9 million barrels per day in the second quarter according to the IEA estimated. A further increase to 74.7 million barrels is expected in the third quarter. A slight recovery in the United States, as well as further growth in non – OECD countries and in Asia provide according to IEA growth compared with the previous year. States of Europe, Pacific and Latin America show the OECD still deficits, but due to extensive maintenance or operational problems Although here in Q3 2010 improvement can be expected. GAS REVIEW Hamburg Thomas Bakosch

Troy Already

The price for the coveted metal tends to currently just under $ 1400 per Troy ounce of gold. “Constance, 03.06.2013 – and while many large investors the time probably very temporary hype to make exchanges with want and therefore shut down their gold content, currently of many private investors around the world fill their deposits as also the Gold reporter” writes (link). The Frankfurter Allgemeine Zeitung (FAZ) reported in a recent issue, that Degussa gold dealers had twice as high demand in may as in the already good first quarter. “Frankfurter Allgemeine Zeitung writes: In April bought three times more people than other gold coins, the U.S. Mint”. And who hopes to be able to buy the coveted Krugerrand, must have already back, because the South African Mint takes no orders currently.

“So it is not surprising that the magazine Fonds Professionell Swiss investment guru Marc Faber”, the magazine quoted: I buy every month Gold and I buy more of them.” Currently Faber last but not least is the gold price only in a technical break because of the strong stock market”. He describes the actors as a momentum player”, running behind the, what rises and sell what goes down. Interesting evidence comes also from the Stuttgart stock exchange, working out in a very readable article (link), that gold can bring stability to a portfolio, although the price of gold fluctuates. Just the largely independent of economic cycles unless, that constitutes the value. Quote: The United States and the Federal Republic of Germany central banks hold about three-quarters of its foreign currency reserves in gold. (…) In the past year alone banks no longer bought 534,6 tonnes of gold as much as 50 years worldwide”. Almost already pathetic the stock market highlights Stuttgart: in addition it appreciated everywhere for thousands of people on the world and has kept all this time his value…

“.” Interesting findings and also in front of the Background to question, as many analysts who see global stock quotes in the case, central banks should their cheap money”back. The offers of the fund company Canada show that there are more interesting ways, to participate at the beginning of the value chain of the valuable precious metal gold trust. The company aims to open up with similarly experienced partners before local gold mining areas, and to generate profits by selling gold. The refinancing is done by private investors who achieve high payouts in case of success. So far all projects run in in accordance with planning, all payments were made as prospects.