Over 80% of the world’s corporate and government data resides on mainframes. Over $5 trillion worth of corporate application and data assets rely on its mainframes today. Almost 95% of Fortune 1000 companies use its Information Management System (IMS) for their most critical data management needs. More than 50 billion transactions—including financial ATM sessions, healthcare record access, tax accounts and other critical information—are running through IMS databases on a daily basis.
All these statements refer to IBM – worldwide data manager with an absolute market power. Most essential global information is directly or indirectly controlled by IBM. Summary of the Computer & Communications Industry Association’s report follows.
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Goldman Sachs Group Inc. and Morgan Stanley got it wrong in declaring the start of an economic recovery… record government spending may be forestalling another slowdown and market selloff… This is more likely a ski-jump recession, with short-term stimulus creating a bump that will ultimately lead to a more precipitous decline later
Nice move performed by Paul Tudor Jones of Jones’s Tudor Investment Corp, leading Macro hedge fund. This is one of few cases when official projections are tackled by a sophisticated investor with no direct relationship with the government.
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Both China and America are addressing bubbles by creating more bubbles and we’re just taking advantage of that. So we can’t lose… Lou said CIC was building a broad investment portfolio that includes products designed to generate both alpha and beta; to hedge against both inflation and deflation; and to provide guaranteed returns in the event of a new crisis
Now they say about that openly. Lou Jiwei, the head of Chinese sovereign wealth fund, admits the only way to defeat financial crisis is to produce another bubble economy. Controlled by few people, who serve as a monopoly, with no competition or control.
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Little understood outside the securities industry, the business [high frequency trading] has suddenly become one of the most competitive and controversial on Wall Street… The profits have led to a gold rush, with hedge funds and investment banks dangling million-dollar salaries at software engineers. In one lawsuit, the Citadel Investment Group, a $12 billion hedge fund, revealed that it had paid tens of millions to two top programmers in the last seven years.
Now your investment fund value, or profit if your are Goldman Sachs, depends on how quick you are able to frontrun the market and protect the philosopher’s stone.
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Aaron Russo – a film maker, political activist and conspiracy theorist. Some of his theses caught my eye, reminding “The Sims” video game. You may get familiar with them in this video.
11:23 Retroactive laws and whether to pay an income tax
16:10 In democracy 51% of the people controls 49% of the people
22:42 Rockefellers’ and banks manifesto
51:10 Money machine, debt, inflation, 1913
1:06:40 Carbon taxes monopoly
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Economists are nearly unanimous that Ben Bernanke should be reappointed to another term as Federal Reserve chairman… He deserves a lot of credit for stabilizing the financial markets… Meanwhile, the majority of the economists The Wall Street Journal surveyed during the past few days said the recession that began in December 2007 is now over.
Huh? Recession is over means companies start earning money, apart from other things. It doesn’t mean expectations about future earnings emerge. But in reality we see the opposite:
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The recent report by McKinsey has identified new financial markets participants, which might unexpectedly affect its development. Petrodollars, Asian center banks, hedge and private equity funds – these institutions, as the report mentions, have obtained a great ability to influence financial markets during the last 6 years. Besides, even under optimistic assumptions, in the same period ahead, the new power brokers might reach the size when other investment funds will have to adopt their behavior according to the new brokers’ actions.
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