Global Markets 2011 - Special Report Martin Baccardax

  • Although most people don’t think about it, the management of solid waste is one of the most critical issues facing municipalities throughout the United States. Challenges arise every day as society tosses out more and more wastes, the number of landfills available for use continues to decline, regulations grow and the cost of providing services increases. Financially and logistically, the management of solid waste is becoming ever more difficult.

  • Entrepreneurs cannot singlehandedly save the American economy, but recovery won’t come without them.

  • Gold Bars

    A lot has changed since the 1980s, but some things stay the same: we‘re back to breaching all-time highs for the price of bullion.

  • The famous World War II General George S. Patton used to say that he didn’t judge a man by how high he climbed, but by how high he bounced after hitting the bottom.

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    There’s an old legend that professional American baseball managers like to recount to young charges when introducing them to the pressures of the Big Leagues. The story starts with a young, struggling pitcher complaining to his coach about his lack of success in his rookie season.

  • Why should we pay attention to four-and-a-half hours of debate followed by highly choreographed photo ops and a communiqué that most of us could have cobbled together on the back of a swanky hotel envelope?

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    Call it what you will: an act of rebellion; blind myopia; a cry for help … but I'm actually starting to believe in the global recovery story.

  • We might have strayed a bit from the rulebook on a good dinner party this morning as we sat back and watched hedge fund manager Hugh Hendry of Eclectica lock horns with Liam Halligan, the chief economist at Prosperity Capital and maverick columnist for the UK’s Telegraph newspaper.

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    Acres of forest have gone to the blade while the mainstream media has debated the issue of bank nationalization, but few if any seem to be prepared to address what seems obvious: the most important banks are already under government control.

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    I couldn't resist seeking out the simplified Chinese characters for "crass" when news broke Tuesday about the potential for a second stimulus plan to come from this week's National People's Congress.

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    The unpalatable truth is that equity markets seem the purest measure of investor confidence, corporate health and economic prediction.

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    Negotiation remains at the very temporal core of the global financial markets and Sir Fred executed his perfect right to haggle for as much cash as he could from his paymasters when he took the helm of Royal Bank of Scotland in 2000.

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    The most obvious pothole on the road to reparation is mark-to-market valuation; and it remains a mystery to me as to why this less than two-year old accounting rule remains the most ignored portion of debate.

  • Gold Bars

    It doesn’t take a huge amount of bad news to push investors back into the safe arms of the bond market these days.

  • If stock markets are about poetry (and certainly more tragedy than comedy these days) bond markets are a lot more about prose. So it’s easy to see the iron in the fact that the finances of the nation of poets is coming under real and sustained pressure not from what’s happened in its equity markets, but rather its debt.

  • A quick glance at this week's government bond auctions reminds me of that old story Woody Allen used to tell about overhearing two women in a Manhattan restaurant: one complains that "the food here is just terrible," to which her friends agrees, adding, "yes, and such small portions."

  • Love him or loathe him, you have to agree that Rogers wears his heart-- and his market calls-- on his sleeve.

  • Average salary for salaried employee in Britain: £25,000 ($37,250)

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    Why can't the banks trust each other? I mean, they can pay back their money, can't they? Don't they just make more?

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    Hopefully readers will forgive the indulgence into tennis analogy, but I've just finished watching an absorbing quarter-final at the Australian Open between the Serbian-born comeback kid, Jelena Dokic, and the world's third-best female, Dinara Safina of Russia. And the parallels are clear.