It was a simply crazy time since 2011 started. Huge workload at workplace and can clearly "feel" increase in business activity. Not sure if we all are getting same feel but at least I felt so. Lots of things were happening in parallel that could have been written about..... anyways just trying to write about key news and happenings that have "significance" long term impact..
Product of Past
In Jan 2011 visit Hu Jintao called current dollar based system as “Product of the Past”. This was a very significant statement. He even did not bothered to say it's today's system while fact is it is. USD is a very crucial factor to macroeconomic stability.
The Revolution.
In a very very significant series of events in Middle east, "Common Man" shown his strength in unthinkable series of events. We have been discussing about civil unrest, revolutions for a while in this blog. Although I anticipated this as aftermath of inflationary era in which we are now in; for some countries probably it was already enough to revolt against powers.
Towards Country net?
One of the key catalyst to middle east revolution was Internet, Social networking tools and Blogging. It was so crucial that at one stage in Egypt they actually closed Internet. As aftermath of all this I suspect more and more monitoring of internet and restrictions that may not keep internet as Open Society any more.
Japan in Distress
Japan's earthquake and followed nuclear disaster was another shock to world. We saw in front of our eyes how fragile life is..
Dr. Ben Bernanke thinking good Name for QE3 ?
Dr. Ben Bernanke Chairman of Fed is in bit trouble. So far Fed was able to pass QE1 QE2. In simple terms Money supply increase by 1.8 Trillion as can be seen on Graph Here Before Housing crisis Money Supply was ~800 Billion USD i.e. from (1913 - 2008) and it became ~ 2 Trillion post QE I and 2.6 post QE 3.
In 2002 Dr Bernanke Said.
"The U.S. government has a technology, called a printing press, that allows it to produce as many dollars as it wishes at essentially no cost." "Under a paper-money system, a determined government can always generate higher spending and, hence, positive inflation."
Following his Philosophy he increased Money supply like this (Printing money and buying Houses, Student Loans, and what not). Now despite expanding money supply by this much %, Data is talking about Double Dip and QE2 is about to be completed in June 2011. So Dr. Bernanke (Who I think represent our generation ) must be thinking of finding good terminology for QE3.He will face more criticism for QE3 than QE 2, but when I read above statement I have no doubt he will do it. However it may be interesting to see what name he gives to this additional Money Printing.
In General I think year started well with very high economic activity. On Negative side there were revolutions, natural disasters, Now economy is cooling a bit (Although Revolutions are still on in Middle East)
Product of Past
In Jan 2011 visit Hu Jintao called current dollar based system as “Product of the Past”. This was a very significant statement. He even did not bothered to say it's today's system while fact is it is. USD is a very crucial factor to macroeconomic stability.
The Revolution.
In a very very significant series of events in Middle east, "Common Man" shown his strength in unthinkable series of events. We have been discussing about civil unrest, revolutions for a while in this blog. Although I anticipated this as aftermath of inflationary era in which we are now in; for some countries probably it was already enough to revolt against powers.
Towards Country net?
One of the key catalyst to middle east revolution was Internet, Social networking tools and Blogging. It was so crucial that at one stage in Egypt they actually closed Internet. As aftermath of all this I suspect more and more monitoring of internet and restrictions that may not keep internet as Open Society any more.
Japan in Distress
Japan's earthquake and followed nuclear disaster was another shock to world. We saw in front of our eyes how fragile life is..
Dr. Ben Bernanke thinking good Name for QE3 ?
Dr. Ben Bernanke Chairman of Fed is in bit trouble. So far Fed was able to pass QE1 QE2. In simple terms Money supply increase by 1.8 Trillion as can be seen on Graph Here Before Housing crisis Money Supply was ~800 Billion USD i.e. from (1913 - 2008) and it became ~ 2 Trillion post QE I and 2.6 post QE 3.
In 2002 Dr Bernanke Said.
"The U.S. government has a technology, called a printing press, that allows it to produce as many dollars as it wishes at essentially no cost." "Under a paper-money system, a determined government can always generate higher spending and, hence, positive inflation."
Following his Philosophy he increased Money supply like this (Printing money and buying Houses, Student Loans, and what not). Now despite expanding money supply by this much %, Data is talking about Double Dip and QE2 is about to be completed in June 2011. So Dr. Bernanke (Who I think represent our generation ) must be thinking of finding good terminology for QE3.He will face more criticism for QE3 than QE 2, but when I read above statement I have no doubt he will do it. However it may be interesting to see what name he gives to this additional Money Printing.
In General I think year started well with very high economic activity. On Negative side there were revolutions, natural disasters, Now economy is cooling a bit (Although Revolutions are still on in Middle East)
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