2012 top ten with the highest paid professional

The United States Association of colleges and employers (NACE) issued a United States professional ranking with the highest starting salary for university graduates. 2012 list shows the new trend of employers willing to pay high salaries for most popular: skilled engineers are needed to start innovative start-ups and top companies favor.

Building science professionals average starting salary: $ 56,600.

Computer engineering 2012 computer engineering graduates have United States the highest average starting salary: $ 70,400.

Chemical engineering chemical engineering graduates receive an average starting salary of about $ 66,400.

Students majoring in computer science computer science is very popular, average starting salary of about $ 64,400.

Aerospace/aviation engineering 2012 graduates average starting salary: $ 64,000.

Mechanical engineering mechanical engineering graduates to obtain average starting salaries of about $ 62,900.

Electrical/electronic engineering electrical engineering graduates to obtain the average starting salary of approximately $ 62,300.

Civil engineering civil engineering graduates an average starting salary of $ 57,600.

Of financial professionals in 2012 graduates an average starting salary of $ 57,300.

Information science and systems specialty information science graduates to obtain average starting salaries of $ 56,100.

Japan's chronic debt crisis trapping critical situation

Abe government is the wrong road to go farther down, Japan's economic difficulties not only because of the economic stimulus will not change, but may be premature detonation of latent chronic debt crisis.

Abe Cabinet approved a 92.6 trillion yen (about $ 1.02 trillion) in the fiscal year 2013 budget draft, refresh the scale of Japan's budget again. Abe took office, advocated fiscal policy, monetary policy and exchange rate policy synchronization tend substantial easing "loose policy", Abe's government came to power in power direction. Not only through the debt purchase plan indefinitely, significantly promote the depreciation of the yen, more thrown a total of 20.2 trillion yen (U.S. $ 226.2 billion), a large-scale economic stimulus plan. Among them, the Japanese government will invest 10.3 trillion yen ($ 115.4 billion) in fiscal spending. According to the Cabinet Office estimates the plan will make Japan's real gross domestic product increased by about 2%.

However, Japan's economic decline is difficult to change because of the economic stimulus, Japan introduced monetary easing is farther and farther down the wrong road, not only will not solve the long-term economic deflation imbalances and declining competitiveness of the industrial structure, may also resolve the sovereign debt risk. And if the future of Japan's trade situation continues to deteriorate, the critical point of the sovereign debt crisis may be ahead of the arrival.

 217%, 232%, 277%, Japan in 2009, 2012 and 2016, the proportion of its public debt relative to its nominal GDP, Japan, the world's third largest economy, is the debt under the weight gradually sinking . Horizontal comparison, whether it is the ratio of total debt to GDP, the ratio of budget deficit to GDP, or government bonds dependence Japan are the world's developed countries, the performance of the worst countries. Japan's total debt to GDP ratio than Italy in 1999, the highest in the developed world.

According to the the Japanese cabinet recently adopted fiscal 2013 draft budget, half of the budget through bond financing, the total size of 42.9 trillion yen, which makes Japan's national debt dependence to rise further. More severe, deeper rely on deficit financing bond issuance, Japanese government bonds in the past 20 years, the average annual growth rate of 40 trillion yen. Fiscal spending to further expand the tax gap is growing. More severe, deeper rely on deficit financing bond issuance, Japanese government bonds in the past 20 years, the average annual growth rate of 40 trillion yen. Fiscal spending to further expand, but the tax gap is growing continuously refreshed, and in the last three years, the countries with the highest budget in Japan.

Population aging, aging industrial, enterprise aging Japan delays the real reason to get out of the growth recession. The continued appreciation of the yen led to the manufacturing production continued to transfer abroad the (FY10 manufacturers overseas production ratio of 18% to the 2020 fiscal year overseas production ratio increased to 24%). With the rising ratio of Japanese government bonds held by overseas investors, especially the decline in Japan's domestic savings means to Japan will have to borrow money from overseas investors, the yield increased to attract more overseas investors, the cost of debt The increase in the size of Japan's debt has been difficult to control.

In order to extend the long-term "debt on debt" mode, Japan's monetary policy already lost its independence. After the beginning of this century, Japan adopted quantitative easing monetary policy, the reserve currency of more than 400 billion base money supply growth rose to 20% from the previous 10%. But at the same time, the demand gap, an aging population, as well as "liquidity trap" make Japan into a so-called "growth recession" and the formation of Japan's "low-growth, low inflation, low interest rates, a weak currency" vicious circle.

The biggest impact of the low interest rate policy is to make the yen to become a global long-term arbitrage and cheap funding currency. Japan long-term, low interest rates and the interest rates of the major countries in the international form a great spreads, this has attracted a lot of international of arbitrage speculation and investors, a large number of these speculative and investors from Japan's low-interest lending yen, investing in foreign high-yield financial products. The yen carry trade more than 10 years, the prevalence of international financial markets, one of the very famous Mrs Watanabe is a rough representation of Japan's $ 15 trillion in savings - which is the world's deepest pool of savings, valued at more than the annual economic production in the United States a. It is estimated that before the financial crisis, financing of yen carry trade scale up to hundreds of billions of dollars to trillion U.S. dollars.

     After the 2008 financial crisis, the yen carry reflux tide since the unwinding transactions faced growing pressure, selling high-yield currency assets, while buying yen unwinding yen entered the continued appreciation of the channel, Japan 11 the central bank implemented quantitative easing, still had little effect. In early 2013, to combat deflation and export cliff decline, Japan's new prime minister, Shinzo Abe is vow to quantitative easing in the end. Since Japan is a supplier of intermediate products in many countries in Asia, the sharp depreciation of the yen is likely to trigger a the contrast close trade links to national governments rebound, and exchange market intervention. Difficult to change the properties of the yen cheap financing, plus countries through competitive currency devaluation to constantly resist the sharp depreciation of the yen, therefore, the wishful thinking of the Japanese government may come to nothing, and not only up to less than the expected effect of the sharp depreciation of the yen, but will exacerbate trade the uncertainty of the situation in Japan.

    Even more dangerous is, in the case of a decline in the national savings rate trends in sex, as well as trade deficit sharp deterioration in the Abe government launched without the bottom line of the stimulus policies, it may allow Japan's long-term economic recession and latency of chronic debt crisis in advance to be detonated.

Obama : Live by democracy, trapped by democracy

Obama no surprise no insurance crowned at the White House, began his second presidential trip. Previously, the major media circulating a picture of his face change: Four years ago, Obama, handsome and self-assured; Obama today, old and terrified.

This is before landing in the White House, Obama has never had the experience.

Obama is a rising star from the bottom. Most of the President of the United States is not the same as ever, he does not have a prominent family, not a good political foundation, nor complete political training. After he graduated with honors from Harvard University, rejected many of the big high-paying law firms recruit, plunged headlong into the underlying community politics.

Therefore, he is a typical example of a democracy was born. He is a typical representative of the American dream. Underlying a dime to the accumulation of his popularity, won the respect of the community, elected to the Chicago City Council member, to become Members of Illinois, to become Members of the U.S. Senate. He quickly became the star of the Democratic Party, defeated a much larger shrewd Hillary, defeated U.S. political old Master McCain, thus becoming the first black president in the United States.

Everything is so beautiful. Support he has an almost unprecedented rate, he has to change the U.S. decadent political ideals, his honesty and purity. He is the incarnation of the success of the American democratic system.

Democratic system in the United States, however, he quickly aging, as if his support for aging so fast.

Obama does have all the traditional American politicians do not have many good qualities: he tried to make up for the Democrats and Republicans cracks, he fervently and sincerely embrace the system of democracy and freedom and effort to the implementation of his poverty inherently compassion, hate evil and darkness of the financial system.

He is one only has to look far ahead yet down-to-earth politician. He came to power began, on the implementation of new energy, new education, new technology, new medical. Everything he did lay the foundation for the United States over the next 20 years, Great Expectations.

Unfortunately, the birth of the great Obama's democratic system, has become the shackles hinder the great Obama.

Only a four-year term of American democracy, can not wait slowly bring the Obama great layout to produce the effect. The needs of the people to immediately improve the employment needs immediately enhance financial need immediate health, oil prices need to immediately reduce ...... The Republican Party does not endorse Obama Ma Hongwei and ambitious plans, they have their own calculations.

Thus, once emotional elegance of Obama, the storm caught in the fire-fighting among the everyday life and everyday problems, no time and mood to expand his lofty layout.

The aging from here: his heart is full of the future, but his feet firmly nailed to the moment.

This is great for his self-confidence and action force destroyed. He must meet in a democratic system that shortsighted immediate resistance requirements, he can not like the authoritarian state disregard the needs of public opinion, he can also not be able to mobilize all the political forces to the implementation of his political and his more can not be beyond the Constitutional Control of his various procedures and constraints .

This is brilliant and dismal democratic system itself: he commended the great, great but limitations. Great to be able to get the recognition of the public body, but when the time of the great expansion, but it must be bound.

In his inaugural speech, Obama said: "We know, we already obsolete procedures are not sufficient to meet the needs of the times, we must reshape our government, the application of new ideas and new technologies to improve our tax code, reform our schools, so Our citizens have the skills they need to work harder, learn more knowledge and development to a higher place. This means that changes, our goal is: countries can reward the efforts and determination of every American. "

It in the second term, he must make every effort to building his mind the wonderful American dream, and for the next 20 years the United States has laid the best of Qixun. His shackles of fewer, more powerful forces. However, he almost surely will remain trapped in that great among the wretched of the democratic system, however difficult.

As for whether he is likely to become a great President of the United States, only that he being brilliant and bleak in the democratic system, how to find a balance. Because all politicians, not because of a great ideal to be paid: only those in the delicate balance achieved between greatness and Beisuo to build without World outstanding service.

Europe and the United States re-industrialization obstacles: the high cost vested interests constraints

Manufacturing critical to innovation and competitiveness of a country, the United States needs to revival of the manufacturing sector, and thus lay the foundation for long-term economic prosperity. "He told the" Outlook "Newsweek reporter, let him worry about in the past half more than a century, the U.S. manufacturing sector has been in decline.

In 1950, the manufacturing sector accounted for the proportion of the U.S. gross domestic product for new work he coauthored with Gary Pisano "create prosperity: why the U.S. needs manufacturing renaissance" of the book describes the gradual decline of the U.S. manufacturing sector picture: 27%, accounting for 31% of the total employment in the United States, 2010, however, the ratio of these two has decreased to 12% and 9%. As of the end of 2011, U.S. manufacturing jobs is less than 12 million, while the peak in the U.S. manufacturing sector in 1979, this figure is 19.6 million, on average, about a year lost more than 230,000 manufacturing jobs.

British manufacturing has also gone through a similar experience.

Northwest city of Manchester is the pioneer of the Industrial Revolution in England, the birthplace of textile machinery, the first industrial revolution and thus Faren, a textile center in the United Kingdom and the world as a whole. But with the transfer of the textile industry to Asia and other regions, Manchester has long since gone when the production of the grand, leaving only a vicissitudes of the Old City.

The data show that in the past 30 years, manufacturing employment continued to decline. 1990, the manufacturing sector in the UK economy, the proportion of 22%, to the present, the proportion was only 10%.

The outbreak of the financial crisis, and finally to Europe and the United States and other developed countries to realize that over-reliance on the harm caused by the financial industry and other virtual economy to the national economy as a whole.

Do not need the manufacturing sector also can become a global innovation envisaged 'very dangerous', governments and enterprises must be abandoned as soon as possible 'the deindustrialization test'. "Appeals from many people of insight.

So "re-industrialization" began to be put on the agenda.

From 2009 to 2012, the Obama administration has launched a "Buy American", "manufacturing Promotion Act," five-year plan to double exports, internal security and employment initiatives and many other policies to help U.S. manufacturers industry revival.

Since 2008, the British government issued several manufacturing development strategy, the establishment of the Strategic Investment Fund Manufacturing. 2011 also identified the manufacturing five competitive strategy: to occupy the world's high-end industry value chain, to accelerate the speed of technology into productivity, increase investment in intangible assets, to help enterprises to increase investment in people and skills, the occupation of the development of low-carbon economy first machine. In November 2011, British Prime Minister David Cameron and even set up special "Queen Elizabeth Engineer Award, reward those skilled engineer, a bonus of up to 1 million pounds.

Despite numerous initiatives, but in the opinion of many professionals, Europe and the United States manufacturing sector recovery is bound to be a long and tortuous process, ultimately really can achieve, is difficult to determine conclusively.

Introspection after the crisis

Financial markets not only give economic growth the wheel of lubricants, and the economic growth of the wheel. "This is a former U.S. Treasury Secretary Larry Summers famously. In his opinion, the financial industry is the unique advantages of the United States, is the central nervous system of the United States economy, the development of the financial industry is related to the well-being of the U.S. economy.

Has a similar point of view of a few officials, these people advocate to encourage financial innovation and the development of the non-manufacturing sector, without the need to pay attention to the development of the manufacturing sector, "the United States has entered a 'post-industrial society', the industrial products imported from abroad, without the need to U.S. domestic production. "

This thought has had a significant impact to the industrial development in the United States and the brain drain: the mathematical geniuses do not want to go to the Industrial Research Institute, but keen to Wall Street, policy makers is the lack of attention to the development of the manufacturing sector also. This has resulted in inadequate investment in the resources of the United States to the manufacturing industry, science and engineering research, also makes the United States the general public is not interested in the accumulation of scientific and technological knowledge.

American kindergarten teacher I have knowledge of science and technology classes are not familiar with, will naturally avoid and children talk about tech knowledge. "Alcoa chairman Klaus 克莱因费尔德 playing the a vivid metaphor .

However, after the outbreak of the crisis, many people began to reflect.

"In the past, people usually manufacturing sector has a common misconception that the manufacturing industry is the production of low value-added activities, only need low-skilled workers, and the industry can easily outsourced to the rest of the world." Shizhao Wei talked about, but now many factories, the manufacturing sector has been able to become a knowledge-based work. For instance, complex, precision machining, it is required to be able to produce large quantities but also a very high quality components at an economically viable cost.

Martin Bailey, a former chairman of the U.S. President's Council of Economic Advisers, accounted for less than 10% of the total U.S. economy, the manufacturing sector is difficult to carry the banner of the U.S. economic recovery, but the research and development of the manufacturing sector accounted for U.S. private sector R & D investment 70 %, crucial for maintaining America's ability to innovate.

Bruce Katz, vice president of the Brookings Institution in the United States also believes that the manufacturing sector is the lifeline of innovation, despite the ratio of the share of the manufacturing sector in the U.S. economy is not high, but the manufacturing sector currently employs 35% of the engineers in the United States, accounting for to 68% of the total investment of U.S. corporate R & D, the number of patents in the manufacturing sector accounted for 90% of the total of the entire United States patent.

British Government seems to clearly recognize the global manufacturing industry is undergoing a profound transformation from traditional manufacturing to high-tech manufacturing, manufacturing practitioners the army also increasingly diversified, in addition to the traditional workshop production and mechanical operation, is engaged in supporting the work of the R & D, design, sales, after-sales service.

"Our strategy is high-value design and innovation." British Business, Innovation and Technology, the Ministry of Business and Enterprise Minister of State Prius Trask had clearly expressed.

The basis of the return of

Although Europe and the United States economy has suffered heavy losses, the financial crisis makes the government aware of the harm of neglect the development of the manufacturing industry, the manufacturing industry can be considered a blessing in disguise, policy and funding support. At the same time, some emerging countries, rising labor costs also brought opportunities to Europe and the United States manufacturing sector reflux.

The data released by the U.S. consulting firm AlixPartners wages of Chinese workers in the past year grew 30%, 5% RMB appreciation relative to the dollar, shipping costs rose by an average of 5%.

Last year, the British paper manufacturer Filofax company production of 500,000 sets of Notepad from China to the south of Edinburgh Dalkeith. The given reason is: the rapid rise in wages of Chinese workers, factors such as transportation costs and delivery times are counted, in the UK, with the gap between the cost of production in China has been greatly reduced.

More importantly, the developed countries such as the United Kingdom, the advantage in the research, design, innovation makes it promising great success in the manufacturing market segments.

The automotive industry, for example, although more than one car brand in the UK have been easy to master his country, but the design and production of these cars are still in the UK, and from traditional manufacturing morphological shift to higher value-added sectors, such as technology and design innovation.

In addition, energy-saving technologies, the British car industry reputation. UK average new car CO2 emissions fell last year to 22.7% per kilometer 133.1 grams, the minimum level of carbon emissions for the past 10 years. In the case of general atrophy of the European car industry, the British thriving, new car registrations increased by 5.3% to 2.04 million, the highest level since 2008.

Furthermore, the large number of SMEs, many companies will be able to rely on the individual patent design occupy huge market share in their respective market segments. These enterprises may not have the world's top 500 fame, but they are well-known in the industry. For example, Europe's largest oil and gas industry the valve manufacturer OliverValves started at the beginning, that is, its founder, designed a very strong ability of an anti-leak valve, its first order from a synthesis gas refinery in China, the second customer is the famous British Gas Group, this private company has gone through 30 years.

Headquartered in Cambridge, UK chip designer ARM Holdings is a successful example. ARM has a strong R & D capability and excellent business model itself does not produce chips, but the chip design, licensed technology intellectual property to semiconductor companies, which each produce an ARM chip design, necessary to its pay certain royalties. Currently more than 95% of the global mobile phone as well as more than a quarter of the electronic devices in use ARM technology. Since the financial crisis, ARM performance non-decreasing by increasing popular on the London stock market blue chips.

Experts believe that widespread in Europe the decline of the manufacturing industry, but from the technical content of industrial products, quality, brand, has a forward-looking environmental elements considering Europe's industrial competitiveness is still very strong, and its industrial sector get the added value also has the world's highest level. In addition, the EU also holds nearly 50% of the global industry technical standards and product rules, these factors are favorable conditions for European "re-industrialization".

Reflux illusion

The manufacturing industry reflux seems to have made "remarkable achievements".

The data show that, compared with January 2010, the number of manufacturing jobs in the low stage 11.5 million, U.S. manufacturing has increased in this round of economic recovery period of about 500,000 jobs.

However, the truth may not like data performance as optimistic.

Careful analysis will find that, created after the manufacturing jobs and the recovery of the U.S. economy compared to about 5.8 million, about 9%, this agreement accounted for 9% of the proportion of the total number of U.S. jobs and manufacturing jobs, while the manufacturing industry in this round of economic recession, massive layoffs of 226 million people, accounting for about 20% of the total number of employees of the manufacturing sector, far more than the proportion of manufacturing industry in the United States the total number of employees, and therefore can not be ushered Judging from U.S. manufacturing "second spring . "

In fact, the present situation, the return of U.S. jobs more because of cost-driven, rather than a new industry-driven. Therefore, many experts believe that the positions reflux this may just be phased trend is hard to become a torrent, the medium to long term, the hourly wage of U.S. manufacturing workers have up to about $ 20, about two percent more than the average of other industries, the U.S. difficult to significantly enhance manufacturing jobs.

Industry estimates, Whirlpool labor costs in China is only equivalent to the United States about a quarter. Therefore, its American symbolism seemed re-factories than substantive significance. Judging from the existing case, to set up factories in the United States are often dozens of small-scale factories, large-scale production is still in the labor cheaper, more flexibility in Asian countries.

Manufacturing jobs return will not become the trend of the flood, Asia has not only doing my choice. "American manufacturers to improve productivity and Innovation Alliance chief economist Daniel Philippe Mexes Castro, thinking it comes.

Katz view more clear, in his view, the United States over the past half a century, the loss of more than 700 million jobs is difficult all return to the United States, estimated 2 million to 3 million jobs in the United States can only increase in the future, the United States The prospects for recovery in the manufacturing sector is not optimistic.

Political obstacles

Sorin Della is a solar panel manufacturer in California, the first batch of the Obama administration to give loan guarantees one of the energy companies, the Obama administration has been called a "model" to create green energy employment. However, the company at the end of August 2011 due to poor management and declared bankruptcy in 1100 people unemployed.

In the 2012 election approaches, Republican enlarge this event, accused the Obama administration for "politically motivated" rush to provide loan guarantees for the company, resulting in taxpayer losses. Dragged down the new energy plan, smart grid, post-carbon future economic development of the highlights in the last year during the presidential election in the United States became a political Taboo.

In addition, the Obama administration has also put forward last year corporate income tax reform, trying to reduce the manufacturing enterprises of the highest corporate income tax rate from 35% to 25%, in order to attract manufacturing jobs reflux, but the U.S. Congress has not this consideration. Based on past experience, any major tax reform is bound to conflict with the U.S. bipartisan government budget issues linked.

"The United States is currently the situation, might the new energy industry development opportunities ceded competitors." Darrell West, vice president of the Brookings Institution, not without fear.

In fact, long been the experts pointed out that, although the Obama administration has proposed many of the revitalization of the manufacturing planning, but most of them are only guidelines, rather than administrative mandatory program.

Katz commented, the U.S. federal government has not yet formed a comprehensive strategy to support the manufacturing industry, the federal government is not enough for the financial support of the manufacturing sector, implementation and manufacturing-related policy is the Ministry of Commerce, Department of Labor, the Department of Energy and other Federal government departments, resulting in policies from multiple-door situation, the United States federal government should develop a systematic strategy to support the manufacturing industry.

Your correspondent in Virginia and other states. Interview that the United States hopes to increase the proportion of clean energy accounted for salons charge as soon as possible, the power companies are also efforts to promote solar power home to the public, but the progress is not smooth. Not only met with government grants, traditional energy greater price advantage bottleneck, and smart grid construction also met with local government with embarrassment.

However, in the opinion of some analysts, the real reason of the contradictions, the Obama administration's new energy development plan there is a big conflict with more emphasis on the development of traditional fossil energy Republican camp.

Kentucky Louisville Mayor Greg Fischer pointed out that the political mechanism dictates the current United States can not stop and discuss how to learn to industrial powers such as Germany, Japan and China, and busy all day to solve the "fiscal The the cliff like self-directed and starred in the short-term challenge, which makes the lack of long-term strategic vision and execution.

In fact, the development of emerging manufacturing often require a longer incubation period, the current political mechanisms in the United States and no hustle conditions to the development of emerging industries. Congress elections every two years to four years once the presidential election, will make many Members of the United States to focus on the ultra-short-term issues, the only way to limited serving time for their own re-election to create scoring point. Increasingly strong sense partisan Washington political status quo that has allowed democracy in recent decades, Republican obvious differences in the budget, taxes and other economic issues, and almost all large national project budget and tax issues and must go through Congress for approval, resulting in efficiency retardation, Sorin Della event is just one of an example.

278 banks rushed out this week, the European financial market Xian Shuguang subordinated loans

In 2013, the central banks of Europe and the United States on the implementation of quantitative easing (QE) policy, rising in tandem with the global property market is expected. Prolonged debt problems, the relative political stability, a sound regulatory system and culture unique edge of Europe "the United Kingdom, as well as the property market recovery in the United States, a matter of course to attract investors entered the property market, pushed up local property prices, many of them in Hong Kong and Macao Mainland China hot money. However, experts pointed out that the Fed delisting when the bursting of the asset bubble.

The data show that the UK residential property values rose 57 billion pounds last year, to return to the 2009 level; among England, up 1.2%, Scotland and Wales fell by 0.3% and 3.1%, respectively. 10 years, Scotland and Wales residential value tired liters of 84% and 57%, outperforming 43% in England. The surge in property prices compared to a large portion of Hong Kong and Macao, the higher the value of the UK property investment.

Hong Kong speculators love hot money the Englishman worries into refuge

Series of Yang Weilong refers to the financial tsunami, after the the mainland of hot money has been assembled in Hong Kong and Macao, pushing up prices to government actions to curb Hong Kong levied huge amount of buyers stamp duty (BSD), the hot money began to go to the United Kingdom.

Yang Weilong, a lot of the first Hong Kong people welcome the hot money pushing up property prices, the United Kingdom but the British do not want to become the euro zone rich safe haven, and do not want to take the euro zone for bad and doubtful debts, using taxpayer money to pay the bill for the euro zone confused account. British Prime Minister David Cameron has repeatedly threatened to take off in Europe, precisely to avoid the euro zone crash fire comic ship.

European debt endless, indirect London mansion into a popular commodity. Yang Weilong France this year may be the outbreak of the economic crisis, as an international financial center in the United Kingdom, the non-euro area EU Member States, called the euro area rich safe haven. If a country off the European "core euro soared to combat exports triggered a recession risk aversion of the UK property market thriving; Russian billionaire Seeing Europeans snapped up British luxury, of course, does not perform to lose, even if the" poor to "Europe pig country "there are a lot of rich people, the the potential influx British funds should not be underestimated.

Yang Weilong, the U.S. QE funds Chung global push up the price of shares Floor, low interest rates for up to four years, as long as not withdraw from the market, the situation is not too bad; when the Fed decided to withdraw from the market, rising interest rates, asset bubble will burst. The impact asset Error increase much.

2008 outbreak of the U.S. sub-prime turmoil, the property market collapse, dragging down the global economy. "Financial cliff" after five years and the national debt ceiling risk is not eliminated, the improvement in the economic activities in the past year, is expected to rebound in property prices. Overseas Real Estate Investment Association (AFIRE) in early surveys show, this year, real estate investors are most interested in the big cities in the United States exclusive 4, the influx of foreign capital is expected to drive the recovery of the property market. The most popular among New York, San Francisco and Washington points 3,4, Houston is among the top 5 for the first time, ranked # 2 in London. 55% of respondents believed that the United States is the world's most stable investment, far better than the 43% in 2009.

The data also show that Canadian pension funds to the U.S. commercial property market in the past three years to invest nearly $ 9 billion, to fill vacancies in local funds withdrawal from the bursting of the property bubble, become the key driving force of the the American higher risk of large-scale construction projects. However, a professor at Yale University, one of the founders of the S & P / Case-Shiller property prices index Schiller believes that the recovery of the U.S. housing market is just an illusion, very low mortgage interest rates and property prices prima facie market a good time, but mainly mortgage borne by the government, coupled with the Fed to buy debt plan, the shape of a very unusual market, the property market is very unstable future.

Japanese consultant said the yen devaluation space yen low open

USDJPY (90.65, -0.3900, -0.43%), opening to go, now trading at around the 90 mark at the top. Japanese Prime Minister Shinzo Abe's key economic adviser Takenaka [microblogging] said on Saturday, the yen further depreciation space. USDJPY performance from last week, after the Bank of Japan interest rate decision once callback, but has returned to an upward trend in the currency market outlook still further skewed higher.

(Heizo Takenaka), Takenaka, Japanese Prime Minister Shinzo Abe (Shinzo Abe) important economic adviser, said on Saturday (January 26), the yen, there is a further depreciation of the space, many people believe that the 95 yen the dollar is more appropriate. He also refuted the outside of Japan by loosening monetary policy to guide the depreciation of the yen strong protest.

Takenaka clearance Forum in Davos, Switzerland, said the yen's recent decline Prior to a correction of excessive appreciation, the Bank of Japan (BOJ) latest easing measures to fight against deflation, rather than to let the depreciation of the yen.

Takenaka said the yen exchange rate correction has only just begun, that the yen has excessive devaluation is unjust. According to him, in the past five to six years, the appreciation of the yen against the U.S. dollar and the Korean won up to 40% and 50%, and so far dropped by only 15% and 20%.

He said, do not have a very scientific method to calculate the final exchange rate of the yen, but many people believe that the U.S. dollar is a more appropriate level of about 95 yen.

Hind, Japan to the government, down to the central bank still bite and hold on loose monetary policy and the depreciation of the yen is expected to make the yen future continue to face heavy pressure, USDJPY still further higher tendency

2013 euro area back to life?

Early look at the EU and the euro area economy, can be considered: the worst is in the past, at least that can not be bad, 2013 is expected back from the dead!

    "After the crisis," Dynasty, the piece of economic trouble up, but also to global investors and traders most gripping. In fact, the beginning of the fourth quarter until the end of the third quarter of 2012, is still difficult to see how much a survivor of the EU economy turn for the better, however nowadays most of that piece of the economy seems to be entering the twists and turns of the track, 3 to 4 quarter of 2013 expected back from the dead!

     The two trends herald rejuvenate turn: a sovereign debt crisis in the euro-zone countries to endure a very tough battle, there are signs to come to an end. At least three flags in this regard:

    One is a mechanism to prevent the spread of the debt crisis in Europe, the euro area initially formed. The core of this mechanism is the European Stability Fund (ESM), support indebted countries austerity. The core members of the 700 billion euros fund, jointly provided indeed played a stabilizing role. Fund to eat "reassurance" to creditors no longer have to worry about high debt edge members deadbeat. In turn led to some kind of virtuous circle mechanism: high debt edge members continue to issue bonds to fund-raising costs down, you can continue to issue new debt and old debt "play" to reduce the debt, and then through the budget shrink.

    The second is the the eurozone austerity recession leads gentle much short duration seems to have much more than expected. Earlier dominance is expected to be substantial tightening of fiscal policy implemented by the edge of the country in exchange for a core member of the rescue fund, will push the euro zone into a serious recession, the long-term fix will lead to social unrest and recession. Now appears that austerity leads Eurozone recession is far from the expected severe GDP contraction in 2012 about half a percentage point, almost "zero growth". The majority is expected to decline by 1-3 percentage points. In fact, the German economy, the euro area "Tai Zhuzi only weak contraction until the fourth quarter, it is expected that the beginning of the year can be converted to the expansion.

    The third is the edge of the country's bond yields from up to down, financing costs began to decline. The debt is absolutely the largest Spanish government bond yields down more than 2 percent. At the same time, the commercial banking sector in the euro area has turned the corner.

The above trends together, no doubt inspired the expected reversal of the economic sector of the economic outlook in the euro area, the pessimist day less optimist increasing. Recently organized by the Davos World Economic Forum, a hot topic in the European debt crisis "in the past"! All this, in raising the EU domestic and foreign investors' confidence in the euro bonds. Economic theory and economic reality have repeatedly shown that a expected to strengthen and as more and more investors are recognized, really becomes reality. The state of the euro zone economy nowadays and expected, and indicates the bond market back to life. Actually existing hedge funds in action!

View of the above viewpoint, to a timing can be considered hunters Euro bond market!

     Of course, objectively, the the aforementioned euro zone and the EU back to life the key, depending on the performance of the economy in the next two quarters. Currently, there are actually a contest between government debt restructuring and economic growth performance and prospects for debt restructuring Ye Hao, policy tightening effect Hao, all hope as soon as possible whether out of the contraction of the shadow. If the economy is able to quickly break through negative growth, even a few tenths of a percent growth expected will greatly strengthen the euro zone economy back to life!

Early 2012, I have said that the European economy is not as bad as the outside world the impression of the sovereign debt crisis in the euro zone have saved. Once encountered the a better criticism across the ocean Xiaxiang. Even in Germany never know readers posting gave as "child care"! Looking back now, the actual evolution and I had not expected difference between up and down. This time I do point bold prediction, I believe it will be pretty close!

Japanese officials said the the yen declines unfinished dollar / yen rose to a 30-month high

U.S. dollar the convertible yen (90.88,0.5800,0.64%) a strong rise, or about 2%, to refresh the 30-month high to 90.54. Nishimura Kang Nim, days after Japanese Vice Minister of Economy and Finance said in Tokyo that the Government is not worried about the exchange rate rose to 100, making the yen under pressure. In addition, the strong U.S. initial jobless claims report and a downturn in the Japanese trade data also weighed on the yen.

Recently, the now 50-year-old Japanese Vice Minister of Economy and Finance, Nishimura Kang Nim (Yasutoshi Nishimura) in Tokyo interview that the U.S. dollar against the yen in the 100 is not a problem. He said the current U.S. dollar against the yen and remained in the 90 or so can be seen before the strong yen a correction, but that is not enough, is not over yet. "In addition, he responded Abe consultant Hamada Koichi (Koichi Hamada) Prior to the speech that will increase the cost of imports, implying that the government will not let the excessive weakening of the yen when the U.S. dollar against the yen reached about 110-120.

For European criticism, Minoru Nishimura Kang said: "Europe is not qualified to criticize Japan, Europe had already taken measures to long-term depreciation of the Euro, at the time, Japan has expressed support for Europe, and buy bonds."

Nishimura Kang Nim's remarks hinted that depreciate against the yen on the international criticism may not slow down the action of the depreciation of the yen Shinzo Abe (Shinzo Abe). His speech significantly suppressed the yen, intraday USDJPY once refreshed 30-month high to 90.54.

In addition, Japan's weak trade data also weighed on the yen. The data show that the Asian market, Japan's Finance Ministry announced Japan in December last year, exports fell 5.8% year-on-year decline is greater than market expectations of 4.2%, the annual trade deficit reached 6.9273 one trillion yen trade deficit for the second year in a row, and scale to record a new high. The data showed that Japan's exports face a lot of pressure, which may find more to justify the radical easing of the Bank of Japan.

U.S. initial strong data boosted market sentiment, to suppress the yen. The data released by the U.S. Department of Labor (Labor Department) on Thursday (January 24) January 19 when the number of claims for unemployment benefits 33 people, refresh the lowest since January 2008, while the number of initial jobless claims The four-week average to its lowest since March 2008, continued jobless claims to the lowest since July 2008. Industry experts pointed out that from the current situation in the beginning of unemployment benefits please a number of people around the moving average is now very close to this level of 350,000, based on past experience, the beginning of unemployment benefits, please fell to this level often means that the unemployment rate will decline further substantial.

Morgan Stanley (Morgan Stanley) said on Thursday (January 24), the full pressure, as the yen resumed for the U.S. dollar against the yen is expected to extend its gains. The bank said the deterioration in Japan's export data and Friday (January 25) will be released in Japan CPI data is expected to show the country remains grim deflationary pressures, which will inspire the Japanese officials to speed up the pace of policy change. The bank to do more than $ 88.50 against the yen, targeting 95.00, with a stop at 88.50.

Goldman Sachs on Wednesday (January 23) USDJPY is expected at the end of 2013 to 87.

Friday (January 25), the investors need to pay attention to the minutes of the meeting of the Japanese inflation data and the central bank, inflation data is directly related to the Japanese government and the central bank's monetary policy. Currently economists are more pessimistic economic outlook in Japan, the deflation forecast the country will be continued in December, and domestic demand, it is difficult to rebound. In addition, the Bank of Japan meeting minutes are expected to disclose the attitude of the Bank of Japan monetary policy, is also expected to yen a certain impact.

Medical insurance to be another heavy burden

The last day of last year, Washington last quarrel which just barely reached an agreement to avoid the U.S. financial cliff. New Year is over, the budget ceiling debate bubbling to the countertop. Regardless of the outcome of this debate, the practical problems of the United States to put in there. The key to not austerity, Who problem austerity. Which all financial expenditure in the United States, health insurance is slowly becoming rigid spending. Obama's universal health care program was implemented, and even make the expenditure part of the gradual growth of the financial burden on mid-aggravate health effects might not be much improved.

Over the past thirty years, the U.S. health-care costs growing too fast. 1970s, the United States and Canada for the cost of health care is almost equivalent to 7% of GDP. Thereafter, the growth rate of the beginning of the United States relative to other developed countries spend for healthcare. Up to now, the United States for the cost of medical care has been equivalent to the GDP of 18%, much higher than the 11% in Canada and 12% in France.

Although the United States spends so high, but it does not mean that the overall health status of the U.S. nationals is higher than other countries. In contrast, the average life expectancy in the United States in the 34 OECD countries, which is the reciprocal of the eighth. Not only that, the U.S. health care system to make ends meet, facing the edge of collapse. If you do not change the burden of health care in the United States enough to make the United States bankruptcy. Especially those old "baby boomers" are beginning to enjoy the public health care in the United States, the situation will deteriorate further. Obama's new health care plan is implemented, will produce more of the beneficiaries, but the burden is left to the government budget. Even if the financial cliff bipartisan debate remains the sake of discussion, very seldom comes to how to reduce the deficit budget, more reluctant to touch on the problem of the huge cost of health care is rising dramatically.

In developed countries, the United States per capita for healthcare costs has almost twice the average of other developed countries, but Americans' average life expectancy in 2009 was only 78.2 years, lower than the developed countries of the world average 79.5. U.S. per capita spending of $ 8000 for medical care, while the OECD average was $ 3400. Second highest in the country of Norway, the world spent on medical spending per capita than the United States in 2009, 33% less than in the United States, but the average life expectancy of its nationals almost 3 years. Japan's per capita health care costs about $ 5000 less than the United States, but they have the highest average life expectancy of 83 years.

Since 1970, the growth rate of per capita cost of the U.S. health care several times the growth rate of registered government medical insurance capitation. Roughly speaking, from a registered medical insurance capitation growth rate of about 3.4% annually, while over the same period the cost of health care has an average annual increase of 13.4%. Slightly down even the 1980s, the cost of health care in the 1980s to 9.6%, the 1990s to 5.6%, the 2000s was 6.8%. In the last three decades, however, the poll of registered government medical insurance increase an average of just 2%. In addition to the registration number of the main sources of funding, the excess part will be transformed into a financial burden.

Over the years, Japan and the United States are strictly control the medical costs of the country. According to the Washington Post, in 2009, Japan provided a standard MRI charges only $ 98, while the United States up to $ 1500. This alone, the cost of medical care in the United States is equivalent to 15 times that of Japan. The visible control non-existent in the United States.

In Japan, for the individual, not the insured is not necessarily punishment, but the Japanese forced the insurance company must cover all citizens. In 1961, Japan began to implement the National Health Insurance Scheme, the national levy a fixed fee, the annual cost of renegotiation by the doctor and the health sector in Japan. Japanese patients, in terms of directly bear 30% of the medical costs. The remaining 70% by the insurance companies and the government share the burden. Speaking of children, health care is almost free. Japanese law requires all hospitals in order to reduce the cost of health care, not for profit, and must direct management by a doctor. For healthcare insurance companies are not for profit. Profits of the capitalist principle of medical care in Japan is not established.

In addition to the regulations of the government, an important cause of the social differences between Japan and the United States is also the medical cost difference. Japanese society, many Japanese violence, drugs, obesity, and other than the United States a lot less peaceful than the United States. According to the OECD study, 30% of people in the United States have an obesity problem, and only 3% in Japan. However, more importantly, plays a decisive role in the prevention-oriented health care strategy. Annual free physical examination, almost to the benefit of all nationals. Japanese average annual number of hospital visit is four times that of the Americans.

Rising health care costs in the United States, in fact, is only one aspect of the problem. Retired population and enjoy federal health care population growth will be a major factor in the growth in health care costs. Expected to enjoy the Medicare population in the next 10 years there will be substantial increase from the current average annual growth of 1.9%, rose to an average annual growth of 3%. 1.5 million people per year federal health care programs. By 2035, the total population covered by the federal health care plan, an increase from the current 4850 million to 8530 million.

In the present case, the U.S. government belongs to the two main health insurance are able to directly draw from the budget of the federal budget and Chau funds to increase spending almost no constraints. These two projects covered under the personnel, almost unrestricted application of a variety of treatments and services, and to guarantee their lifetime. Generally speaking, 75% of the medical costs of the person's life occurs after the age of 65. Also, spent most of the medical expenses of a person's life is the last year of life. Especially when the To continue last life, state-of-the-art, high-cost approach to medical care and drugs, it is often inevitable. Thus, a large number of baby boomers enter retirement, will become another important factor driving rising health care costs.

In short, in terms of the financial burden, Obama's universal health care plan is worse. Do not discuss these specific expenditures, the budget ceiling debate will be in the future is almost mid-put on the agenda in Washington.

Buffett only one suite: Cost $ 30,000 and live there for 55 years

Warren Buffett ranked the world's third-richest with net worth of $ 46 billion, but he actually only one residential --- this 550 m2 residence is located in Omaha, Nebraska City, USA 55 years ago, he spent $ 31,500 to buy, and lived there for more than half a century. The house is now the market price is about $ 700,000, Bibafeite then purchase rates doubled 20 times, it was Buffett called his life in addition to the two wedding rings outside the third-largest "best investment".

$ 30,000 buyers

Despite Buffett's wealth for his purchase numerous properties in the world, but in the past 55 years, he has been living in this place is not luxurious residential. This Buffett has lived for 55 years dwelling without walls, no large iron gate, no security guards, no surveillance cameras, it is almost exactly the same and the surrounding middle-class residential.

In fact, in addition to the old house outside of this Omaha, Buffett has also worked in Laguna Beach, California, United States can share a holiday villa, 2005 price of $ 5,450,000, this holiday homes sold. In the past few years, this holiday villa is frequent reselling it changed hands again in the spring of 2012, but the transaction price fell to $ 4.3 million.

Now worth $ 700,000

Today, Buffett's this only residential price has risen to $ 700,000, Bibafeite then purchase rates doubled 20 times. Buffett said in an interview, when the purchase of the house is done in his life, the third largest "best investment", while the other two "best investment" to his wife to buy two wedding rings.

In fact, Buffett's house was not the highest value of a house in the area, next door to an even smaller area of the house, assess the price up to $ 826,870.

Why not change the mansion?

Previously was asked Buffett why do not want to change a mansion, as long as he wishes, he can buy a luxurious mansion in the global market.

Buffett said in an interview: I live here happily ever after, if I think would be happier living elsewhere, I think I would move. If I were 10 houses in the world, how can I increase the quality of your own life? Unless I want to be a real estate managers, but I do not want to manage 10 houses, I do not want other people to manage for me, I do not know why 10 houses can make me happier? The house is warm in winter and cool in summer, very suitable for me. I can not imagine a better home than this.

U.S. consumer confidence index fell to a low of fear of further deterioration

Recently announced the results of a survey show that the January U.S. consumer confidence unexpectedly worsening for two months in a row and fell to the lowest in more than a year, many consumers said this is subject to the subsequent effects of the recent "financial cliff". In addition, analysts believe that the U.S. consumer confidence still further deterioration of the space.

Reuters said that the past two months, while consumer confidence to drop, the United States is also carried out tit-for-tat budget negotiations, the outcome of the consultations is to many Americans to pay more taxes. In a few weeks after the financial agreement, U.S. President Barack Obama and Republican members of Congress or to cut spending and to enter a new round of tough negotiation, which may be a further blow to consumer confidence.

According to this survey published by Thomson Reuters and the University of Michigan, U.S. January consumer sentiment index to 71.3, the highest, the lowest since December 2011. Survey director Richard Curtin pointed out in a statement issued on the value data in early January, the most special is that financial cliff consultation is a negative factor, the proportion of consumers surveyed up to 35%, setting a new record high. "importantly, the debt ceiling negotiations coming, may further weaken confidence, "he said.

New York Jefferies & Co. Currency market analyst Thomas Simmons said that the handling of the negotiations of the fiscal cliff, well aware of the tax-free period is about to end, plus the expected revenue will be reduced, these may be depressed consumer confidence factors.

"Due to the debt ceiling issue has not yet been resolved, the future will face more political controversy, we believe that the fear of further deterioration in consumer confidence." Simmons said.

Reuters pointed out, Republican lawmakers in the House of Representatives has already hinted that the debt limit is reached in mid-February to early March, when the U.S. government, they have the potential to support short-term solution raised the debt ceiling. If the U.S. Congress fails to raise the debt limit, it may lead to government default, so as to shake the market.

IMF:Greece still needs ten billion euros additional financing

IMF 18 released a report that the scale of financing approved by the Greek government in 2015 to 2016 to 26 billion euros, but will continue to face a financing gap of 5.5-9.5 billion euros . The report is expected in 2012-2016, Greece's new financing needs totaling 32 billion euros, resulting in the total loans of the country since the outbreak of the crisis to about 255 billion euros; avoid Greece's debt out of control, the European Union will eventually be forced to accept Greek write-downs of loans to 25% of the total, the European Central Bank is also required to bear 25% write-down Greek bond losses.

The IMF estimated 2014 Greece may need financing scale for the first time, is also the first time to Europe in the Greek bailout may bear the loss forecast. Previously the EU had predicted the Greek aid funds from 2015 to 2016, two years demand gap of 5.6 billion euros.

The IMF said that from mid-2010 to the present, Greece from eurozone partners and the IMF to accept tens of billions of euros in emergency aid loans, averted bankruptcy. Greece sluggish economic recovery, may face the sixth consecutive year of economic recession in 2013. Currently, Greece's debt-to-GDP ratio up to 179%, the implementation of the structural reform program risk is still very high. Greece can abide by previously signed aid agreements, and timely implementation of the policy of fiscal austerity and structural reform, the EU is expected to continue in 2014 to provide up to 9.5 billion euros of new financing.

According to German media reports on the 18th, the German government is dissatisfied with slow progress in the privatization process in Greece. The Greek government will further the sale of state-owned assets, which is the condition for assistance. Reported that the European Commission data show that by the end of 2016, Greece is expected can only complete value of € 8.5 billion sale of the scale, while the previous EU expects the sale of the country at the end of 2015 will reach 50 billion euros.

Despite the aid, Greece project is still at risk, but a number of hedge funds have begun to bet on Greek assets. According to the "Financial Times" reported that just last year established hedge fund Dromeus Capital began in October last year, large-scale buying of Greek corporate bonds and stock prices fell, within 3 months of the end of last year, gains more than 40% of earnings . In addition, the U.S. billionaire Dan Loeb's hedge fund ThirdPoint the last year by betting on Greek government bond repurchase earnings amounted to $ 500,000,000.

Gold may drop to $ 1200 in 2018

Today, Goldman Sachs decided to increase gold short bets, the agency commodity analyst said it expects 2018 gold prices fell to $ 1,200 / oz.

The report, the bank analyst Christian Lelong, said Max Layton, Damien Courvalin, Jeffrey Currie and Roger Yuan, assuming that the U.S. real interest rates, such as the most representative of the U.S. 10-year bonds rose to 2.0% in 2018, is expected to gold prices continuing to fall in the next five years, and the long-term expected gold fell to $ 1,200 / oz in 2018.

Goldman Sachs said that in addition to the effective interest rate, the linkage between gold and currency also affects the price of gold. Expected gold ETF physical market and the demand for central banks in 2013 will continue to increase the speed of 2009-2012, gold ETF demand slowdown in 2014. The currency will gradually stabilize in the next few years will slow and cut the price of gold rally. However, this assumption is a risk exists, the demand for physical gold may go the other way, but the gold market is negligible, because regardless of the currency stronger or weaker, not as good as the Fed's QE initiatives gold to impact force. Monetary policy further relaxation in order to change the price of gold prospects. However, a significant increase in gold investment demand when investors and major central banks also exists the potential required to buy cases suffer a similar monetary policy is no longer relax like so much impact when, having pushed gold prices higher gold ETF holdings or a sharp decline in This will in turn accelerate gold prices down.

Aspects of inflation, the bank also said that the gold trend established in accordance with the effective interest rate and currency demand model shows that inflation and the price of gold is usually a positive correlation. However, the possibility of inflation above the Fed target is relatively low for the following reasons:

Despite the significant expansion of the Fed gearing table, but inflation is expected to remain very strong.

2. Edge of economic decline is just so the decline in the unemployment rate was slower than expected

Commodity prices are expected stable than the previous year.

Finally, Qualcomm [microblogging] inflation suddenly appear, gold is likely to be offset by the following factors:

If the U.S. economy accelerated recovery, the U.S. real interest rates will quickly rise.

If inflation expectations rise, the Fed's gearing table or will stop expanding.

Goldman Sachs said that, in short, the higher effective interest rate is much higher than the suppression of gold continued monetary easing policies constitute the support for gold.

The size of the global hedge fund has reached $ 2.25 trillion

Stable capital inflows and capital growth in the global hedge fund performance brought the size of the market in the fourth quarter of 2012, up $ 60 billion, the entire size of the market reached a historic $ 2.25 trillion as of the end of last year.

Global Hedge Fund Index, research and analysis agencies HFRI in the global hedge fund market report released last Saturday, the fourth quarter, the HFRI Fund weight composite index rose 1.3 percent, better than the stock market performance over the same period, 6.2% of the 2012 annual results, the global investment people will continue to put money into the hedge fund market in the fourth quarter inflow of funds into the hedge fund industry amount to $ 3.4 billion net inflow of $ 34.4 billion the year.

Contrarian rise in fourth quarter

Although the European banking sector, the sovereign debt crisis and U.S. fiscal cliff, the debt ceiling adjustment of political and economic uncertainty and challenges remain shrouded in financial markets, the report pointed out that the rise is due to the fixed income assets of global hedge funds in the fourth quarter of contrarian based relative value arbitrage strategies.

HFRI relative value arbitrage index rose 10.5% in 2012, from 48 months of the financial crisis in December 2008, the strategy has been a continuous 41 months continuous performance is positive, investors in the fourth quarter of last year invested a total of $ 6.5 billion in new capital to the relative value of the strategy, the entire inflow of $ 41.4 billion for the year. These capital inflows so that the relative value scale capital arbitrage strategies hedging strategies of the four strategies of hedge funds since 1991 to reach $ 609 billion, the first time in more than stock size.

In contrast, the equity hedge strategy in a volatile environment performance rectify the fourth quarter, investors from stock hedging strategies still withdraw $ 1.2 billion, the annual total redemption of $ 10.4 billion, as of the end of 2012 the stock hedging strategies The total capital declined to $ 598 billion. Event-driven strategy despite a good performance, performance rose 3.22%, but the same was the withdrawal of investor funds, the total annual outflow of $ 6.6 billion. Macro hedging strategy fund performance decline in 2012, but received by the market, has not diminished, the net inflow of $ 10.3 billion in annual funds to reach $ 488 billion as of 2012.

"More and more investors prefer transferred from the fuzzy, illiquid stock Beta Strategy to provide transparency, liquidity, the rise of high-quality flexible strategies and institutional risk management and continuous performance strategy." The HFRI president Ken Nice of * He Yinzi (Kenneth J. Heinz) said, this year, the growing size of the hedge fund market will continue to attract global investors, a transparent long and short strategy portfolio will be more vulnerable welcome.

Germany plans back to the half gold, Western Central banks or a crisis of confidence

Germany's Central Bank yesterday confirmed market famous message: Germany was part of the gold reserves stored in foreign banks back home.

It is learnt that the Germany Central Bank recalled the plan is being carried out in phases of gold, bank storage and transportation from New York back to 300 tonnes of gold, from France's Central Bank shipped back to 374 tonnes of gold. Germany's Central Bank, Central Bank's goal that by 2020, half of the gold reserves stored at the national level, while the other half will remain in London and New York, kept in France the gold will come back to Germany.

Currently, Germany's Central Bank has gold reserves of 3,396 tons, ranking the United States zhihou, second largest in the world. Among them, the 45% of the gold reserves deposited at the New York Fed, 13% store in London, 11% store in Paris, only 31% store in Germany in Frankfurt. Previously, Germany media, 69% gold abroad is "absurd". Germany's Central Bank is considering finding its gold reserves to the new location.

In recent years, the Fed has repeatedly refused Germany's central bank checks these golden, on the grounds that "Treasury may be a security risk and procedural issues". As the European debt crisis intensified, more Germans call for Germany's gold reserves back to domestic. Investment guru gross questions: Germany's Central Bank returned to gold reserve means that confidence between the banks has collapsed in the West?

In Germany after the Central Bank announced the news, the international price of gold was little changed. However, analysts said, although Germany only partial withdrawal of gold reserves of the Bank, but it should be clear full withdrawal of gold reserves on the consequences of the global monetary system. Germany's Central Bank could trigger a chain reaction, prompted other countries to start will be stored in the gold back to the country from London, New York or Paris. In addition, the United States and the United Kingdom seem to be losing its credibility as a trustee of the gold.

As early as last year, the Netherlands political party also called for will be kept outside the gold back to the country. To date, only United States State of tensions, Venezuela had returned to their country's gold.

American media to resolve the debt crisis advice

United States Eastern time Monday, Obama again stressed to the media, their Republicans in raising the debt ceiling will not be making any concessions on the issue, and said to the detriment of United States economic and reputation for intimidation of the Government is very "ridiculous". However, the Republican leader of the Senate maikekangna (Mitch McConnell) believe that not enough importance to the Obama administration to reduce government expenditure, thus raising the debt ceiling debate is a reminder to them of the "best time".

But has not much time left to the two parties showed up. In fact, in the dawn of the new year, United States Government has already exceeded the liability cap established by Congress, it was also able to checkout, pay, because the Ministry of Finance has launched a number of so-called "unconventional measures" used mainly including federal employee retirement funds to buy short-term debt, and so on. These means provide approximately $ 200 billion of cash, enough for the Federal Government's insistence on up to two months, end of February has been generally agreed that the deadline for raising the debt ceiling.

However, this period is estimated, according to an analysis, the Government probably will run out in mid-February and once the United States unable to pay to the national and international implementation commitments, that will no doubt bring devastating consequences. Therefore, experts made a strange response in the media from various tricks, for Obama to bypass Congress to change. In addition to other than the Treasury issued 1 trillion denomination coins, there are several very creative.

The New York Times recently published review articles of a Professor of law at the University of Southern California, said the Federal Government can learn some developers approach of farmer workers ' wage arrears, to its employees, arms suppliers and recipients of government benefits human hair "ious." While the commercial bank consider claims purchased from holders of ious, thus had to cash in. This approach has two disadvantages, however, commercial banks are likely to be "discounted price" only buying ious, the second is United States federal law prohibits transfer of Federal Government claims, Obama had to use administrative means to suspend the validity of the Act.

Sell gold

CNN article said the United States gold reserve valued at more than US $ 4.3 trillion, sell gold proceeds should allow the Government to go for more than a while. The advantage of this approach is clear gold sales channels, but this, like ordinary people selling family belongings to pay, temporary difficulties can be solved, but the result is end up with nothing. US Treasury Secretary Timothy Geithner said, sell gold will lead to the instability of international financial markets, and to United States reputation took a severe blow.

Rental property

The gold is gone, the Federal Government has a lot of federal property can also be used to make money. The business week article said, the statue of liberty can be rented to Slavic fashion model-Lauren, visitors like best you can put advertising banners in the National Park. With regard to the right to sell property, mining, research equipment and facilities, you can generate 260 billion dollars in the next 15 years to the Government revenue.

Seeking relief

BusinessWeek's article also said, in the European debt crisis, Greece's debt is part of its creditors but to pardon, if the United States can find ways to follow, it is "fundamental" solve the debt problem. Of course, the United States Government can also apply to the World Bank, the International Monetary Fund debt relief for poor countries projects, once approved, will join Afghanistan, Haiti, Zambia and other countries, and of mind.