Lună: noiembrie 2013

Why China is Leading the Global Rise of Bitcoin

Capital controls in China are strict. It’s easy to bring money into the country, but getting it out (to invest or spend) is more difficult. That means there are are plenty of wealthy Chinese citizens and residents looking to move their money around the world with greater freedom. Kapron explained:

“Some people have the equivalent of tens of millions in dollar-equivalent value in China and they want to get it out.

They want to send their children to school in Canada, the US, Australia. Wealthy families, new and old money — it’s not a lack of trust in the local system, it’s just a need to diversify their investments.”

China’s huge population is cash-heavy yet increasingly wired, he said. Domestic investment options are limited to stocks, property, and more property.

Why China is Leading the Global Rise of Bitcoin.


OECD urges ECB to buy eurozone assets to revive economy

A leading international think-tank urged the European Central Bank on Tuesday to loosen the purse strings further and buy euro zone government and corporate bonds to accelerate a weak recovery.

The Paris-based Organisation for Economic Cooperation and Development (OECD) called on the ECB to emulate U.S.-style quantitative easing (QE) to help the single currency area avoid a Japanese-style deflationary spiral.

The ECB’s vice-president, Vitor Constancio, said the bank had discussed the possibility of QE but not in detail, and no technical planning work had taken place.

“All those instruments are on the table … but no decisions, we did what we did and that’s it,” he said, referring to a Nov. 7 decision to cut the bank’s key interest rate to a record low of 0.25 percent.

One of the bank’ hawks, Joerg Asmussen, said separately that more policy action was possible if inflation continues to be well below the ECB’s target, but only if deemed necessary.

“Risks of deflation may be slowly increasing,” OECD chief economist Pier Carlo Padoan told Reuters. “The ECB must be very careful and be prepared to use even non-conventional measures to beat any risk of deflation becoming permanent.”

Inflation in the 17-nation euro zone fell to its lowest in nearly four years at just 0.7 percent in October, prompting the latest rate cut. The euro zone economy is struggling to recover from its longest ever recession which ended in mid-year.

OECD urges ECB to buy eurozone assets to revive economy | Cyprus Mail.

Nu mai e un economist sau altul, chiar laureati ai premiului Nobel, care cer ECB sa actioneze acum pana nu ne trezim ca au trecut 20 ani de stagnare, deflatie si chin, Japanese style. E ditamai OECD. Wake up Angela! Ai ambele modele in fata. Americanii au iesit din criza in 2-3 ani, stimuland economia cu TARP si QE. Japonezii au pierdut doua decenii cu austeritatea pana sa inceapa anul asta sa faca si ei QE – si rezultatele nu au intarziat sa apara. Come on!

Samsung’s inventions don’t sell

According to the related industry sources on November 14, Samsung Electronics released the curved smartphone Galaxy Round on November 10, but the product currently shows daily sales of under 100 units. Its cumulative monthly sales fall under 10,000 units. 

Also, on September 25, Samsung Electronics released the Galaxy Gear in time for the wearable computing generation. Yet this product has cumulative sales under 50,000, with daily sales of only 800-900 units. These low sales values for the Galaxy Gear are far below the initial expectations of the industry.”

Galaxy Round & Gear: Are the Revolutionary Products Just Pilots? | BusinessKorea.

I guess it turns out inventing their own stuff doesn’t make Samsung successful. Who knew? Now let’s get back to work on the Galaxy S5 with 64-bit processor and fingerprint sensor ;)