The absolute first thing to say is that they are still alive and kicking.
Many have wondered what happened to. If I tried to write an accurate account of events would lead to an unnecessarily long and very boring story.
Wasting on just two words: after the Easter holidays I've had to abruptly leave Italy for a number of commitments (commitments I frankly underestimated). I spent a frantic couple of weeks abroad and upon my return I have also seen fit to get sick. Nothing serious, thankfully (I was not in Mexico), but enough to suck eliminate any desire to update the blog.
The result has been not to have published no posts in the last month. Meanwhile
success seems to be a bit 'of everything. Leaving aside the events of our own, those tragic as the earthquake in Italy in those pathetic as the story "sentimental" of our Prime Minister, in the economy seems to be calm returned. At least to hear how Mr Geithner and Tremonti who say with confidence that the worst of the economic crisis is behind us.
Some data actually show a slowdown in the rate at which the economy crashes. That surprisingly few. Remains to be seen how long the data will continue to show deterioration, albeit more modest, and how will it be before there is a real lift.
I do not see either of these events around the corner (they come back to it later).
They went out in recent weeks also results in the first quarter for the banking industry: all invariably higher than expected (a farce). The market, however, does not seem to be satisfied and struggles anxiously hoping that the results of stress tests - which should be released tomorrow - prove once and for all the exact conditions of the entire U.S. banking industry (which has already leaked out among the 19 banks examined only the JP Morgan does not seem to require additional capital).
The situation of the banks remains a central known to melt before we can seriously expect to get out of this crisis. We will see that surprises us through these famous tests, some of Geithner's strategy seems to be the same. Take time and hope that the economy, starting from the accounts of banks, unable to "grow" out of this crisis.
Chiudo qua questa breve comunicazione.
Da oggi e con la classica cadenza casuale (dovuta ad impegni, tempo a disposizione, condizioni di salute ecc) dovrei ricominciare ad aggiornare il blog.
Many have wondered what happened to. If I tried to write an accurate account of events would lead to an unnecessarily long and very boring story.
Wasting on just two words: after the Easter holidays I've had to abruptly leave Italy for a number of commitments (commitments I frankly underestimated). I spent a frantic couple of weeks abroad and upon my return I have also seen fit to get sick. Nothing serious, thankfully (I was not in Mexico), but enough to suck eliminate any desire to update the blog.
The result has been not to have published no posts in the last month. Meanwhile
success seems to be a bit 'of everything. Leaving aside the events of our own, those tragic as the earthquake in Italy in those pathetic as the story "sentimental" of our Prime Minister, in the economy seems to be calm returned. At least to hear how Mr Geithner and Tremonti who say with confidence that the worst of the economic crisis is behind us.
Some data actually show a slowdown in the rate at which the economy crashes. That surprisingly few. Remains to be seen how long the data will continue to show deterioration, albeit more modest, and how will it be before there is a real lift.
I do not see either of these events around the corner (they come back to it later).
They went out in recent weeks also results in the first quarter for the banking industry: all invariably higher than expected (a farce). The market, however, does not seem to be satisfied and struggles anxiously hoping that the results of stress tests - which should be released tomorrow - prove once and for all the exact conditions of the entire U.S. banking industry (which has already leaked out among the 19 banks examined only the JP Morgan does not seem to require additional capital).
The situation of the banks remains a central known to melt before we can seriously expect to get out of this crisis. We will see that surprises us through these famous tests, some of Geithner's strategy seems to be the same. Take time and hope that the economy, starting from the accounts of banks, unable to "grow" out of this crisis.
Chiudo qua questa breve comunicazione.
Da oggi e con la classica cadenza casuale (dovuta ad impegni, tempo a disposizione, condizioni di salute ecc) dovrei ricominciare ad aggiornare il blog.
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