Archives for posts with tag: InternationalFinancialCrisisChannel

MONEY BUZZ Blog Report: IRON ORE PRODUCTION SIGNALS EXPANDING GLOBAL ECONOMY, By Ambassador Mo
Global production of iron ore was at an all-time high last year & is expected to continue rise for at least 2 years confirming recovery in steel industry & also overall global economic activity. Iron ore use will increase from 1.92 billion tons in 2011 to about 2 billion tons in 2012 & 2.08 billion tons in 2013 according to Report by UN Conference on Trade & Development (UNCTAD) in cooperation with Sweden-based Raw Materials Group. –More–
http://diplomaticallyincorrect.org/blog_post/iron-ore-production-signals-expanding-global-economy/55236Image

MONEY BUZZ Blog Report: BIG BANKS AS RICO’S, By Ambassador Mo
Could banks be prosecuted under the US Racketeer Influenced and Corrupt Organizations Act (RICO)? The evidence & admission of rigging the LIBOR rate (London Interbank Offered Rate) among some of globe’s biggest banks has already caused heavy fines, regulatory reprimands & resignations, most notably at London based Barclays. A criminal investigation apparently is underway. –More–
http://diplomaticallyincorrect.org/blog_post/big-banks-as-ricos/54685Image

MONEY BUZZ: RISKS HIGH/GLOBAL ECONOMIC PROSPECTS SLOWLY IMPROVE, By Ambassador Mo“For the past six months we’ve been on a rollercoaster ride. Our baseline is that growth is going to be slow in advanced economies; sustained, but not great, in emerging market and developing economies. ImageBut the risk of things turning bad again in Europe is high.” –More–

http://diplomaticallyincorrect.org/blog_post/risks-highglobal-economic-prospects-slowly-improve/50690