No one can recall that the last two years have been mild. We are faced with the worst in recent memory the financial crisis, and some of the largest banks in the world have come under state control.
If Tiger Woods is set to 'husband of the year ", it is difficult to imagine what other surprises prepared in 2010.
There is a view that any voiced predictions about as reliable as the bonds of Dubai, then, are presented below 8 Things that can attract our attention in the next 12 months.
First: a tax cut
Any government in Europe could face a fiscal crisis. They tried to pay for his way out of crisis, and as a result of run large deficits. By mid-2010 the government will begin to understand that only a sharp economic growth to drag them out of the budget hole. To achieve this growth can only be adapted if the policy under the business and lower taxes. Germany in this matter in front of all, given tax breaks for companies at $ 12.2 billion, and individuals. During the year the rest of Europe catch up with Germany.
Second: Merging BT Group Plc and Vodafone Group Plc
In times of low growth and fierce competition the company will turn to bankers for help through the process of mergers and acquisitions, in order to stay afloat. Only great deals allow companies to reduce costs and maintain profit growth. And what about the merger between the British telecommunications company? Operator BT Group and Vodafone are faced with rapid technological changes and the subsequent impact on their profits. As two drunks in a bar, they can support each other.
Third: News Corp. sells Times
Rupert Murdoch has always been the smartest and least sentimental player in the media industry. Now he is considering to introduce a paid subscription to the electronic versions of newspapers in the UK. Somewhere in the middle, he realizes that this is madness. No one wants to pay for the online newspaper. If he wanted to go the other way - it should have been done 10 years ago. Murdoch would not have a billionaire is not feeling the moment when close to failure. The Times - is still a prestigious name, so it might be interesting for Russian oligarchs and oil sheiks from the Middle East.
Fourth: The Italian head of the ECB
The term of presidency of Jean-Claude Trichet at the ECB will expire in 2011, but by the end of 2010 will have competition for his position. They can not re-select the Frenchman, and while they can not appoint a little-known Dutchman. They have already done so. So why not appoint an Italian? In fact, this is not a country with which you can connect financial management, but Mario Draghi impressed markets as chairman of the Bank of Italy. Hey, besides, he worked at Goldman Sachs Group Inc! Alumni Goldman has managed much of the world, so why not add the ECB in its list?
Fifth: Strikes in the UK
In May, work will begin the first Conservative government since Margaret Thatcher became prime minister in 1979. Country in the economic abyss, as it was then. Tory leader David Cameron clearly wants to implement unpopular measures immediately, cut government spending and corporate taxes to rebuild businesses. Using this kind of provocation, he soon realizes that the trade unions - is still a weighty force to be reckoned with. We must prepare for a long, bitter strikes and pound until the fluctuation of market will be watching for those who win.
Sixth: Restoration of the Irish economy
Ireland is in decline. Business dried up. The budget deficit will be catastrophic mark in 11,7% of GDP this year. But remember the phrase "Irish - lucky", it mean something. Isolated among developed economies, Irladniya relentlessly struggled with the effects of bubbles. They cut state spending, allowed real estate prices to fall to a level where people can actually afford to buy it and have kept corporate taxes low. By the end of 2010, while the rest of the world will try to find out why the new debt does not allow to get out of debt crisis, the Irish economy was back on his feet.
Seventh: waves of trials
When your condition is bad, the attorneys have a job. There were many agreements reached during 2006-2007, who had a good chance to make a profit, like the one that Bernard Madoff spend Christmas with his family. Pretty funny, but no one calls the lawyer, if the deal had brought the money. When someone loses money, it turns out that it was a fraud. It is expected wave of lawsuits, as many managers to direct investments, hedge funds and bank traders decide that the big deal they signed in 2007, illegally, and they want their money.
Eighth: "long-term reinsurance" has brought us all crazy
After the debt crisis requires a lot of time to identify adverse problems. It depends on when the debts are brought before the restructuring, and how much money the company concealed. As with Dubai, the situation could spiral out of control, but it takes time. The problem is that such situations are many, and some of them should get out of control. So it is quite correct wording to the end of 2010 we have plenty behold effects of "long-term perestrahovok. We may also see many "debt explosion".
If Tiger Woods is set to 'husband of the year ", it is difficult to imagine what other surprises prepared in 2010.
There is a view that any voiced predictions about as reliable as the bonds of Dubai, then, are presented below 8 Things that can attract our attention in the next 12 months.
First: a tax cut
Any government in Europe could face a fiscal crisis. They tried to pay for his way out of crisis, and as a result of run large deficits. By mid-2010 the government will begin to understand that only a sharp economic growth to drag them out of the budget hole. To achieve this growth can only be adapted if the policy under the business and lower taxes. Germany in this matter in front of all, given tax breaks for companies at $ 12.2 billion, and individuals. During the year the rest of Europe catch up with Germany.
Second: Merging BT Group Plc and Vodafone Group Plc
In times of low growth and fierce competition the company will turn to bankers for help through the process of mergers and acquisitions, in order to stay afloat. Only great deals allow companies to reduce costs and maintain profit growth. And what about the merger between the British telecommunications company? Operator BT Group and Vodafone are faced with rapid technological changes and the subsequent impact on their profits. As two drunks in a bar, they can support each other.
Third: News Corp. sells Times
Rupert Murdoch has always been the smartest and least sentimental player in the media industry. Now he is considering to introduce a paid subscription to the electronic versions of newspapers in the UK. Somewhere in the middle, he realizes that this is madness. No one wants to pay for the online newspaper. If he wanted to go the other way - it should have been done 10 years ago. Murdoch would not have a billionaire is not feeling the moment when close to failure. The Times - is still a prestigious name, so it might be interesting for Russian oligarchs and oil sheiks from the Middle East.
Fourth: The Italian head of the ECB
The term of presidency of Jean-Claude Trichet at the ECB will expire in 2011, but by the end of 2010 will have competition for his position. They can not re-select the Frenchman, and while they can not appoint a little-known Dutchman. They have already done so. So why not appoint an Italian? In fact, this is not a country with which you can connect financial management, but Mario Draghi impressed markets as chairman of the Bank of Italy. Hey, besides, he worked at Goldman Sachs Group Inc! Alumni Goldman has managed much of the world, so why not add the ECB in its list?
Fifth: Strikes in the UK
In May, work will begin the first Conservative government since Margaret Thatcher became prime minister in 1979. Country in the economic abyss, as it was then. Tory leader David Cameron clearly wants to implement unpopular measures immediately, cut government spending and corporate taxes to rebuild businesses. Using this kind of provocation, he soon realizes that the trade unions - is still a weighty force to be reckoned with. We must prepare for a long, bitter strikes and pound until the fluctuation of market will be watching for those who win.
Sixth: Restoration of the Irish economy
Ireland is in decline. Business dried up. The budget deficit will be catastrophic mark in 11,7% of GDP this year. But remember the phrase "Irish - lucky", it mean something. Isolated among developed economies, Irladniya relentlessly struggled with the effects of bubbles. They cut state spending, allowed real estate prices to fall to a level where people can actually afford to buy it and have kept corporate taxes low. By the end of 2010, while the rest of the world will try to find out why the new debt does not allow to get out of debt crisis, the Irish economy was back on his feet.
Seventh: waves of trials
When your condition is bad, the attorneys have a job. There were many agreements reached during 2006-2007, who had a good chance to make a profit, like the one that Bernard Madoff spend Christmas with his family. Pretty funny, but no one calls the lawyer, if the deal had brought the money. When someone loses money, it turns out that it was a fraud. It is expected wave of lawsuits, as many managers to direct investments, hedge funds and bank traders decide that the big deal they signed in 2007, illegally, and they want their money.
Eighth: "long-term reinsurance" has brought us all crazy
After the debt crisis requires a lot of time to identify adverse problems. It depends on when the debts are brought before the restructuring, and how much money the company concealed. As with Dubai, the situation could spiral out of control, but it takes time. The problem is that such situations are many, and some of them should get out of control. So it is quite correct wording to the end of 2010 we have plenty behold effects of "long-term perestrahovok. We may also see many "debt explosion".
By Bloomberg columnist Matthew Lynn (Matthew Lynn)
2 comments:
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