12-01 :: January 2012
nanotimes Trends Quotes
“In danger and huge misery the middle path brings death.”
Friedrich von Logau, Epigrams
“The eurozone is in a form of limbo: it is neither so deeply integrated that break-up is inconceivable, nor so lightly integrated that break-up is tolerable. Indeed, the most powerful guarantee of its survival is the costs of breaking it up. Maybe that will prove sufficient.”
Martin Wolf: Much too much ado about Greece, In: ©ft.com, February 14, 2012:
http://www.ft.com/intl/cms/s/0/3d4c2598-5701-11e1- be5e-00144feabdc0.html
The ECB may be following a “road at whose end awaits the complete ‘Rublezonefication’ of the com- mon monetary, credit and liquidity policy into 17 different national policies and, ultimately, a fractu- ring of the monetary union into multiple indepen- dent national monetary regimes.”
Willem Buiter, Citigroup Inc. chief economist, In: Simon Kennedy: ECB Risks Repeat of Ruble Zone Failure, Citigroup’s Buiter Says, In: ©Bloomberg Business Week, February 15, 2012:
http://www.businessweek.com/news/2012-02-15/ecb-
risks-repeat-of-ruble-zone-failure-citigroup-s-buiter-says. html
“Gold purchases over the past 10 years have been derived increasingly from emerging markets, espe- cially emerging Asian countries (with India, China, and Vietnam accounting for the bulk of the incre- ase in demand). Whereas in 1999, emerging Asia accounted for only 39% of global gold demand, by 2010 this figure had reached 57%.”
Amit Bhartia and Matt Seto: Emerging Thoughts: Emerging Consumers Drive Gold Prices: Who Knew, In: ©GMO Insights White Paper, January 2012, Page 2: http://www.gmo.com/America/GMOInsights/
“In sum, a comparison of U.S. and Chinese inno- vation systems over the past twenty years provides strong evidence against declinism and in favor of the alternative perspective that China continues to lag behind the United States. China has increased its in- vestments in basic science, but these efforts have yet to signiacantly enhance its innovative capabilities.”
Michael Beckley: China’s Century? In: International Security, MIT Press, Winter 2011/12, Vol. 36, No. 3, Page 72. http://www.mitpressjournals.org/loi/isec
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