Le yuan remporte une première victoire sur le dollar  21/05/2013

Dans l’est de l’Asie, cette politique suscite la méfiance et un bloc "yuan" s’est déjà formé : six des 10 pays de la région (Corée du Sud, Indonésie, Taiwan, Thaïlande, Malaisie, Singapour) ont d’ores et déjà fixé leur taux de change plus par rapport à la monnaie chinoise qu’en fonction du dollar. Seuls Hong Kong, le Vietnam et la Mongolie continuent de suivre le dollar...

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La Chronique Agora


Too Big To Fail Is Bigger than Ever  21/05/2013

The G7 summit brought up too-big-to-fail (TBTF) financial institutions as a systemic risk to be addressed. The odds are low that any real reform will materialize. Removing this flaw could trigger a big global downturn. No major government has the stomach to go through with it...

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Caixin


Scandale du fisc américain : les racines du mal  21/05/2013

La "malédiction du second mandat", dont plusieurs présidents américains ont été victimes, menacerait-elle Barack Obama ? Le scandale de l'Internal Revenue Service (IRS ; le fisc américain) sera-t-il un jour comparé par les politologues à l'affaire Lewinsky pour Bill Clinton, à l'ouragan Katrina pour George W. Bush, voire au Watergate pour Richard Nixon ?...

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Le Monde


Trouble on the farm: 'We face a grim future'  21/05/2013

Like most farmers, Schriver has dealt with drought, freezing temperatures and the uncertainty that comes with toiling in the fields. But Schriver says he's worried about a new threat to his livelihood—the real possibility that the U.S. agriculture industry could suffer a crippling economic bust after years of unprecedented boom..;

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NBC News


India - Bank mergers could lead to too-big-to-fail entities: Chidambaram  21/05/2013

The Finance minister underscored the need for two or three world-size banks in an economy that is poised to become one among the five largest in the world...

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DNA India


Japan's regional isolation higher than ever  21/05/2013

Japan's neighbors are getting wary of PM Shinzo Abe and his center-right government. At home, however, Abe is bucking the trend of his immediate predecessors and riding high in the opinion polls...

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Deutsche Welle


China, India can build trust: Li  21/05/2013

Border disputes and trade friction cannot prevent China and India from building strategic mutual trust and cooperation, Premier Li Keqiang said during his visit to India on Monday...

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China Daily


Volatile Bond Market Puts Bank of Japan in a Spin  21/05/2013

The Bank of Japan (BOJ) is not expected to make significant changes at this week's monetary-policy meeting, although policymakers could use the opportunity to calm fears in the bond market about the implications of the radical stimulus measures unveiled last month...

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CNBC


Baby Blues in Europe as Birth Rate Declines  21/05/2013

The latest report from Europe's main statistics agency suggests that the European financial crisis has had an impact on birth rates across the continent since 2008, data supported by evidence from European demographic experts and a U.K.-wide parenting forum...

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CNBC


Are Treasurys Falling Out of Favor With China?  21/05/2013

Reports that China may step up the diversification of its huge foreign exchange reserves is not great news for U.S. Treasurys, already under pressure from talk about an easing in the Federal Reserve's bond-buying program. But, the fall-out from such a move is likely to be limited, analysts say...

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CNBC


Senate panel says Apple avoids billions in U.S. taxes  21/05/2013

Apple, the tech giant that has made a corporate bonanza by selling iPhones, iPads and iPods to consumers worldwide, has avoided tens of billions of dollars in U.S. taxes on its income and profits, according to a Senate report summary issued Monday and swiftly challenged by the firm...

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USA Today


JP Morgan : le vent a tourné pour "monsieur Parfait" Jamie Dimon  21/05/2013

La polémique a été lancée par plusieurs fonds de retraite américains et quelques cabinets influents, qui ont profité des récents déboires de la banque pour demander aux actionnaires de se prononcer, mardi 21 mai, sur une dissociation des fonctions à sa tête...

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Le Monde


Le patron de Google reconnaît que "le droit fiscal international gagnerait à être réformé"  20/05/2013

Dans une tribune publiée, dimanche 19 mai, par l'hebdomadaire britannique The Observer, Eric Schmidt, le patron de Google, s'exprime sur la fiscalité des multinationales du Web...

Lire.lemonde.fr/technologies/article/2013/05/20/le-pdg-de-google-reconnait-que-le-droit-fiscal-international-gagnerait-a-etre-reforme_3378752_651865.html#xtor=AL-32280270
Le Monde


Enron No Lesson to Traders as EU Probes Oil-Price Manipulation  20/05/2013

Enron Corp.’s 2001 collapse revealed the extent of its manipulation of spot gas prices. Twelve years later, European Union regulators may discover energy traders never learned the lessons of the scandal...

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Bloomberg


La transparence nous rendra-t-elle l’avenir ?  19/05/2013

Jamais les gouvernements n’ont été plus décidés à combattre la fraude fiscale. Et si cette mobilisation pouvait rendre l’espoir et redonner au politique la noblesse de sa fonction ? Et si la transparence était le meilleur moteur pour surmonter la crise ? Et si l’économie retrouvée pouvait calmer les ardeurs intégristes des nostalgiques du passé ?...

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Place Publique


Zone euro : la Bundesbank reste vigilante  19/05/2013

Le président de la Bundesbank, Jens Weidmann, appelle à ne pas relâcher les efforts dans la lutte contre "les origines" de la crise en zone euro. Il a également réitéré ses réserves à l'encontre du sursis de deux ans accordé à la France...

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Challenges


Three Fed Presidents Call to Phase Out Mortgage Bond Buys  18/05/2013

Three Federal Reserve regional bank presidents called for phasing out the Fed’s monthly purchases of $40 billion in mortgage-backed securities as the housing recovery shows signs of gaining momentum...

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Bloomberg


Grèce : Fitch relève la note de la dette souveraine à «B-»  18/05/2013

L’agence de notation évoque un rééquilibrage de l’économie et de nets progrès accomplis dans l’élimination des déficits budgétaires et courants, autant d’éléments amenuisant le risque d’une sortie du pays de la zone euro, même si le prix à payer a été lourd en termes de hausse du chômage et de production perdue...

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Les Echos


Mali: With Billions of Euros Pledged, Mali Risks Aid Overflow  17/05/2013

In January of this year, a French-led intervention ended more than a year of sectarian violence in the north of Mali. The intervention managed to stall the conflict, but the situation in the region remains tense...

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AllAfrica


Forex reserves down $616.4 million to $293.69 billion  17/05/2013

The country's forex reserves slipped for the second consecutive week, dipping by USD 616.4 million to USD 293.69 billion on a fall in currency assets, the Reserve Bank said today...

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Times of India


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GEAB N°75 - Contents

- Published on May 16, 2013 -

Systemic crisis 2013: with record stock exchange highs, the planets imminent plunge into recession
The world economy is slowing down badly and a widespread recession is looming. The various players are fully aware of it and, in the face of the challenges of an imminent collapse, countries or regions are putting various strategies in place to try and limit the consequences… (page 2)
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BoJ, Fed, ECB : with different methods, contrasting futures
In order to see the unfolding of the global systemic crisis more clearly, we must understand how the major western central banks act, the limits, the advantages, and the disadvantages of their interventions. We explain their policies in broad terms… (page 9)
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GEAB Dollar and Euro index
The traditional Dollar Index (used by the financial markets) is an unreliable indicator for forecasting US Dollar developments. Henceforth, our team will also publish the GEAB $ index together with the GEAB € index… (page 14)
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Strategic and operational recommendations
. Decoupling of paper and physical gold
. European sovereign bonds: the ECB is still the boss
. Stock exchanges: when QE rains money ! … (page 17)
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The GlobalEurometre - Results and analysis
The general tone of this month's poll is sombre, to say the least. Confidence in the capacity to manage the Euro crisis has literally collapsed this month, the fear of losing money has significantly risen … (page 18)
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