The Global Capitalist

The Pakistani Miracle is Finished

admin — Tue, 22 Jul 2008 04:25:25 +0000

Some countries win and other countries lose. While the fortunes of a certain geographic area of the world certainly can change over times, there are some areas in the world that are doomed to poverty forever. One of those areas is Pakistan. (more…)

Turkey and India equities lose big

admin — Tue, 08 Jul 2008 02:59:40 +0000

The week ending July 4th, 2008 was a bloodbath for world equity markets. Of the major indexes, only 2 were positive for the week overall: Austria, which gained 1%, and the Czech Republic which skyrocketed 7%, despite the financial stress in the system globally. The worst performing markets got crushed, with the Pacific Rim containing 6 of the bottom 10 performing equity markets for the week overall. Outside of Asia, Ireland, Brazil, and Chile were the worst performers, dropping between 6-8% each, with Turkey putting up the worst numbers, dropping an outrageous 10% in a single week. (more…)

Stock markets suffer major declines

admin — Mon, 07 Jul 2008 00:45:06 +0000

Stocks throughout Asia have been getting hammered recently, as the worldwide financial crisis worsens, and has reached virtually every country on the planet. The Japanese stock market index has now been on a consecutive losing streak of 12 days, its longest such streak in 5 decades. (more…)

Pakistan: Bhutto’s death causes political turmoil

admin — Thu, 27 Dec 2007 21:02:30 +0000

Benazir Bhutto’s death in Pakistan this morning is a huge blow to the global political infrastructure. While her reign in office was marked by corruption and poor policy decisions, political stability and law and order are essential to the progress of developing countries such as Pakistan. Her death has caused (more…)

China boom spurs southeast Asia

admin — Thu, 27 Dec 2007 06:29:09 +0000

The International Herald Tribune had a fantastic article today on how the growth of China is causing monumental changes throughout all of Southeast Asia. In particular, they profile the plight of Loatian farmers who previously collected crops and transported them by foot (more…)

Bush pushing US towards communism

admin — Sun, 09 Dec 2007 04:51:35 +0000

The recent proposal by the Bush administration to freeze certain interest rates on sub-prime mortgages is one of the biggest steps away from capitalistic thought since the New Deal era. The proposition essentially will allow the government to hold interest rates below market value for those who are unable to afford them. Hugo Chavez would be proud of any proposal like this that rewards poor financial knowledge by providing the ‘less fortunate’ with greater access to capital than those who were intelligent about their real estate dealings.

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Venezuela votes on new constitution

admin — Sun, 02 Dec 2007 20:18:04 +0000

Venezuela is undergoing an election of monumental proportions today that may give Socialist leader Hugo Chavez the ability to be in office for the rest of his life. The election is a complete redraft of the constitution and perhaps the most important vote in the history of the country. Many former supports of the government have recently defected, calling the newly drafted constitution a step in the wrong direction and giving far too much power to the current President. Even with such public defections and anti-constitution protests that have been seen all over the country the past week, the chance for approval is seen as greater than 50/50. (more…)

PetroChina worth $1 Trillion

admin — Mon, 05 Nov 2007 15:25:49 +0000

PetroChina’s (NYSE: PTR) IPO today in Shanghai made the Chinese oil and gas producer the most valuable company in the world, more than doubling the market capitalization of its closest competitor.

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Sarkozy gives France new direction

admin — Mon, 29 Oct 2007 00:06:25 +0000

After months of being in office, it has become clear that Mr. Sarkozy, the new French President, is indeed, the real thing. His no-nonsense talk about the benefits of capitalism and the anti-socialistic agenda he subscribes to are indeed a reflection of how the French people themselves have become tired of being the backwards child in the European system. (more…)

Could Burma rise again?

admin — Sun, 23 Sep 2007 22:51:00 +0000

Burma, which has been under a strict dictatorship for the past generation, is experiencing its largest protests in at least 10 years. The protests, which were fuelled when the government raised energy prices, are aimed at removing the current government and re-instating Aung San Suu Kyi. (more…)