Journals
Tuesday,Nov 17 2009, 01:28:45 PMDaily Economic Calender
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Risk Assets Rally Back Despite Bernanke Comments
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News and Events:Yesterday’s speech from Fed Chairman Ben Bernanke provided a quick shake up of risky asset longs for indolent markets that have grown accustomed to easy profits from improving global confidence and the assurance of low rates.Nevertheless, the bleak assessment of US economic activity, high unemployment and constrained flow of credit soon reassured investors they were on the same page, and EURUSD along with other risk assets quickly pared back initial losses. Gold continued to surge well into the evening to touch a high of $1143.67; a staggering 9.5% higher than where it traded 2 weeks ago, and silver also powered into the close at $18.40 levels, up 5% on the day.
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Tuesday,Sep 29 2009, 12:51:18 PMDaily Economic Calender
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Sunday,Sep 13 2009, 02:16:47 PMSecularism and the Middle East, it is possible?
Secularism and the Middle East, it is possible?
The title seems to be a philosophical one but nowadays by an Islamic backwardness in the Middle East the subject has become very hot again , at least in the Middle Eastern intellectuals' minds.
The improvement is important for two reasons:
Firstly it was these very same intellectuals who primarily allowed Islamic values to rule over their discussions about the their ideal form of government. This apparently led to mingling the religion ( read it Islam ) and the governmental methods. They interpreted their ideal for of government into Islamic capacities.
Second: They simply got enough of the same religious methods of governing ( whatever it is !) and turned back to secularism. Western world treated them as deja vu as them accepted the whole region as Islamic, while the realities showed Islam such as any other religion is not capable of advocating the form of governments.
The crises in the so called " Islamic world" is now turned to be an international crisis. Not only because religions are incapable of governing the societies, but because the Western world now is incapable of changing its perceptions about that. The perception is built upon " political considerations" from the one hand and " Islamic regime's " capabilities to use the law of " Taghie'e" which in Islamic world means telling lies to their own citizens as well as the world out side. The new religious leaders consider both as: incompetent and out of faiths. Either of which are allowed to be untruthful with.
The most critical problems of the world we live in now is just because of this pattern of observing the world by the established "Islamic regimes". Take Iranian concealing their atomic energy topic for years ,, was designed to tell lies about because regime believe this is their own business and no one else's. Beside they consider the rest of the world non-eligible with no right to be honest with and no tendency to cooperate with , because they are unfaithfuls.
Middle Eastern intellectuals understand their enigma of problems that no religion can offer a for of government but they are nor being listened to because for example President Obama needs from the other hand to start his carrier as a president as an Islam Lover, since he has half of his roots in Islam without even knowing what Islam means in a real Islamic society. What kind of impracticality this pattern of thinking creates for World peace and stability. This is simply a political process that at least the winner part of the Democrat party in the US believes so. They built up their program on negotiations with Islamic world. An enormous simplification of the realities of the so called "Islamic world".
Secularism in the Middle East, not only possible but it is already there. 75% of the states there are run by pure secular regimes. 25% are being called Islamic regimes because they take advantage of Islam to create international system they need to interact with the rest of the world. Still no difference in other economic and political fields with any other state in the world , except having Islam as the justifier of their corruption, incompetence and suppression of their own people in the name of Islam. Giving them a systemic title as "Islamic World" would certainly justify this treatments of people who need to have their freedom to improve and their individual rights to act as a responsible and free human being. Still politics craves to regard them as Islamic people , meaning , whatever the regimes would do with their citizens does not count, ( take the example of the most of them ,,, Iran Saudi Arabia etc,, ) and it is not Western agenda either. The only major problem is when they according to the rules of the same religion would lie about their own atomic project instead of cooperating with the International Organs.
They have already given you enough reasons to lie,, they are "Islamic regimes" they are allowed to lie about international security fundamentals according to their own perception of their own religion which is incidentally recognized by President Obama as the negotiation partners about " International affairs"!!!Doesn't this have a paradox in it"" or I may be wrong??!! If it was a secular regime , it would be much more cooperative with the West on international issues.Those with secular regimes still having problems with the west are desperate to be recognized by the west, take Syria as an example. Mullahs in Iran are infiltrating each other to be the first one talking to the West. I am sure Talibans in Afghanistan and Pakistan are the same, only killing the rivals to become one and only negotiators withe West.
Weather we want it or not but Western perceptions cause enormous changes in the systemic approaches that Middle Easterns have about themselves. West is still and will be an unchallangable model for these countries because they need it.
Tuesday,Dec 2 2008, 09:55:05 AMFinance and Economy
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Friday trading was thin in global risk aversion
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News and Events:The Dollar rose versus the Euro in thin trade on Friday as volatile equity markets and fears of a deepening global recession led investors to seek the US currency as a haven. Extreme risk aversion and repatriation flows have been supporting the US currency recently.Looking ahead to this week, markets are bracing for interest-rate decisions by several central banks, including the Bank of England, the European Central Bank, the Reserve Bank of Australia and the Reserve Bank of New Zealand. US automakers are due to report on Tuesday their November US sales, which are expected to have dropped by some 30% from a year earlier. US law makers are soon reviewing restructuring plans submitted by the US automakers and consider their request for a $25 billion rescue plan.
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