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Economy: What Warren Buffett is most optimistic about

Buffett remains optimistic despite campaign rhetoric

In his much-anticipated annual letter to stockholders, Warren Buffett, CEO of Berkshire Hathaway, touched on the company’s performance, the election year, climate change and even used a clever quirk likening business moves to a Woody Allen one-liner. In 2015, Berkshire’s net worth grew $15.4 billion, or 6.4%, the “Oracle of Omaha” said. In the wide-ranging letter, Buffett, who preaches investment in a diversified collection of companies rather than securities, remains an optimist despite complaints about the 2% pace of economic growth.   Mon., 29  February 2016. 

Is a new crash possible for the world economy?

World economy stands on the cusp of another crash

Former Bank of England Governor Lord Mervyn King has warned that the world is on the cusp of another crash because regulators’ have failed in their attempts to reform the financial system in the wake of the last crisis. “Another crisis is certain, and the failure…to tackle the disequilibrium in the world economy makes it likely that it will come sooner rather than later,” Lord King says in his new book, the exclusive serialisation of which starts in The Telegraph this weekend.   Mon., 29  February 2016. 

Oil industry in US

Half of US shale drillers may go bankrupt

Half of U.S. shale oil producers could go bankrupt before the crude market reaches equilibrium, according to Fadel Gheit, . The senior oil and gas analyst at Oppenheimer & Co. said the “new normal oil price” could be 50 to 100 percent above current levels. He ultimately sees crude prices stabilizing near $60, but it could be more than two years before that happens.   Sun., 28  February 2016. 

2015, Blackstone rich year

The CEO of Blackstone took home $810.6 million in 2015

Blackstone Group LP Chief Executive Stephen Schwarzman took home $810.6 million in 2015, after the New York-based asset manager returned a record amount of cash to its shareholders following a wave of lucrative asset sales.   Sat., 27  February 2016. 

Negative interests may hurt global economy

The global economy risks becoming trapped in a low growth

Evidence that negative interest rates aren’t working to stimulate global growth is getting hard to ignore. Bank of England Governor Mark Carney is the most recent big-hitter to wade into the negative-interest-rate fray. Carney warned at a G20 meeting in Shanghai that, while negative rates might be an attractive way for an individual country to weaken their currency and boost exports, the world economy will suffer as a whole.   Sat., 27  February 2016. 

How to boost growth?

IMF calls on G20 to take ‘bold’ action

The International Monetary Fund has urged the world’s leading economies to join forces and take bold action in a bid to boost growth, highlighting concerns that global market turbulence is starting to hurt the real economy. The fund’s clarion call for action came ahead of Friday’s gathering of G20 finance ministers and central bank governors from the world’s leading advanced and emerging economies in Shanghai.   Fri., 26  February 2016. 

Towards a global recession?

One More Bank to Predict a Global Recession

The latest warning about the health of the global economy has been raised by Citigroup economists Ebrahim Rahbari, Willem Buiter, and Cesar Rojas who argue in a report issued Wednesday that a the chance of a global recession is a “high and rising risk for 2016 and perhaps 2017,” despite the fact that they don’t think that advanced economies like the United States will dip into negative growth territory.   Fri., 26  February 2016. 

The Billionaires List

China is now the billionaire capital of the world

The number of billionaires in the world grew by 99 to a record high of 2,188 last year, with the majority of new entries coming from Greater China, according to the new Hurun Global Rich List.   Thu., 25  February 2016. 

Paul Krugman gives his opinion on China economy, Brexit, US elections…

What’s going on in China right now scares me

The following interview with Paul Krugman, American economist and op-ed columnist for The New York Times, was conducted by Birgit Haas and Daniel Tost of Business Insider Deutschland.   Thu., 25  February 2016. 

Why launch a new car at a phone show?

Your car as an extension of your smartphone

Ford is launching a new ‘connected car’ at the Mobile World Congress in Barcelona. As Ivor Bennett reports, the auto maker’s choice of venue for the launch highlights the importance of sector.

http:/   Wed., 24  February 2016.