Comments on: Following the money

By: sandrar

sandrar — Thu, 10 Sep 2009 22:15:14 +0000

Hi! I was surfing and found your blog post... nice! I love your blog. :) Cheers! Sandra. R.

By: patricia J Dean

patricia J Dean — Wed, 17 Sep 2008 01:46:33 +0000

The market crisis is a result of too much too soon, the problem is really the adjustable interest rate the subprimer were involved , when your mortgage payment fluctuates every month , anyone is in for trouble, this people with low credibility were buying houses with this adjustable rate, what comes around goes around, and now we are seeing the results of such a bad program, one day the subprimers did not have any more money to pay the high interes to the point that they owned more for the house that the house was worth.
we need change, and this change needs to come to us in any color, at this point race is irrelevant, is the American people who are at stake here.CHANGE! new fresh start!.

By: Hans

Hans — Tue, 16 Sep 2008 09:12:10 +0000

If we in the West make use of renewable ennergy technology for more than 65% of our energy needs witin the next 15 years,the Sheiks and all other oilproducing countries will make a huge nose dive and in the long term won't stand a change, they are too dependent on the oil income. High Import Tariff Walls( down with the WTO) around the EU will hurt China and India badly and cut them down to size. China cannot live economically without it's exports to the West. The crash of the USDollar will also hurt the OPEC Countries who will scramble for the Euro instead.
The Financial Capital of the World for the next 20 years will be in Europe.

By: Jim

Jim — Mon, 15 Sep 2008 15:28:06 +0000

I know this is off subject, but i am doing a project for college and need 4 people to tell me what they think the "free market" is. Thanks for your help

By: AKHILESH KUMAR TIWARI

AKHILESH KUMAR TIWARI — Sat, 13 Sep 2008 12:13:31 +0000

Well Gentlemen and those who are not men,my opinion and experience about this prediction or any kind of future shock it might turn into is a little different and may be thoughtful.I think we cannot predict which city would be the next business capital and which country would be the financial superpower, it could be anyone having that kind of entirely business driven set of priciples allowing everyone to grow as per their wish, justified and bearable ambition which won't be hurting the very essence of life and allow those people with the right business accumen to grow up for self as well as for the betterrment of the entire world community transcending the boundaries of race and religion.And further when this whole world came into existence the BIG BANG OF TIME,right people were set for the right jobs and we must adhere to that and not fight for the unjust so called rights and look forward to the solution where we can grow together in rightful manner and bearable circumstances for everyone. Therefore i would opinionate,"let the King remain the King and theArcher the King of all Kings".And finally I'll take some time to decide as to who would be the king because i do not make a wish in a hurry because my wishes turn into reality sooner or later.First let's make this world safer and then have the slice of the pie without any kind of regret and learn how to respect each other without stabbing on their back.Because that's the time when world starts looking beautiful all over again that's what i learnt when i saw this movie "MEET JOE BLACK" years back and i thought of singing,'All come to look for America', but then time changes everything without giving any notice beforehand.I learnt from ELVIS that there is perhaps an old say in TENNESSE,"Only fools rush in".So first let's have smart KINGS.

By: Sumant

Sumant — Tue, 09 Sep 2008 18:16:00 +0000

I hope it Mumbai. India is growing and so would its financial capital. I think will have a tough fight from the gulf cities and china.

By: bimbo

bimbo — Sun, 07 Sep 2008 02:37:13 +0000

If ever the west were to loose the economic clout, i am sure they will provoke a war in middle east the most secure and probably having the highest per capita consumption in the word and take economic control of the energy pipeline and commodities in other parts of the world.
As asian countries have never learned from history i am sure once more we will be colonized by west economicaly either directly or indirectly by war or by sanctions after all self preservation is the most important criteria of survival!!!

By: Flyday

Flyday — Wed, 03 Sep 2008 19:46:15 +0000

I wish it could be Atlanta, GA but small minds in GA don't allow it. If Grace is still placed with the US after November 4, 2008 domestically, we could keep NY as the financial capital over Dubai or London. However, US has given away most its financial capital to Communists Countries. The Global community may see that as an unfriendly financial relationship over time. This could result in a wild card location such as Mumbai. Oh! what a web we weave when we first try to .... Not everyone is blind to amount of greed that runs through our democratic and financial process in the US. And Yes! pure greed is bad for our economic standing in a Global economy.

By: Mike Chase

Mike Chase — Wed, 03 Sep 2008 17:03:46 +0000

Dear Ms. Yoon,

As Toddy Bear is not long part of the CNN team I will write to you. I think you have raised an intereesting question in that the Middle East in General and Dubai in particular is doing all it can to become a major financial center. With a financial vacuum cleaner in the form of oil revenue that will be a powerful tool for some years to come there is a very good chance the Middle East will become very important.

I think however that in the early part of the 21st century the question is really moot. What will develop in the next decade or two is a new global financial structure based on two primary factors and a number of other less important ones/

The first is the relative position of the Dollar, the Euro, and Sterling as reserve currencies. Sterling has been under pressure and has not been the primary reserve currency in more than half a century. The Euro is a product of the European Union that is a political entity that is almost powerless and a European central bank that is even less effective. The value of the Euro, a fiat currency backed by a government without even a constitution is to say the least questionable. This indicates that the UK and Western Europe are unlikely to become major financial capital or even retain the current power of the City.

This brings us back to the United States whose currency is doing better than the total disaster of the past few years but this is saying little. The options of the government are limited in terms of debt service and the only viable solution seem to be to inflate their way out. The actions of both the Fed and the Treasury seem to indicate that someone actually has realized this but is trying to conceal the policy from the US voters and the world. So much for the long term future of New York.

At the same time the financial system is becoming a 24/7 operation using the Internet and the web as a replacement trading platform. The overwhelming strength of the Wester and particularly the US industrial and financial system is being eroded. What we will see develop is a global market place where everything is perpetually in play. There will be no more financial capitals. The sage of Omaha has demonstrated that it is not necessary to be headquartered in a financial capital. If Warren Buffet can do it, why not you and me?

Mike

By: IRON MIKE

IRON MIKE — Wed, 03 Sep 2008 15:04:27 +0000

I AM TRYING TO UNDERSTAND OIL IS DOWN BUT SO IS THE STOCK MARKET, YET 6MONTHS AGO OIL WENT UP AND THE MARKET WENT DOWN, WHY ISN'T THE MARKET GOING UP?