Föhrenbergkreis Finanzwirtschaft

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Archive for 26. Februar 2012

All of the Euro Area Usual Competitive Suspects in One Chart…But with a Twist

Posted by hkarner - 26. Februar 2012

Author: Rebecca Wilder · February 24th, 2012 · RGE EconoMonitor

The European Commission’s Economic and Financial Affairs initiated the Macroeconomic Imbalance Procedure (MIP) Scoreboard. The MIP Scorecard will be used to identify emerging or persistent macroeconomic imbalances in a country. In their inaugural release, the EC listed 12 EU countries in need of further review for potential imbalances (program countries are exempt from this review process).

The accompanying database of the factors in the MIP score is made available at Eurostat. This database is particularly exciting for a data geek like me. Included in the MIP database is an indicator that I’ve wanted to construct for some time: country level exports as a share of world exports. World export share is a much broader measure of competitiveness than the commonly reported export share of country GDP. Den Rest des Beitrags lesen »


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Berkshire Hathaway: Dull thoughts from the oracle

Posted by hkarner - 26. Februar 2012

Date: 26-02-2012
Source: The Economist

ONE of the most-anticipated highlights of the year for capitalists is the usually insightful and witty letter to shareholders penned by Warren Buffett, the boss of Berkshire Hathaway. This year’s letter, released on February 25th, features the expected mixture of analysis and corny jokes, but is unlikely to be remembered as one of the Oracle of Omaha’s best. Frankly, by Mr Buffett’s standards, it is a tad dull.

Even the headline-grabbing announcement that Berkshire Hathaway’s board has selected a successor to Mr Buffett as chief executive turns out to be a tease: the new boss is not named (indeed, it is not clear he—it is almost certainly a he—has even been told he will inherit what might prove a poison chalice, given such a tough act to follow). Nor is there any reason to think that he will get the job anytime soon, given Mr Buffett’s emphatic statement that he and his fellow octogenarian business partner Charlie Munger remain in excellent health and “love what we do.” Den Rest des Beitrags lesen »

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