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Rescooped by Gan Winson from Gold and What Moves it.!

IMF Warns: World Financial System Not Safe

IMF Warns: World Financial System Not Safe | ganwinson |

The International Monetary Fund warned on Wednesday that the world’s financial system is still not as safe as it should be five years after the fall of investment bank Lehman Brothers.


One of the main reasons for the concerns is the winding down of the Fed’s $85 billion a month asset purchases program. The Fed has been buying government bonds and former toxic assets like mortgage backed securities for the past several years in an effort to keep consumer credit costs down. When the Fed tapers, it will have impacts on the global economy.


“The Fed controls the policy tools, but does not control market rates, especially long term interest rates. This may have some systemic  ...

Via Hal
Hal's curator insight, October 9, 2013 1:23 PM

LOL Do you suppose that's because the whole thing is built upon fake money?


APEC fashion hits and misses - CNN International

APEC fashion hits and misses
CNN International
(CNN) -- Being a world leader doesn't necessarily mean being a fashion leader.

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Rescooped by Gan Winson from Chinese Cyber Code Conflict!

Why nobody really wants to get to the bottom of China, ZTE and Huawei

Why nobody really wants to get to the bottom of China, ZTE and Huawei | ganwinson |
The U.S. Congress is set to release a report that tells U.S. firms not to buy gear from Chinese telecoms vendors Huawei and ZTE. But is the report a real assessment of a threat or just economic protectionism?

Via Red-DragonRising
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Rescooped by Gan Winson from Gold and What Moves it.!

APEC issues timely warning, says global economy will slow down

APEC issues timely warning, says global economy will slow down | ganwinson |

Most of the world economies are still suffering the worst recession since the Great Depression of the 1930s, and the Asia-Pacific leaders are warning against further economic slowdown.


"Global growth is too weak, risks remain tilted to the downside, global trade is weakening and the economic outlook suggests growth is likely to be slower and less balanced than desired," the 21 members of the Asia Pacific Economic Cooperation said in a joined statement.


On top of that, the group which includes Japan, China, Russia, the United States and Australia, said they need to be "prudent and responsible" to “ensure mutually reinforcing effect of growth and to maintain economic and financial stability in the region, and prevent negative spillover effect."


The joint statement comes just a day after the World Bank cut its economic forecast for China and most of developing East Asia. The latter is projected to expand 7.1 percent in 2013 and 7.2 percent in 2014, down from April predictions of 7.8 percent and 7.6 percent respectively. The forecast for China was lowered to 7.5 percent in 2013, below the April forecast of 8.3 percent. ...

Via Hal
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Rescooped by Gan Winson from Grain du Coteau : News ( corn maize ethanol DDG soybean soymeal wheat livestock beef pigs canadian dollar)!

Ag trade barriers hurting: think-tank

OTTAWA -- Canada is only hurting itself by maintaining high protectionist barriers on its agriculture sector, says a report that cites Canadian tariffs on agricultural imports as among the highest among food-exporting nations.

The paper, from the Conference Board, notes Canada has talked a good game about liberalized trade -- particularly on launching free-trade talks with major economies in Europe and Asia -- but has not acted when it comes to the highly protected agricultural sector.

The report argues there is a big potential payoff in freeing trade in food, particularly as Canada already exports significantly more food products than it imports, by a ratio of about 60 to 40 per cent.

"The Canadian food industry can become more prosperous by serving fast-growing markets... and consumers benefit from a greater variety of food products at lower costs," said Michael Burt, the director of industrial economic trends for the Ottawa-based think-tank.

"The only thing preventing Canada from gaining these benefits is ourselves."

The report makes clear, however, liberalizing trade would result in some losers as well as winners, with the highly protected dairy industry falling squarely in the former category.

"A (deal) between Canada and the European Union, with complete trade liberalization of the food sector, would lead to resources shifting from the production of milk and dairy to other segments such as grains, oilseeds and other processed food," it explains.

"(Overall) as a result of a more efficient use of our resources, the food sector would see a significant increase in both output and exports," the report concludes.

Agriculture is a key sticking point holding up a free-trade agreement with the European Union, although sources suggest the impediment involves European barriers to imports of beef and pork from Canada.

Canada is believed to have agreed to lower tariffs on European cheese exports if a deal is finalized, but the federal government has insisted it will not sacrifice the supply-management regime that protects Quebec and Ontario dairy farmers.

Agriculture also figures to be one of the more difficult issues to crack in the TransPacific Partnership talks and negotiations with Japan, two other free-trade fronts Canada has opened in an effort to diversify its exporting sector.

In an interview, Burt does not advocate unilaterally dropping tariffs, noting other nations also protect their food sector. But says Canada's walls are unusually high compared to other like nations that are significant net food exporters.

Through the controversial supply-management regime, Canada imposes 246.8 per cent tariffs on dairy imports. It also maintains high tariffs barriers on animal products (30.5 per cent); cereals and preparations (20.3 per cent) and even 10.4 per cent levies on coffee and tea.

Other net food-exporting nations like Australia, New Zealand and Chile have chopped its tariffs to single digits.

Canada fares better in a comparison that includes non-tariff barriers, although the report says that measure is more difficult to assess, since it is based on existing trade flows.

But overall, Burt says Canada's walls against food imports are too high, and in some cases -- such as with wheat, barley, beef and veal -- unnecessary.

Via Stéphane Bisaillon
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