Moody’s revê em baixa rating de Portugal
08:28 Ana Rita Faria
A agência de notação financeira Moody’s acaba de rever em baixa o rating português em dois níveis, de A1 para Aa2.
SENDO NITIDAMENTE O RUMO O DE ÁFRICA,ÁFRICA,ÁFRICA(CÁ DENTRO E LÁ FORA) SÓ MESMO O ISCTE PODERIA DAR-NOS ESTATÍSTICAS SEMPRE COM BOAS NOVAS.
AINDA CHEGAVAM Á CONCLUSÃO DE QUE O QUE É PRECISO É MAIS ESTADO.SIM COM TANTA MÃO DE OBRA ARMAZENADA EM BAIRRO SOCIAL POR NOSSA CONTA O QUE FALTA É CHEFIAS.NAS FREGUESIAS, NAS CÂMARAS,NAS ASSEMBLEIAS REGIONAIS E DA REPÚBLICA E ACIMA DE TUDO NO GOVERNO QUE DEVERIA NOMEAR UM GOVERNADOR CIVIL POR CADA CONCELHO PARA COORDENAR MELHOR ESSA BATALHA DA PRODUÇÃO.
E COMBATER A XENOFOBIA, O HOMOFOBISMO E OUTRAS COISAS QUE AFECTAM O DESENVOLVIMENTO DO HOMEM NOVO E MULATO...
PERTENCE CERTAMENTE AO submundo da blogosfera DE ACORDO COM CIENTÍFICAS CLASSIFICAÇÕES DUNS GAJOS QUE VIVEM DOS MEUS IMPOSTOS E ANDAM A AFUNDAR PORTUGAL
Tuesday, July 13, 2010
Monday, July 12, 2010
AS ÚLTIMAS 382 TONELADAS DA PESADA HERANÇA "FASSISTA" VÃO-SE DESTA VEZ?
Secret gold swap has spooked the market
It takes a lot to spook the solid old gold market. But when it emerged last week that one or more banks had lent 380 tonnes of gold to the Bank of International Settlements in return for foreign currencies, there was widespread surprise and confusion
By Garry White and Rowena Mason
Published: 6:10PM BST 11 Jul 2010
Secret gold swap has spooked the market Photo: EDDIE MULHOLLAND
The news that a mystery bank has just pawned the family jewels gave traders a jolt – nervous about the sudden transfer of almost 20pc of the world's annual gold production and the possibility of a sell-off.
In a tiny footnote in its annual report, the bank disclosed its unusually large holding of gold, compared with nothing the year before. The disclosure was a large factor in the correction of the gold price this week, which fell below $1,200 for the first time in more than a month.
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Copper miner Antofagasta plans to increase production despite profits taking a beatingConcerns hinged on whether the BIS could potentially sell on this vast cache of bullion in the event of a default, flooding the market with liquidity. It appears to have raised $14bn for whoever's been doing the swapping – small fry on the currency markets, but serious liquidity in the gold market.
Denominated in euros, gold has fallen 8pc since the beginning of the month and is now trading at a seven-week low of €937 per troy ounce.
The big gold exchange traded funds (ETFs) – having peaked at record inflows in May – have also been showing net outflows over the past few days.
Meanwhile, economists and gold market-watchers were determined to hunt down which bank is short of cash – curious about who is using their stash of precious metal for what looks suspiciously like a secret bailout.
At first it looked like the BIS was swapping gold with a troubled central bank. After all, the institution is the central bankers' bank and its purpose to conduct transactions with national monetary authorities.
Central banks in the troubled southern zone of Europe were considered the most likely perpetrators.
According to the World Gold Council, central banks in Greece, Spain and Portugal held 112.2, 281.6 and 382.5 tons of gold respectively in June – leading analysts to point fingers at Portugal, or a combination of the three.
But Edel Tully, an analyst from UBS, noted that eurozone central banks would be severely limited with what they could do with the influx of extra cash – unable to transfer it straight to governments or make use of the primary bond markets.
She then listed the only other potential monetary authorities with enough gold as the US, China, Switzerland, Japan, Russia, India and Taiwan – and the International Monetary Fund.
This led to musings that the counterparty was the IMF, making sense because the lender of last resort is historically prone to cash shortages and has been quietly selling off gold in the first half of the year.
Renowned gold expert Jim Sinclair adopted this explanation. The panic came when people mistook a lease for a swap, he argues. Far from being a big release of gold into the market, it is simply a commercial arrangement between the IMF and BIS with a favourable rate of interest paid for the foreign currency.
"Gold swaps are usually undertaken by monetary authorities," he writes on his industry blog, MineSet. "The gold is exchanged for foreign exchange deposits with an agreement that the transaction be unwound at a future time at an agreed price.
"The IMF will pay interest on the foreign exchange received. Historically swaps occur when entities like the IMF have a need for foreign exchange, but do not wish to sell the gold. In this case, gold is a leveraging device for needed currency to meet requirements.
"The many reports that characterise the large IMF gold swap as a sale of gold into the markets do not understand the difference between a swap and a lease."
However, the day after original reports about the swaps, BIS emailed a statement saying that the swaps had not been conducted with monetary authorities but purely with commercial banks.
This did nothing to quell the sense of mystery surrounding the deal or deals. It is almost inconceivable that a single commercial bank could have accumulated so much gold alone. And cynics have suggested that the whole affair still looks like a secretive European bailout that a single country wants to keep quiet.
In this case, one or more of the so-called bullion banks – which act as wholesale market-makers and include Goldman Sachs, Deutsche Bank, JP Morgan, HSBC, Barclays, UBS, Societe Generale, Mitsui and the Bank of Nova Scotia – would have agreed to act on behalf of a monetary authority.
This would add an extra layer of anonymity. "So the BIS swaps look like a tripartite transaction," writes Adrian Douglas of the Gold Anti-Trust Association. "The commercial bank or banks made a swap with a central bank or banks and then the commercial bank or banks made a swap with the BIS."
Analysts for Commerzbank note that in the meantime, "The price of gold is tending weaker at present."
It takes a lot to spook the solid old gold market. But when it emerged last week that one or more banks had lent 380 tonnes of gold to the Bank of International Settlements in return for foreign currencies, there was widespread surprise and confusion
By Garry White and Rowena Mason
Published: 6:10PM BST 11 Jul 2010
Secret gold swap has spooked the market Photo: EDDIE MULHOLLAND
The news that a mystery bank has just pawned the family jewels gave traders a jolt – nervous about the sudden transfer of almost 20pc of the world's annual gold production and the possibility of a sell-off.
In a tiny footnote in its annual report, the bank disclosed its unusually large holding of gold, compared with nothing the year before. The disclosure was a large factor in the correction of the gold price this week, which fell below $1,200 for the first time in more than a month.
Related Articles
A result! Mecom finally sets the date (we hope)
Yukon is pioneer country, with power showers
G20 summit: leaders on brink of $1 trillion rescue deal
The Act of Settlement: 300 years of discrimination against Roman Catholics
HMS Victory and cargo of gold found in English channel
Copper miner Antofagasta plans to increase production despite profits taking a beatingConcerns hinged on whether the BIS could potentially sell on this vast cache of bullion in the event of a default, flooding the market with liquidity. It appears to have raised $14bn for whoever's been doing the swapping – small fry on the currency markets, but serious liquidity in the gold market.
Denominated in euros, gold has fallen 8pc since the beginning of the month and is now trading at a seven-week low of €937 per troy ounce.
The big gold exchange traded funds (ETFs) – having peaked at record inflows in May – have also been showing net outflows over the past few days.
Meanwhile, economists and gold market-watchers were determined to hunt down which bank is short of cash – curious about who is using their stash of precious metal for what looks suspiciously like a secret bailout.
At first it looked like the BIS was swapping gold with a troubled central bank. After all, the institution is the central bankers' bank and its purpose to conduct transactions with national monetary authorities.
Central banks in the troubled southern zone of Europe were considered the most likely perpetrators.
According to the World Gold Council, central banks in Greece, Spain and Portugal held 112.2, 281.6 and 382.5 tons of gold respectively in June – leading analysts to point fingers at Portugal, or a combination of the three.
But Edel Tully, an analyst from UBS, noted that eurozone central banks would be severely limited with what they could do with the influx of extra cash – unable to transfer it straight to governments or make use of the primary bond markets.
She then listed the only other potential monetary authorities with enough gold as the US, China, Switzerland, Japan, Russia, India and Taiwan – and the International Monetary Fund.
This led to musings that the counterparty was the IMF, making sense because the lender of last resort is historically prone to cash shortages and has been quietly selling off gold in the first half of the year.
Renowned gold expert Jim Sinclair adopted this explanation. The panic came when people mistook a lease for a swap, he argues. Far from being a big release of gold into the market, it is simply a commercial arrangement between the IMF and BIS with a favourable rate of interest paid for the foreign currency.
"Gold swaps are usually undertaken by monetary authorities," he writes on his industry blog, MineSet. "The gold is exchanged for foreign exchange deposits with an agreement that the transaction be unwound at a future time at an agreed price.
"The IMF will pay interest on the foreign exchange received. Historically swaps occur when entities like the IMF have a need for foreign exchange, but do not wish to sell the gold. In this case, gold is a leveraging device for needed currency to meet requirements.
"The many reports that characterise the large IMF gold swap as a sale of gold into the markets do not understand the difference between a swap and a lease."
However, the day after original reports about the swaps, BIS emailed a statement saying that the swaps had not been conducted with monetary authorities but purely with commercial banks.
This did nothing to quell the sense of mystery surrounding the deal or deals. It is almost inconceivable that a single commercial bank could have accumulated so much gold alone. And cynics have suggested that the whole affair still looks like a secretive European bailout that a single country wants to keep quiet.
In this case, one or more of the so-called bullion banks – which act as wholesale market-makers and include Goldman Sachs, Deutsche Bank, JP Morgan, HSBC, Barclays, UBS, Societe Generale, Mitsui and the Bank of Nova Scotia – would have agreed to act on behalf of a monetary authority.
This would add an extra layer of anonymity. "So the BIS swaps look like a tripartite transaction," writes Adrian Douglas of the Gold Anti-Trust Association. "The commercial bank or banks made a swap with a central bank or banks and then the commercial bank or banks made a swap with the BIS."
Analysts for Commerzbank note that in the meantime, "The price of gold is tending weaker at present."
PÁ NÃO TINHA SIDO MELHOR DIZEREM QUANTOS É QUE FICAM(ESTUDAM) POR NOSSA CONTA?
Nove mil estrangeiros estão a tirar o curso em Portugal
Representam cinco por cento dos alunos do ensino superior português, num total de 8663 estudantes. No ano lectivo 2008-09 estavam matriculados 174 mil alunos no ensino superior, dos quais 165 337 de nacionalidade portuguesa.
De acordo com o documento ‘Inscritos no Ensino Superior: Informação Socioeconómica’, elaborado pelo Gabinete de Planeamento, Estratégia, Avaliação e Relações Internacionais do Ministério da Ciência, Tecnologia e Ensino Superior, a maioria dos alunos estrangeiros é de nacionalidade brasileira (3813), angolana (3587), cabo-verdiana (3544) e moçambicana (876). De países europeus, são os espanhóis os que mais optam pelas instituições portuguesas para iniciar, continuar ou concluir um curso superior: 679 estavam inscritos no ano lectivo 2008-09. Seguem-se os franceses (584) e os italianos (334). Mas também há alunos provenientes de países tão distantes como a Polinésia Francesa (2) ou Vanuatu (1), ambos da Oceânia.
E NÃO SE ESQUEÇAM DA FACTURA DA SIDA:2000 EUROZINHOS/MÊS POR CADA INFECTADO...
Representam cinco por cento dos alunos do ensino superior português, num total de 8663 estudantes. No ano lectivo 2008-09 estavam matriculados 174 mil alunos no ensino superior, dos quais 165 337 de nacionalidade portuguesa.
De acordo com o documento ‘Inscritos no Ensino Superior: Informação Socioeconómica’, elaborado pelo Gabinete de Planeamento, Estratégia, Avaliação e Relações Internacionais do Ministério da Ciência, Tecnologia e Ensino Superior, a maioria dos alunos estrangeiros é de nacionalidade brasileira (3813), angolana (3587), cabo-verdiana (3544) e moçambicana (876). De países europeus, são os espanhóis os que mais optam pelas instituições portuguesas para iniciar, continuar ou concluir um curso superior: 679 estavam inscritos no ano lectivo 2008-09. Seguem-se os franceses (584) e os italianos (334). Mas também há alunos provenientes de países tão distantes como a Polinésia Francesa (2) ou Vanuatu (1), ambos da Oceânia.
E NÃO SE ESQUEÇAM DA FACTURA DA SIDA:2000 EUROZINHOS/MÊS POR CADA INFECTADO...
A DÍVIDA ALIMENTA AFINAL A HUMANIDADE...
De África vieram 21 por cento do total de estrangeiros
Romenos foram os que mais imigraram para Portugal em 2008
12.07.2010 - 12:02 Por Lusa
O maior número de cidadãos estrangeiros que imigrou para Portugal em 2008 era originário da Roménia, ultrapassando os países de Língua Oficial Portuguesa (PALOP) e o Brasil
É POR ISSO QUE OS "INTERPRETADORES" ELEITOS VOTAM LEIS TÃO JEITOSASDE "FAZER O BEM" PARA CONTRABALAÇAR O "SAQUE" QUE VÃO FAZENDO.DAÍ A MÁXIMA:
CANOS SERRADOS E COLARINHOS BRANCOS UNIDOS VENCERÃO
A QUÊ? A AFUNDAR A NAÇÃO PORTUGUESA...
PS
É OU NÃO BESTIAL A "BUROCRACIA" TER ELIMINADO, POR "XENÓFOBA" A MENÇÃO DA ORIGEM, RAÇA, ETC?ASSIM É SÓ POBREZA E DIFERENÇA...
Romenos foram os que mais imigraram para Portugal em 2008
12.07.2010 - 12:02 Por Lusa
O maior número de cidadãos estrangeiros que imigrou para Portugal em 2008 era originário da Roménia, ultrapassando os países de Língua Oficial Portuguesa (PALOP) e o Brasil
É POR ISSO QUE OS "INTERPRETADORES" ELEITOS VOTAM LEIS TÃO JEITOSASDE "FAZER O BEM" PARA CONTRABALAÇAR O "SAQUE" QUE VÃO FAZENDO.DAÍ A MÁXIMA:
CANOS SERRADOS E COLARINHOS BRANCOS UNIDOS VENCERÃO
A QUÊ? A AFUNDAR A NAÇÃO PORTUGUESA...
PS
É OU NÃO BESTIAL A "BUROCRACIA" TER ELIMINADO, POR "XENÓFOBA" A MENÇÃO DA ORIGEM, RAÇA, ETC?ASSIM É SÓ POBREZA E DIFERENÇA...
A COSTELA NORTECOREANA DOS CASTROS
AMÉRICA Empiezan a viajar desde hoy
Cuba concentra a los presos políticos liberados antes de que viajen a España
Cerca de 10 presos políticos excarcelados han sido concentrados en la clínica de la prisión Combinado del Este para hacerse un chequeo.
A PARTIR DAQUI QUANDO PRECISAREM DE DINHEIRO PRENDEM E DEPOIS SOLTAM RECEBIDO O RESGATE...
Cuba concentra a los presos políticos liberados antes de que viajen a España
Cerca de 10 presos políticos excarcelados han sido concentrados en la clínica de la prisión Combinado del Este para hacerse un chequeo.
A PARTIR DAQUI QUANDO PRECISAREM DE DINHEIRO PRENDEM E DEPOIS SOLTAM RECEBIDO O RESGATE...
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