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  • admin 15:12 on 3. December 2008 Permalink | Reply
    Tags: , Fog, Humidity, , Recreation and Sports, Skyscraper, Travel and Tourism,   

    Dubai im Nebel – feels like in heaven 

    Ab und zu – vorallem am Morgen – kann es sein, dass Dubai komplett im Nebel versink. Komplett nicht, da die Spitzen der Skyscraper aus dem Nebel ragen. Was zu einem eindrücklichen Naturschauspiel wird.

    (Dieser Morgennebel entsteht oft wegen schnellen Temperaturwechseln 30-35 Grad; sieht kalt aus, ist es aber nicht.)

    Fog at sunrise in DubaiTravelling the airwavesFoggy DubaiFog at sunrise in Dubai


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  • caspar 13:33 on 8. October 2008 Permalink | Reply
    Tags: , , , , Tax Evasion,   

    Thoughtnugget: Bankenkrise / Bankcrisis 

    Swiss National Bank headquarters in Berne

    Image via Wikipedia

    I dont like news with such a negative cliffhanger..
    i think that’s todays mainproblem: negative press.
    you can’t compare iceland to switzerland:
    as everybody, we don’t know what’s going on and don’t know where that leads to…BUT:
    if there will be that worst case, the swiss government won’t let a swissbank die, they have enough ressources, also the swiss national bank (snb). instead of bank2bank lending, the swissbanks have a big pool of money supplied by the snb – so the liquidity is more or less warranted.
    every deal or credit a swiss bank makes is secured or there is a deposit.
    in iceland, lots of deals are based on credits with no security in mind.
    iceland’s economy had a much stronger growth and we still don’t know if there was also some russian mafia money involved (why did they pump now so much money into islands banks?) -> they always had extreme high rates for fixed deposites..

    i think the only problem in switzerland is the bad media coverage. we have lots of people taking their money from big swiss banks to local/smaller swiss banks. and that’s bad for the balance.

    swiss’ buy what they can afford, not more, not less ;-)
    just my 50 cents – as a non trader and not direct involved in that business…

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