Dr. Alexander Mirtchev analyzes the varied responses to the current financial crisis on Bloomberg Television. Mirtchev considers the crisis to be more of a solvency and asset quality crisis rather than a liquidity crisis, and that government intervention in the markets by several countries ignores this issue at the peril of a number of unanticipated …
Emerging market experts, tracking the fluctuating prices, were generally optimistic on the long-term stability of energy-heavy economies such as Russia, Bolivia, Mexico, Kazakhstan. The overall feeling is that the prospect of further massive debt by the U.S. government and the diminishing value of the dollar will further encourage investments in productive assets, including oil. “The …
Today’s market increases and the announcement by the U.S. government to undertake a major bailout plan to restore confidence in the world financial system, prompted a rare comment from Alexander Mirtchev, Chairman of the Board of Directors for the Kazakhstan Sustainable Development Fund, Kazyna. “There are dire predictions being made about the impending meltdown of …
Tomorrow’s Exit Strategy Should be in Place Today Read More »
Dr. Alexander Mirtchev, President of Krull Corp., believes that the U.S. bailout plan already represents the embodiment of an inevitable universal “cure of choice” across the globe. His perspective on the current economic situation, both in the U.S. and in both the developed and emerging markets, is that the reaction of the developed economies’ governments …
The Worldwide Bailout Plans – A “Universal Cure Of Choice”? Read More »