Apple shares plummet 50 percent from their 2011 high.

Saxo Bank has today released its annual Outrageous Predictions. Among the unlikely events predicted by the Bank are that Australia will go into recession, Basel III and regulation will force 50 bank nationalisations in Europe and Apple shares will plummet 50 percent from their 2011 high. In its Outrageous Predictions, Saxo Bank focuses on events that are unlikely to happen, but at the same time are far more likely than the market appreciates. The predictions are not meant as forecasts, but it is important for investors to consider events with under- recognised probabilities. Should any of them come to pass, they would have a significant impact on the markets.
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EU will soon tell you that Gmail isn’t cloud

Gmail is not a cloud
After reading an article regarding EU getting its hands on cloud computing, I thought damn! These greedy bureaucrats are laying their hands on the cloud! Now even in this article, you can see the difference between the US and EU ‘with its small businesses at the heart of the European economy’.  Continue reading

EU tests Chinese cars and wants to borrow money from China at the same time

Geely Emgrand EC7 crush-testSo what is the result of these two matters? Untill now, all chinese cars were failing the EuroNCAP tests. The smallest and lightest cars from Europe had better crush-test results, than the biggest and most massive limousines from China. I wonder… is this related to Europe’s affords for Chinese money in crisis? I am not saying that the crush-test itself was a clear fake, but there are dozens of variables in these tests, also sending a few engineers to China would be easier. Or maybe chinese engineers did it all by themselves… Continue reading