econgineers

Global Stock Market – December 2008

Ref.: BBC News

-Russia’s Central Bank devalues Ruble for the third time in a week as oil drops.

-Philippine imports fall for first time in 17 months on electronics orders.

-U.S. housing prices fall near depression pace.

-Governments around the globe forced to bail out entire industries.

- Repossessions are at record levels in the UK.

-The number of people out of work in the UK rose by 137,000 to 1.86 million in the three months to October – the highest level since 1997. Economists say that 3 million might be unemployed by December 2009.

-U.S. and UK’s fiscal stimulus, a huge increase in sovereign debt, and deposit guarantees are insufficient in improving economy’s outlook, confidence, and trade.

So, is it a “Merry Christmas”?

Well, it might.
When you finish your drink what is the first thought that crosses your mind?
“I am feeling thristy and my glass is empty, f^%$ ohhh b@gger!”
Or the excitement and indecision of “what will I have next?”

Yes, things are different now. Yes, some opportunities have disappeared.
New situations will emerge from the crisis, solutions will be found eventually, there are many solutions to a problem, remember?

We can be part of the problem or alternatively part of the solution. The choice is yours.

Merry Christmas and a Happy New Year!

from econgineers

Abstract:

Many structural changes in the global economy are due to the rise of emerging markets.
In this study we will discuss and analyse structural changes in economies, debate and propose a quantitative approach to identify possible trading opportunities.

“Structural Changes – a quantitative approach”

by William Durham & Andrea Graves

Engineer: Andrea Graves, 32 years old, BSc Mechanical Engineering.
10 years of professional experience

Economist: William Durham, 31 years old, B.A. Economics, B.A. Russian.
8 years of professional experience

Both authors are studying MSc. Financial Engineering at Birkbeck College, University of London, and contribute actively to econgineers.com, being the main authors of this blog.

Welcome to econgineers.com

This space is for Economists, Financial Analysts and Engineers that appreciate public debate on macroeconomics, financial models and mathematical techniques.

We welcome curious minds that enjoy sharing their views and knowledge with peers. We encourage innovative and independent thinking, unbound by present ideological trends.

Our main focus is on confronting challenging problems, through ingenious and original frameworks to propose plausible solutions.