KeithTimimi

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Keith Timimi
About the author:

The free-spirited family-man internet entrepreneur who fell in love with the study of economics. And congas.

Japan’s GDP Shrinks 3.3 per cent, Finance Minister Drunk at G7 Meeting

Date: 18 February 2009

It’s one thing for a country’s GDP to drop – which is common enough these days – but to have the finance minister drunk at the same time, when the country needs him most, is another story. This is when the economy shrinks at 3.3%, the worst it has been in years, amid job cuts by Toyota, Toshiba, Sony, NEC and more.

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Canada Economy: Government sets up Economic Stimulus Package

Date: 18 March 2009

Canada is taking aggressive action to revive its troubled economy. The Minister of Finance, The Honourable Jim Flaherty, recently expressed his support for Bill C-10. This new piece of legislation will give the economy much-needed immediate economic stimulus.

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The Top 12 Sovereign Wealth Funds - And How They are Changing World Finance

Date: 19 October 2009
19 October 2009.Although Sovereign Wealth Funds, or SWFs,  still represent a small percentage of total world finance, with the Top 12 alone holding close to $3.2 trillion in assets they are big, and you can rest assured they plan on getting bigger. We analyze the top SWFs and what impact they are having on world finance.
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Africa Economy: Solid Growth, Investment, and Trade, but at a Cost

Date: 5 April 2009

Africa is quickly rising as an economic power of incredible potential. Private investment is skyrocketing. Interest rates and inflation are down. Trade is booming. The continent may see as impoverished and war-torn has benefited from its incredible commodity reserves and stable banking. But some say it’s all exploitation.

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The 12 Fastest Growing Economies in 2010

Date: 13 October 2009

13 October 2009. You probably know that growth in the West will be miniscule, and that China and India will lead in Asia - but did you know that global economic growth in 2010 will be led by Qatar, Botswana, Azerbaijan and Congo?

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India Union Budget Highlights 2010: Sensex Up, Experts Down

Date: 4 March 2010

4 March 2010. By Dwayne Ramakrishnan, EconomyWatch.com. Cheered by a new showing of fiscal discipline, the Sensex has reacted with delight to the 2010 Indian Union Budget, having its best two day run since 2004 and leaving some gratifying egg on the face of the Wall Street Journal. Some experts worry, however, that a major opportunity to introduce a unified Goods and Services Tax (GST), that could add as much as 1.7 per cent to GDP, has been missed. 

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Geopolitics: 10 Global Geopolitical Predictions

Date: 20 February 2010

25 February 2010. These 10 Global Geopolitical Predictions been provided by our partners over at OilPrice.com, publishers of the Market Intelligence Report. They cover everything from the growing disparity between public statements and the actions of politicians to the west ceding oil interests to China and India, and from Afghanistan, Iran and Israel to the possible opening up of Mynmar.

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What it Means for Iraq To Become The World's Largest Oil Producer

Date: 12 February 2010

12 February 2010. By Keith Timimi, EconomyWatch.com. Having been imprisoned and tortured as a young scientist in Saddam's Iraq, Dr Shahristani has overcome almost insurmountable odds first to become the Iraqi Oil Minister, and then to run an oil auction contract bidding process that has produced results experts predicted would have been impossible only a year ago. Next up: a plan to become the world's largest oil producer.

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Of Davos, Doodles and Double-Down Indians

Date: 2 February 2010

2 February 2009. By Keith Timimi, EconomyWatch.com. Key trends at Davos, indicative of some of the key themes of the year ahead, include the growing clout of the Indian delegation, rising tensions between the US and China, and the backfiring efforts of 'tone-deaf' bankers that seem to be helping the rest of the world to agree on the need to regulate them.

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2010 Crash: The March 2009 Lows Will Not Hold

Date: 28 January 2010

28 January 2010. Juan Abdel Nasser, EconomyWatch.com. The sucker's rally in equity markets has come to an end, as I predicted last year, and there will be a major crash in 2010. In fact, it looks like the March 2009 lows are in danger, and a 40% - 50% wipe out could be on the cards.

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India's Development: 10 Things for India to Do to Achieve Greatness

Date: 3 December 2009

4 December 2009. India's economy is primarily driven by consumption, and yet with most of the population earning less than $2.50 a day, there is clearly massive potential for real growth - i.e. not debt-based and driven by necessities and small luxuries. Yet massive challenges remain. We review an economic report,  things we agree with in part - boosting agricultural productivity, improving governance and infrastructure, more trade, less inflation and better education - but violently oppose in it's support of liberalizing the financial markets.

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Future Trends: Top 10 Consumer Trends for 2010

Date: 3 December 2009

3 December 2009. Take a look at the top consumer trends for 2009 from TrendWatching.com, from Business As Unusual, or the movement against greed and towards transparency (despite gun toting Goldman execs), to Eco-Easy (and its counter force, Eco-Uneasy) and Embedded Generousity, where anything you buy will cause a donation to someone less needy. We also highlight Urbany, the fact that more than half of the world's population lives in cities as of about now, and what changes that will herald.

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Gun Toting Goldman Execs Prepare for the Revolution

Date: 2 December 2009

2 December 2009. Goldman executives, frightened by the growing anger against their company, are taking up guns to protect themselves. Humility, an apology or two and less bonus payments would be a much better way of deflecting that anger, but of course Goldmanites want to take those bumper bonuses - half of their total profits, backstopped by the taxpayer - and are therefore preparing for the worst. Ironically, it is their bonuses that may finally alert the public to what former Treasury Paulson feared the most - the revelation that the system is not designed to protect the free market, but the lack of one.

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"The Panic Button's Been Hit Again" - Dubai World Defaults on Debt

Date: 27 November 2009

27 November 2009. State-owned Holding Company Dubai World has just stopped repayments on $59 billion of debt, including a $3.5 billion Nakheel bond due 14 Dec. The markets see this effectively as a default, and they have been shaken out of their complacency. European markets are down 3%, the most since the March rebound, with banking and construction stocks leading the bloodshed.Dubai's sovereign debt has been downgraded, its borrowing costs have risen 50%, as they have in Turkey, Russia and South Africa.
 

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Move Over America, China is the New Capital of Bling

Date: 25 November 2009

25 November 2009. The luxury goods market is in crisis. It is expected to plummet by 16% in the US alone, where de-blinging is the order of the day both financially and psychologically. And yet in China luxury is going to grow by 12%, and this sudden and unexpected change will put China at the top of the world luxury pecking order.

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The Boom and Bust Cycle: A Financier's Best Friend

Date: 23 November 2009

23 November 2009.  We generally assume that the boom and bust cycle is bad and to be avoided - but maybe there are financial interests that want the boom and bust cycle to continue and grow, as they amass vast wealth in the process?
 

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