September – 2014 – Aruberusan

Open Letter to the Emperor of Japan

2014-09-22Albert Zenkoff

Dear Tenno Heika,

Japan is an amazing country. Having lived there for a few years I learned a little about people and their beliefs, the way they do things. Japanese are a smart and enterprising bunch of people. Japan has built a perfectly stable economy within an incredibly stable society that is healthy in all possible ways and could be used as a textbook example of how to do things right. It pains me to watch this great country being destroyed now. The last two years are playing out as a really bad disaster movie or a nightmare that is impossible to wake up from. I feel my heart tearing apart every time I read the news about more economic atrocities from Shinzo Abe and his minions.

Why do I say Japanese economy is perfect?

Japan has achieved through hard labor what many people in so many countries dream about: the economic stability coupled with development and progress. There are many ways to define the “good living” but we would be wise to look at how well people do that live in the country now. Let’s look at some figures and compare with the subjective perception of the situation in …
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The story of economic sanctions as told by PMI

2014-09-04Albert Zenkoff

While the world is watching the civil war in Ukraine the European economics is sliding into oblivion. The Manufacturing PMI tells a story that should scare the hell out of the politicians of EU – so bad the business dynamics in manufacturing looks.

In August, out of 26 countries, only 9 reported improvement in the index, 15 recorded a slowdown in the two countries has not changed. In fairness it should be noted that 21 countries report PMI is still above the level of 50 points, and below only 5. But it is not so important, because the dynamics is still downward. There are those who are moving in the right direction: in Greece and Turkey business activity index in August was able to finally overcome the mark of 50 points. The rest of Europe presents a serious reason for concern, whether peripheral or central: everywhere there are signs of a serious recession.

United States, on the other hand, sports the best activity indicator in the world. PMI index has reached its highest level since April 2010 and reached 57.9 points. In case of U.S., the export orders component grew at the fastest pace in three years, and the employment …
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