Wednesday, December 28, 2016

On today's financial news

* Toshiba's nuclear venture with Westinghouse and France failed to sell the reactors profitably to China. With 20-20 hindsight, all projects should be calculated with risk and profit potential (not profit). China was the major buyer many years ago. When the 20 or so new reactors are on-line, uranium price could skyrocket.

* Stay away from Chinese banks. I do not like the idea that the banks are forced to take equity of failing companies. A bailout by banks holding the short side of the stick.

* Brexit is not a certainty as it has to be approved by the Parliament. I hope it will not passed.

* Freedom of speech is again 'echoed'.

* EU tries to make another buck from the US corporations. It is easy money. They proclaim they're not our puppet any more. We can pay them but withdraw our troops.

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