First thing today morning after reading this receiving yesterday, rare by the quality e-mail, was to send you all more fare away possible, for the reason that we mutually don’t like each other. It’s better say something like “go to speak with my agent”. (explicitly, the Mr. Trevor Edwards, Senior Consultant, PCS Personal Career Solution, Mutual House, 5th Floor, 70 Conduit Street, London, W1S 2GF, Tel.: 0207 837 5881, Mobil: 0778 031 934 trevor.edwards@pcsexecutive.com) or Prince Phillip, which is by all mean the same. More yet, is when at the beginning of my night sleep, appeared white teenage krautz showing me the NO”2” and next the Putin’s BP gas station after which immediately begin bleeding my nose. Those two yesterday pictures of “35 hours per week” Democracy at the hands of pirates with four years education. An awfully known faces which are ruling the Real Federacion Española de Fútbol with very knowing righteous results. Who is the goal, only because never remember what they should to me. In structure of “medvedev” or without. Every pantomime, like the G20 Forum must have a villain. Each nation must have an enemy. Like the every religion must have something to rail against. Of course, the G20 Forum designated to bring us (me) the peace and harmony. Bar not so. They’ll bickering, bemoaning, gossiping and groaning, picking fights and find the faults. Indeed, they don’t just like it; they love it. The World divides into those who are with us, (Governor og Central European Bank South Germany’s Mr. Trichet) and those, somehow who against us (see photo). Which is all and good till we find ourselves (like the oral sex of Salgado from Banco Espirito Santo) on the wrong side of some artificial dividing line. Writing this I’ll get the right and maybe heal an entirely unnecessary pirate’s wound. This won’t after allbe easy to pin these suckers down.
From: Hemscott (feedback@hemscottbusiness.co.uk)
Sent: 13 March 2009 20:55:57
To: Viktor Glugovsky (glugovskyviktor@hotmail.com)
A Morningstar company. With Rodney Hobson Author, Shares Made Simple and Small Companies, Big Profits
Pundit Pandit
Citigroup has suddenly gone from zero to hero. One of the architects of the credit crunch has been profitable for the past two months according to chief executive Vikram Pandit, who professes to be encouraged by the strength of the business. Now we have heard optimistic pronouncements by many banks over the past couple of years, only to be disappointed, but I doubt if Pandit would really be so stupid as to make such a positive statement if he was not satisfied that it was justified. After all, a fairly modest claim of improvement would have sounded quite heroic in the circumstances. Now, just as one swallow does not make a summer, one bank does not make a recovery. Even so, there has been so little to cheer about in the banking sector that we must be thankful for small mercies. We can start to believe that a floor has been put under the cause of the financial crisis, though not yet under the crisis itself. There is a much wider reason to hope that Pandit has signalled the bottom of the banking debacle. If banks are turning round then the British taxpayer will reap considerable benefits. Much has been made of the potential cost of bailing out UK banks but the worst may never happen. Avoiding pouring more billions into the black hole is a welcome thought. And the sooner banks get back to normal, the sooner the Government can start cashing in its chips. The profits from the bail-out could be considerable, which is only right and proper given the enormous risks that the Government has taken, and would help to fill the other black hole, the one in government finances. Citigroup’s timely words of encouragement helped to rescue global stock markets after a particularly bad week. I cannot feel equally hopeful of the other development, a rule to stop short selling in the US. Short sellers do not cause stock markets to fall, however much they are used as bogey men. They simply take advantage of weak markets. If investors are not confident of the performance of quoted companies then they will not buy shares. That is what causes market weakness. It is true that speculative selling drives down the market more heavily than it might otherwise have fallen but that simply leaves scope for bulls to step in and buy cheaply when the short sellers cash in to cover their positions. If you can borrow money to buy shares because you believe that the market will go up, I do not see why you cannot borrow shares to sell if you think the market will go down. All in all, we got off lightly this week. I feared that once we dropped below 3,750 points we would go all the way to 3,200, and that could still happen. Much will depend on how well the financial sector holds up next week. Quantitative explaining I have been asked by a reader for further clarification of quantitative easing. It is hard to spell, a devil to pronounce and almost impossible to comprehend. Although this has been referred to by myself among others as printing money it is more accurately a case of crediting bank accounts. Financial institutions and wealthy individuals will buy gilts and sell them to the Bank of England, with the proceeds credited to bank accounts. The hope is that this money will be lent or spent, thus getting the economy going. Unfortunately the impact on money supply depends on how quickly the money is moved on. Having twice as much money going round at half the speed simply takes you back to square one. However, I must say my faith in the financial systems has been partly restored by news that some funds are already busy buying gilts from the government and selling them on quickly to the Bank of England at a profit. Nice work if you can get it. Mad, mad, mad Lord Jacobs, the former Liberal Party chairman, complains that he has lost millions in the Bernard Madoff mad investors’ scheme. Rather than ask himself why he put so much money into one investment, he blames the regulators. Forgive me for being a little blasé, as I didn’t have any money with Madoff, but I hope he ran his party’s finances better than his own. We didn’t have anything like as much regulation when we had a Liberal Party but we have always had crooks willing to part the gullible from their money and always will have. The lesson is to spread your investments and to be suspicious of anything that looks too good to be true. You should be able to look after your own
financial affairs better than any regulator. 
Rodney Hobson
Russian tourist bus crash in Vietnam
Posted : Sat, 14 Mar 2009 07:11:57 GMT Hanoi - A bus bus carrying 24 Russian tourists plunged into a ravine in southern Vietnam, killing at least 12, local media reported Saturday. The accident occurred Friday evening as the bus with the Russians and three Vietnamese aboard was descending the Dai Ninh pass on its way from the hill resort of Dalat to the coastal town of Mui Ne, the news website Vietnamnet reported. Rescuers were still trying to free at least nine passengers from the bus Saturday morning. Eight of the casualties died at the scene 150 kilometres south of Dalat while another four died after being admitted to a nearby hospital. Nguyen Ba Hy, director of Lam Dong General Hospital, said the more serious cases were being transferred to the French-Vietnamese Hospital in Ho Chi Minh City for treatment. Workers from the Dai Ninh hydroelectric plant, 3 kilometres from the accident site, rushed to the scene, but rescue work was hampered by the depth of the ravine and the lack of light. Vietnam's beaches have become increasingly popular with Russian tourists in recent years. According to Vietnam's National Committee for Traffic Safety, traffic accidents kill 30 people and injure 60 others every day, and the rate of fatalities continues to rise.
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