The ECB's race

After the favourite for the presidency of the ECB, Axel Weber, stepped down. There are names fighting into the ECB's race:

-Mario Draghi (presindent of the italian central bank)

-Yves Mersch (president of the Central Bank of Luxembourg)

-Jürgen Stark (chief economist of the ECB)

-Klaus Regling (boss of the european rescue fund)

-Neut Wellink (president of the ducth central bank)

-Erkki Liikanen (president of the finnish central bank)

-José Manuel Fernández Páramo (member of the executive committee of the ECB)

It is the turn of Germany to choose the next president, so it could be german, Stark or Regling. Or also, german speaking, Mersch. The favourite now is Draghi, but he has against of himself, his past in Goldman Sachs.

Changes in the ECB

Cooming soon: New president of the European Central Bank!

Duisemberg, Trichet...but who's next? If you want or not, it's done: Axel Weber, a hard man, a hawk who would put topsy-turvy the eurozone. Everyone knows that there are two classes of central bankers at the ECB, you can be a pigeon or a falcon. Weber represents the hard line in the ECB, so the countries known as PIGS (Portugal, Ireland, Greece and Spain) the weak countries are going to have big problems. Weber will not guarentee the bonds of the eurozone, so if you are an investor of sovereign debt you should know that nobody will guarantee your investments. After all, this life is full of risks, so accept the possible losses..........Goodbye Jean Claude Trichet pigeon and welcome Axel Weber falcon. Welcome to the hard line and to the reality.

PS: I support the hard line: not guarantee bonds and not save banks and savings-banks.

About my position in AMTC

Hello, impatient investors. I have good news about my position in Ameritrans Capital Corporation (AMTC), the news are that I am not inside and I have gained money. Frankly speaking, it has been a difficult operation for me, but on the other hand, I have obtained benefits, this is the happy side of the operation after the initial losses of 120$.

Opened position: 10th September 2009. Closed position: 24th November 2009. Status of the operation: closed. Result: benefits.

My recommendation about AMTC:

If you like the risk and suffer heart attacks, this is your stock. Interest: short period of time. Very volatile. Interesting for invest bit money (500$), never invest a lot of capital in very volatile stocks like this.

Invest in Ameritrans Capital Corporation

Hello impatient investors, I have discovered a new stock to invest, its name is Ameritrans Capital Corporation. And now the big question, why do you have to put money in its stocks? Oh! The answer to the question is very easy, I am losing some dollars, well, frankly speaking I do not know wether 120 US $ is lose money, but who knows. Where do you can find out it? At NASDAQ, and its symbol is AMTC.

Why that stock did me pay the attention? Who knows.

Go Ford

Who were going to tell me that "The Ford Motor Company" goes better than their rivals US automakers. I only want to say that it is fantanstic new that Ford only has lost 1400 million US dollar and, wich is the difference between their rivals US automakers?

The answer is very easy to reply, Ford makes the things with a good sense of responsabilitie, thing that don't happen in General Motors and Chrysler. Why? Because it has a good executives, if you don't believe that see what happened some years ago. A time ago Bill Ford was the chairman of the company, it seemed that Bill saw that things are going to get worse some years later, so he decided to leave the company's management and introduce new souls and faces in the company.

So today we can say that decision was right for the company till the point that Ford was not asking for money to the US government. Hope that Ford continue in our lifes for years and the dream of Henry Ford, the company's founder would not dissapear.

Goodbye Citigroup

Goodbye Citigroup is the title of this article, why? The answer is not other that, the end of universal banks have came. It is the death of universal banking groups but not the end of the global groups

Revolución en Carrefour

Corren tiempos de cambios en Carrefour, es noticia que hayan cesado al español José Luis Durán como CEO del grupo Carrefour, y han nombrado al sueco Lars Olofsson procedente de Nestlé como su sucesor.

Las razones este cese las podemos encontrar en las discrepancias de Durán con el primer accionista el fondo Blue Capital. Como todo fondo que se precie, lo que buscan es una alta rentabilidad, razón que actualmente no se cumple debido al ciclo económico en el que nos encontramos, además del desplome de la cotización de la compañía francesa en la Bolsa.

Durán ha estado en la compañía durante 18 años, tiempo en el que ha crecido desde abajo hasta llegar a convertirse en el máximo responsable del grupo de distribución de alimentación. Ha sido él quien realmente ha hecho rentable a la compañía, cometido que le confió la familia fundadora, los Halley. Hace aproximadamente un año que venció el acuerdo de todos los miembros en el que tenían una sola voz debido al acuerdo que propuso la 1ª generación de la familia, los años pasan y la familia crece por lo que ya es más difícil ponerse de acuerdo todos a la vez.

Dicho esto, los Halley han estado y están contentos con la gestión que ha hecho José Luis Durán. Realmente el cese viene de roces del CEO saliente con el fondo Blue Capital, que al parecer se entrometía en el trabajo diario de Durán, cosa que él no estaba dispuesto a aceptar. Logró aguantar en su puesto en la última junta de accionistas extraordinaria celebrada antes del verano, pero esta semana ha sido en la que Blue Capital ha hecho valer todo su poder.

Y hablando de fondos, esto demuestra Blue Capital pertenece al típico fondo buitre que no hace nada más exigir y exigir, como si todo fuera posible hacerse en realidad.

Volviendo a Durán, no se va con las manos vacias, sino con una jugosa indenización de 4 700 000 de €uros, es un directivo con talento tal y como lo ha demostrado. Blue Capital se ha equivocado, tarde o temprano se van a dar cuenta de lo que han perdido con José Luis Durán.

Hurra por Durán y desearle lo peor a los tipos que andan por detrás de Blue Capital.