http://witthusconsulting.com/de/consulting/blog.html Unternehmensberatung für Financial Services Consulting, BPM und IT Consulting http://witthusconsulting.com/de/consulting/blog/financial-markets/potential-bailout-impact-of-spain-s-economy.html Cost for protection of European bonds have risen dramatically this year. Sixfold for Portugal, fivefold for Greece, threefold for Spain and Ireland. FT calculated the chances of defaulting for these economies from the prices of the corresponding credit default swaps, the maturity and the estimated recovery rate. http://witthusconsulting.com/de/consulting/blog/financial-markets/potential-bailout-impact-of-spain-s-economy.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/switzerland-number-one-in-global-competitiveness-report.html Sweden is second, Singapore third, USA fourth and Germany fifth. http://witthusconsulting.com/de/consulting/blog/financial-markets/switzerland-number-one-in-global-competitiveness-report.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/james-bullard-us-economy-jobs-2011.html James Bullard on economic growth, jobs and FED measures. http://witthusconsulting.com/de/consulting/blog/financial-markets/james-bullard-us-economy-jobs-2011.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/erin-burnett-fed-decision-rates-unchanged.html Fed rates unchanged, no surprise at all. A must see with Ken Volpert, Bill Gross & Steve Liesman. What is the right strategy for growth and employment? http://witthusconsulting.com/de/consulting/blog/financial-markets/erin-burnett-fed-decision-rates-unchanged.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/meredith-whitney-on-funding-for-small-businesses.html Meredith Whitney critizises current funding situation of small businesses and shows impact on employment in the US. http://witthusconsulting.com/de/consulting/blog/financial-markets/meredith-whitney-on-funding-for-small-businesses.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/mohamed-el-erian-on-greece-and-the-impact-on-financial-markets.html Insight on financial markets from Pimco CEO Mohamed El-Erian. See also latest news from new Euro candidate country Estonia. http://witthusconsulting.com/de/consulting/blog/financial-markets/mohamed-el-erian-on-greece-and-the-impact-on-financial-markets.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/migration-von-kernbankensystemen-als-wettbewerbsvorteil.html Kernbankensysteme sind das Herz einer jeden Bank. Fast jeder Bankprozess greift auf die Stammdaten, Buchungssysteme und den Zahlungsverkehr zu. http://witthusconsulting.com/de/consulting/blog/financial-markets/migration-von-kernbankensystemen-als-wettbewerbsvorteil.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/transparency-for-otc-derivates.html CFTC chairman Gary Gensler on over-the-counter derivates reform. http://witthusconsulting.com/de/consulting/blog/financial-markets/transparency-for-otc-derivates.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/job-report-from-cnbc.html Positive outlook on jobs by CNBC guests. http://witthusconsulting.com/de/consulting/blog/financial-markets/job-report-from-cnbc.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/hilda-solis-on-job-growth-small-businesses-and-credit.html Hilda Solis, US Labor Secretary talks with Maria about the need to help small businesses. http://witthusconsulting.com/de/consulting/blog/financial-markets/hilda-solis-on-job-growth-small-businesses-and-credit.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/president-obama-helps-small-business.html Now is the best time to found a company. Not only in the US. http://witthusconsulting.com/de/consulting/blog/financial-markets/president-obama-helps-small-business.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/timothy-geithner-on-growth--budget-real-estate-and-jobs.html Lessons learned and US economic fundamentals for 2010 and 2011. http://witthusconsulting.com/de/consulting/blog/financial-markets/timothy-geithner-on-growth--budget-real-estate-and-jobs.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/nouriel-roubini-predicts-market-correction-in-second-half-of-2010.html See CNBC website below for more information. http://witthusconsulting.com/de/consulting/blog/financial-markets/nouriel-roubini-predicts-market-correction-in-second-half-of-2010.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/almost-no-job-creation-from-new-businesses-in-2010.html 600.000 new companies are firmed every year in the US, but entrepreneurs' outlook for 2010 is not very bright. http://witthusconsulting.com/de/consulting/blog/financial-markets/almost-no-job-creation-from-new-businesses-in-2010.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/investment-heroes-of-the-last-decade.html What´s your strategy for the next decade? http://witthusconsulting.com/de/consulting/blog/financial-markets/investment-heroes-of-the-last-decade.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/small-businesses-US-job-report.html 99.7% of US business are categorized as small businesses. They employ 50% of US employees. In Germany the small businesses (KMUs, kleine und mittlere Unternehmen) employ about 58%. http://witthusconsulting.com/de/consulting/blog/financial-markets/small-businesses-US-job-report.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/goolsbee-us-job-report.html When will we see a turnaround in the US labour market? What´s next for the German labour market? 170.000 short-time workers in Germany fighting for their jobs this year. http://witthusconsulting.com/de/consulting/blog/financial-markets/goolsbee-us-job-report.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/bill-gross-exit-strategy-fed-2010.html (Fast-foward to 06:55 min.) Bill Gross does not expect a rate hike in 2010. http://witthusconsulting.com/de/consulting/blog/financial-markets/bill-gross-exit-strategy-fed-2010.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/coffee-the-perfect-drink.html ...also next year: Happy New Year to all of you! http://witthusconsulting.com/de/consulting/blog/financial-markets/coffee-the-perfect-drink.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/charles-goyette-weak-us-dollar-outlook.html What is the medium term low of the US dollar (EURUSD) before we see a turnaround? http://witthusconsulting.com/de/consulting/blog/financial-markets/charles-goyette-weak-us-dollar-outlook.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/charles-evans-chicago-fed-exit-strategy-outlook.html Evans: "Extended period" means 3-4 FOMC meetings. So either end of April or end of June 2010. [April 27-28 (Tuesday-Wednesday), June 22-23 (Tuesday-Wednesday)] http://witthusconsulting.com/de/consulting/blog/financial-markets/charles-evans-chicago-fed-exit-strategy-outlook.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/bill-gross-ken-volpert-fed-decision-exit-strategy.html When will the Fed raise rates and what´s the impact on financial markets and the US economy? http://witthusconsulting.com/de/consulting/blog/financial-markets/bill-gross-ken-volpert-fed-decision-exit-strategy.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/meredith-whitney-on-financials-and-the-economy.html A must see, Meredith Whitney on CNBC´s Squawk Box. http://witthusconsulting.com/de/consulting/blog/financial-markets/meredith-whitney-on-financials-and-the-economy.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/timothy-geithner-on-derivates-market-reform.html Timothy Geithner testifies in front of the Senate Agriculture Committee. Three broad objectives of the reform: 1. Financial system stability 2. Transparency 3. Investor protection against manipulation and fraud. http://witthusconsulting.com/de/consulting/blog/financial-markets/timothy-geithner-on-derivates-market-reform.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/james-bullard-when-will-fed-raise-rates.html James Bullard on short-term lending, Fed´s balance sheet and asset purchase program. Interviewed by Maria Bartiromo. http://witthusconsulting.com/de/consulting/blog/financial-markets/james-bullard-when-will-fed-raise-rates.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/fed-exit-strategy-raise-rates-reverse-repo.html Within the next weeks the Fed will test to drain liquidity from the financial system by using reverse repurchase agreements (reverse repos). http://witthusconsulting.com/de/consulting/blog/financial-markets/fed-exit-strategy-raise-rates-reverse-repo.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/mohamed-el-erian-dubai-employment-growth-outlook.html (Fast-foward to 06:00 min.) Mohamed El-Erian: "Employment is not just a lagging indicator, is also a leading indicator." Over the next 12 months the global economy has to produce high growth and jobs. Otherwise we would see a multi-year adjustment. Stimulus is not enough, we need structural policies. http://witthusconsulting.com/de/consulting/blog/financial-markets/mohamed-el-erian-dubai-employment-growth-outlook.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/mohamed-el-erian-dubai-debt-crisis.html El-Erian "I think whenever you have a liquidity-induced reaction in market, it's dangerous (..)". Excessive risk-taking in financial markets will go on as long as the Fed will keep rates near zero. Regarding financial markets distortions the Fed is talking of "some negative side effects". (see also article below the video) http://witthusconsulting.com/de/consulting/blog/financial-markets/mohamed-el-erian-dubai-debt-crisis.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/meredith-whitney-mbs-purchase-program.html Meredith Whitney sees a major risk due to the end of the Fed´s MBS purchase program (planned for Q1 2010). She is missing fundamentals for the rise in asset markets and forecasts a double dip recession. http://witthusconsulting.com/de/consulting/blog/financial-markets/meredith-whitney-mbs-purchase-program.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/timothy-geithner-commitment-for-strong-dollar-3-percent-deficit-of-gdp.html Mr. Geithner emphasizes that a strong US dollar is part of the commitment to a global recovery. How can he achieve this goal? He cannot raise rates and the Fed is not willing to do so for an extended period of time. Regarding the US defict he states that the USA can achieve levels of 3% of GDP over medium term. 2009 deficit is 9.9% of GDP (see cbo.gov). http://witthusconsulting.com/de/consulting/blog/financial-markets/timothy-geithner-commitment-for-strong-dollar-3-percent-deficit-of-gdp.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/jason-trennert-scott-black-market-outlook.html Join the easy money party, but watch for the downturn. Jason Trennert´s leading indicators for the end of liquidity are the Chinese equity market and the 10 year US treasury note. Take also a look at the Brazilian equity market. The Bovespa doubled this year. http://witthusconsulting.com/de/consulting/blog/financial-markets/jason-trennert-scott-black-market-outlook.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/bill-gross-james-paulsen-long-term-outlook.html Erin Burnett talks with Bill Gross, PIMCO and James Paulsen, Wells Capital Management about long term investment opportunities. http://witthusconsulting.com/de/consulting/blog/financial-markets/bill-gross-james-paulsen-long-term-outlook.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/meredith-whitney-risiko-fuer-die-maerkte.html Meredith Whitney sieht ein großes Risiko durch das Ende des MBS Kaufprogramms der Fed zum Ende des Q1 2010. Wenn es keinen Käufer mehr für diese Papiere geben sollte, würden die Preise fallen und die Zinsen steigen. Die Folgen wären Abschreibungen auf diese Vermögenswerte, und es könnte zu Einbrüchen am Hypothekenmarkt kommen. Die Verzerrungen hätten sehr wahrscheinlich Auswirkungen auf den gesamten Finanzmarkt. http://witthusconsulting.com/de/consulting/blog/financial-markets/meredith-whitney-risiko-fuer-die-maerkte.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/roubini-mutter-aller-carry-trades.html Nouriel Roubini zurück in der Squawk Box http://witthusconsulting.com/de/consulting/blog/financial-markets/roubini-mutter-aller-carry-trades.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/dollar-carry-trade-asset-bubbles-weak-recovery.html Buttonwood zum US Dollar Carry Trade und den Risiken. http://witthusconsulting.com/de/consulting/blog/financial-markets/dollar-carry-trade-asset-bubbles-weak-recovery.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/nasdaq-omx-group-ceo-innovation-derivate-regulation.html Topics: - Regulierung im OTC Derivate Markt - Transparenz für Dark Pools - 27 Nasdaq IPOs in diesem Jahr - Wachstum im China http://witthusconsulting.com/de/consulting/blog/financial-markets/nasdaq-omx-group-ceo-innovation-derivate-regulation.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/financial-markets/roubini-wall-of-money-dollar-carry-trade-asset-bubble.html Nouriel Roubini warnt vor der nächsten Vermögenblase. Betroffen sind internationale Vermögenswerte: Aktien, Commodities und die Kreditmärkte. Die Fed erzeugt dieses Ungleichgewicht durch ihre Null-Zins Politik: die Weltwirtschaft im Trade-off zwischen Finanzstabilität und Wachstum. http://witthusconsulting.com/de/consulting/blog/financial-markets/roubini-wall-of-money-dollar-carry-trade-asset-bubble.html Pierre Witthus http://witthusconsulting.com/de/consulting/blog/bpm-it/droid-x-and-iphone-4-next-generation-mobile-business.html Marketing hype or not, next decades are mobile. http://witthusconsulting.com/de/consulting/blog/bpm-it/droid-x-and-iphone-4-next-generation-mobile-business.html http://witthusconsulting.com/de/consulting/blog/bpm-it/testvorgehen-bei-der-agilen-softwareentwicklung.html Bestehende Testvorgehen lassen sich nur begrenzt auf agile Softwareentwicklung und damit kürzere Entwicklungszyklen übertragen. Jeder Projektmanager muss sich fragen, mit welchen Methoden er die Projektziele erreichen kann. http://witthusconsulting.com/de/consulting/blog/bpm-it/testvorgehen-bei-der-agilen-softwareentwicklung.html Pierre Witthus