Wealth
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The EU economy in 2023 is not optimistic
At the beginning of 2023, unpleasant news came. In its latest “Global Economic Prospects” report, the World Bank has significantly lowered its forecast for global economic growth in 2023, from 3% in June 2022 to the current 1.7%. Previously, the International Monetary Fund’s outlook was not optimistic: more than one-third of the world’s economies will experience negative growth in 2023, including the EU’s two largest economies: Germany (-0.3%) and Italy (-0.2%). %). The energy crisis is difficult to alleviate in the short term From the perspective of EU countries, the biggest impact on the economy in 2022 is the conflict between Russia and Ukraine and the energy crisis that has…
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Global financial markets remained turbulent in the first half of the year
The contraction of monetary policies in developed countries exacerbates the volatility of the global financial market. In 2022, affected by the rapid rise of domestic inflation, the central banks of the United States, the Eurozone, and the United Kingdom will be forced to rapidly raise interest rates and shrink their balance sheets. In 2022, the Federal Reserve will raise interest rates seven times in a row from March to December, with a cumulative increase of 425 basis points. Such a rapid rate hike and shrinking balance sheet is unique since the early 1980s. During the same period, the European Central Bank raised interest rates four times in a row from…
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Having 8 sons in a row and dominating the Sixth Palace, the counterattack life of “Zhen Huan in the Middle East”
With the opening of the 2022 World Cup, global attention is focused on Qatar. If you don’t look at it, you don’t know, but after looking at it, you will find that this country with an area of only 11,500 square kilometers has many bright spots. There is an astonishingly high GDP; there is an unforgettable museum; there is also a gorgeous and domineering queen mother. As soon as she appeared at the opening ceremony of the World Cup, Queen Mother Moza attracted people’s attention. Even the brooch on the shoulder has been carefully studied. But this kind of attention is probably already normal for her. As long…
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Industrial Policy and Economic Transformation and Upgrading: Lessons from Japan
The concept of industrial policy comes from Japan’s economic practice and is an important research field of development economics. “The Ministry of International Trade and Industry and the Japanese Miracle” and “The History of Japan’s Trade and Industry Policy” provide valuable information for research in this area. From the perspective of American scholars, the former book provides the organizational structure, personnel and operating mechanism of Japan’s economic decision-making institutions starting from the Ministry of Agriculture and Commerce (the predecessor of the Ministry of International Trade and Industry), as well as the historical background of the introduction of various important economic policies from before the war to 1975 , for the…
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Customer demand orientation or product profit orientation
On June 1, 2009, General Motors CEO Fritz Henderson appeared in the Southern District Court of New York and submitted an application for entering “bankruptcy reorganization protection”. After countless restructurings and government bailouts, GM is starting from scratch in its 101st year trying to be reborn. As we all know, the reason why General Motors (General Motors) is named “General” means to meet the needs of cars of all income groups. General Motors was originally established as a holding company to acquire other car manufacturers. In GM’s multi-brand joint strategy, Chevrolet is defined as a car that ordinary people can afford, Pontiac and Oldsmobile are mid-range, Buick is a premium…
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From marketing to strategic marketing
Generally speaking, what marketing dominates is the traditional enterprise’s three major operating resources, while strategic marketing dominates the enterprise’s five major operating resources. Human, financial and material are the three most important operating resources of an enterprise. Entering the era of knowledge economy, knowledge and culture have become the fourth and fifth largest business resources. From “three major management resources” to “five major management resources” is the inevitable result of the development of the times, and it is also the deepening of human understanding of the material world and the spiritual world. Today, this point of view has not only been generally recognized by the academic and business circles, but…
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Thinking about Russia-Uzbekistan Conflict from the Evolution of Global Crude Oil Pattern
In the future, North America’s production increase and other non-OPEC+ will meet the EU’s import demand, and Russia’s crude oil production and export volume will decline significantly. In 2023, oil prices will be more inclined to demand-side pricing logic. In the past 70 years, there have been five major changes in the global crude oil supply structure, the two with the greatest impact: one was from the 1950s to the mid-1970s, when the center of gravity of crude oil production moved eastward, and the Middle East replaced North America; the other was after the financial crisis. The US shale oil revolution. The general trend of the evolution of the global…
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The Law of Indexes: Investing in the Raw Diamonds
”The History of Venture Capital” is the new work of financial historian Sebastian Malaby, who was previously known for his “Rich and Enemy”. In “A History of Venture Capital,” Malaby takes us inside the venture capital industry, examines venture capital with the law of the index, explains why venture capitalists’ sole purpose is to win the jackpot, and is critical to the venture capital industry. The biggest strengths and most dangerous blind spots are candidly analyzed. The index rule is the most common rule of venture capital The law of exponents is also known as the “80/20 law”: 80% of the wealth is held by 20% of the people, 80%…
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Finding Davis Double-Click Industries From a Penetration Perspective
Penetration rate is an important indicator for observing the life cycle of an industry. In the process of industrial development, the penetration rate of 5%, 20% and 50% are three important demarcation points. Early stage of industry development (penetration rate below 5%): The industry is in its infancy, and the blue ocean market is rising. Representative industries: AIGC, autonomous vehicles, hydrogen energy vehicles, biological breeding, perovskite batteries, folding screen mobile phones, 3D printing. Penetration rate golden inflection point period (5%-20% penetration rate): catalyzed by policies or the launch of new products, the penetration rate will accelerate to an upward inflection point, and the stock price is expected to usher in…
