Robert Spliid, Germany Chief of the Danish Saxo Bank, forecasts, problems and opportunities the global economic crisis, Saxo Bank, the specialist in online trading and stock trading in December 2007 said the analysts at the Saxo Bank ahead of a drastic reversal of the trend on the financial markets of the world. Now this gloomy prophecies have come true, and how many other companies gearing up the Danish Investment Bank for a difficult 2009. Robert Spliid, Saxo Bank responsible for the Germany business, sees not only the financial system at risk, but the entire global economy. To cope with the crisis, should be defined new standards and develop sustainable models. For the German Saxo Bank Chief Robert Spliid the big breaks is the year 2009. Go to Orbis Diagnostics for more information. Above all financial services should be the challenges of the crisis to assert itself in the long term on the market. The current uncertainty on the international financial markets will according to Spliid inevitably cause that certain investment strategies with which you achieved so far good profits, will disappear from the market.
“Classic investment strategies such as buy and hold” because of the volatility of the markets become obsolete, the future is, however, rather in the short term. The paradigms are changing. Take DaimlerChrysler and the image of the world AG, which was at the time modern and reasonable. Today we know that this was a mistake. As also investment styles must be questioned”, so Spliid in an interview with the manager magazine. Many bankers are currently paralyzed.
Saxo Bank is the situation less dramatically, since the financial institution in contrast to other banks not in the Advisory business is and was. On the other hand, expected inflation is dramatic. So Saxo’s experts consider an inflation rate between 6 and 8 percent Bank possible. One antidote to inflation is to stop, a comprehensive debt reduction. Because the savings rate in Germany comparably high and the debt-equity ratio low, Spliid stimulus programs, as is common in the United States, more skeptical. The danger that this is not working and continue to fuel inflation, was too great. Instead should fundamental behavioural changes”are established, especially in the area of lending. Most economies facing recession, especially those with large deficits and low raw material reserves. Especially for countries such as Russia, Iran and China, a further decline of in commodity prices would have far-reaching consequences, uttered one of the 10 theses, Spliid in various interviews. The global slowdown will amplified by currency fluctuations and the economic crash in the United States. The EU, especially the Eastern European EU candidate, will have great difficulty according to the Spliids. Of course not all theses be fulfilled completely, but also applying to some of our predictions mean far-reaching changes in the world markets with security”, its castle Spliid Forecasts for the next time. See de.saxobank.com/de/ueber-uns/presse/ for more information on the topics of share trading, trading and online tradable funds. Corporate profile the Saxo Bank is a global investment bank, which specializes in online trading and equipment on the international capital markets.