Jose Manuel Gonzalez is a businessman who has put a lot of time and effort into the Venezuelan agriculture. He was the president of FEDECAMARAS and is currently deputy to the National Assembly by Guárico State. Jose is known for fighting for agriculture rights in the Venezuelan areas. The world of agriculture has depleted and Jose Gonzalez has been trying to work with the government and politicians to help some of these matters.
Jose has stated before that he believes, 500,000 tons of rice has stopped producing, along with 300,000 of corn. Due to these numbers, the support of the foreign exchange to import has also diminished. However, the Venezuelan Assembly has always tried to understand the situations dealing with agriculture, but it has also been an unsuccessful process. With a government that has turned their heads with this matter, arguing that “things were not dependent on them.”
Jose believes that insecurity in the area affects the productive outcome and in highly agricultural states, it is most seen. Mr. Gonzalez has noticed that Guarico is truly an unsafe state.
He has been known to fight for these rights and for the particularly high crime area of Guarico. Unfortunately, hundreds of farmers are suffering by paying vaccines to gangs, kidnappings occur, and frequent carjacks are known to happen in this area. The problems will continue to progress, until the regional or national governments are able to solve the problems of Guarico, the agriculture-based area. According to Mr. Gonzalez, “The money, instead of going to production targets organized crime acting with impunity.”
Jose has wanted peace, stating that the only way to solve these matters are with a national agreement. According to Jose’s thoughts and actions, the national agreement would show the economy that the crisis would end as soon as possible and would help the country in many ways. Jose has tried to issue peace, economic growth, and agriculture rights through all of his research and debates with the Venezuelan government. According to him, growth would help social inclusion and get people out of poverty due to more agriculture work.
Economists can’t be blamed for feeling a bit beat up. The world is in so much flux, all the traditional rules of economy don’t seem to be following their own principles in practice. To make matters worse, brand new rules are being invented or rewritten every day with regards to the economy. Alan Greenspan probably stated it the best; he didn’t expect people to aggressively cheat the system.
So what’s a smart economist to do in a constantly-changing world? Some refuse to accept that the world has changed. They stay locked in their traditional economist rules of basic supply and demand, firmly asserting that the world has not changed at all, the current situations are just aberrations, and everything will return back to predictable patterns.
And then there are other economists like Christian Broda, for example, who are ready and willing to look outside the traditional perspectives of the economy and accept that new paradigms can be created over time. However, being the new thinker is not an easy path. The traditionalist view is not fond of independent thinkers. A classic example is seen in the recent reaction to Broda’s view about where the economy is going.
Broda believes that the U.S. dollar with come back with a vengeance and steady strength building as a world-dominating currency. Most economists would argue this position is error-prone from the start; one just has to look at the last ten years and see the Chinese machine and the Euro’s bank box has been outpacing and outflanking the US dollar to the point of structural weakness.
Broda’s view is optimistic in a time when pessimists reign as the masses. He believes that the dollar is set for a rise as soon as the Fed Reserve turns off the tap with low interest rates. That increase in strength will outpace a lagging Chinese economy that has over-inflated, and it will also outpace Europe which is lagging under the weight of failing EU members who can’t keep their own finances straight. So while many look outside for investment opportunities, Broda is firmly committed to US dollar-denoted assets which in his view only stand to rise under the current conditions.
Is Broda correct? The better question may actually be why aren’t others looking at the economy with a new set of eyes. Clearly, the principles of supply and demand taking care of everything hasn’t worked. Most commodity markets showed themselves extremely vulnerable to manipulation of demand and short-selling. However, old habits are hard to give up, even among educated economists.
The world always needs people like Broda, the 10th man in the meeting who disagrees. If everyone follows the line without seeing alternatives, then no one sees the problems that can manifest when the economy doesn’t want to follow nice and neat predictable rules.
Investment bankers would do well to know about the workings of the front office. Having better knowledge of everything that goes on in the front office will help bankers conduct better business at investment banking. The front office is the office that deals with everything to do with revenue generating. While the concept seems simple enough, there is a lot that goes into the front office activities which include the following departments, investment banking, sales and trading, and research. This is for people who get involved with the larger firms. The smaller firms are more narrow in their dealings with investment banking.
The corporate finance division is the aspect of investment banks that is traditional. This is where people provide assistance to customers in activities which involve utilizing the capital markets in order to raise funds. The division also handles the acquisition of companies and mergers. This could be done with the method of issuing securities. Another activity that is often done working out something with bidders and engaging in a negotiation with the target of a merger. What is needed for a successful merger is a good pitch. If the target buys the pitch, then this sets in motion the process of finalizing a deal.
The primary function of an a big investment banking firm is the buying and selling of products on behalf of the clients and the bank. The sales force of the bank is referred to as simply sales. The primary job of the sales force is to get in contact with the institutional investors as well as investors that have a high net worth to offer suggestions on trading. They also take orders. The clients’ orders are placed on the sales desks. From there, the orders are placed in the trading rooms that could handle the orders. There, the trades are priced and executed. Otherwise, new products are structured that could be a better fir for the need.
The research division deals with the research of securities. As part of the research, reports are written about the prospects. The prospects are often rated when it comes to buying and selling. Various industries are typically covered by investment banks with sell-side analysts. There is also a buy-side to their research. Whether or not the division generates income depends on the banks as each bank has its own policy on this issue.
This information can seem like overload to the newcomer. However, to people like James Dondero, this is very simple information. It is like basic math to him. He has extensive experience with investment banking which goes beyond 30 years. His experience gives him an edge among other investment bankers. He has worked with high profile companies such as American Express as a Corporate Bond Analyst and a Portfolio Manager. James Donero is someone worth learning from when it comes to investment banking. He has co-founded a firm that is known as Highland Capital, and is the President of this same company. He is also very active in philanthropist activities.
An economist is someone who tries studies the economy. He works out where the economy is expected to go in a professional manner. There is also the options of studying, developing, and using concepts an theories that come from economics and publish writings about economic policy. There are many sub-fields in the study of economics. Among the many fields are the philosophical theories, and the focused study of markets. There are also different analyses of the market that an economist could go into with the purpose of determining the potential direction of the economy. When it comes to academics, the proper definition of an economist is someone who has a Ph.D in the study of economics.
Even though economics has been around a long time, it took a while before economics became a profession. Also, major universities have a department, faculty or school for economics that award degrees. Many of the prominent economists have studied sociology, history, mathematics, business, political science and certain other classes. By 1968, Sveriges Riksbank has established a Nobel Memorial Prize in Economics which was given to economists every year for the contributions they made in the economics field.
Economics is actually a needed field. It is the economists that could tell where the economy is going to go. When there are economic problems around the horizon, it is up to the economists to figure out the impact that it is going to have on the economy. The economy often has plenty of shifts over the years. It is important for people to know when an economic crises is around the corner. However, the economy is unpredictable and even the most studied economist can be caught by surprised due to an unexpected downturn. Even still, it is important for an economist to be able to make some kind of prediction about the economy.
Christian Broda is one of the top stars in the economist field. He predicts many aspects of the economy which includes the value of the dollar. He can determine which way the dollar bill value is going to go. Christian Broda is among those who has passionately studied economics and have looked deeply into the different aspects that determine the economy. He is also taking other issues that the country faces into consideration such as debt and anything that could shape the world order. He has written books such as “The Death of Money”. He shows a lot of passion and skill when it comes to economical matters.