Saturday, April 23, 2011

The Amazon Cloud Has a Rainstorm, Germany Benefits from the Euro. and Obama Talks Deficits

Amazon's Cloud computing services went down for a few days, and already critics are taking shots about how the whole movement to cloud services needs to be rethought. I don't think so. I believe it will only accelerate even more as the cost factor is too great:

http://seattletimes.nwsource.com/html/businesstechnology/2014851693_amazoncloud23.html

Germany is the big beneficiary of the movement to the Euro, according to the NY Times. What needs to be thought about is if Germany says 'Bye Bye' to the Euro, which is not out of the realm of possibilities:

http://www.nytimes.com/2011/04/23/business/global/23charts.html?_r=1&ref=business

Obama says the country's finances are unsustainable. It is like the D student saying he should study for tests. Don't tell me, show me. Actions speak louder than words Mr. President:

http://www.bloomberg.com/news/2011-04-20/obama-tells-facebook-audience-that-nation-s-finances-are-unsustainable-.html

As always, on any company mentioned here, past performance is not a guarantee of future returns. One should research any investment and make sure it is suitable with your objectives, risk tolerance, risk profile liquidity considerations, tax situation, and anything else pertinent to your financial situation. Also, the CFA credential in no way implies investment returns will be superior for any charterholder.

Yale Bock, CFA
President, Y H & C Investments

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