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Dr. David Costa of Robert Kennedy College on CNBC 23 June 2010 from Dr.David Costa on Vimeo.

- A recent study by Merrill Lynch confirms that the wealth of the millionaire investors rose 18.9% to 39 Trillions in 2009. Compared with the 32.8 Trillions of 2008 and 40.7 Trillions of the pre crisis level we can see that Millionaires returned to pre-crisis level.

- The faster growing regions are Asia Pacific (31%) but even North America rose a respectable 18%.;
Global wealth increased 11.5% last year to 111.5 Trillion (111.6 in 2007)

- Given the volatility it is good to invest in sectors where Europe is clearly a World leader and has a very important competitive position that cannot be easily compromised like Luxury. Barrier o...

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- Fear is now leaving the European markets and Europe is still a good buy.
Despite the investor caution and recent downgrade of Greece the emergency package should have a positive impact on the market. I maintain that both the Euro and most European markets have still attractive valuations.

- The acceptance of the 20 Billion BP Escrow Fund should fuel market optimism but by end of the year Oil should be at an higher level than now: supply and demand fundamentals are still in favor of higher prices and, despite the good intentions, alternative energy solutions will take time to implement.

- British Banks risk to lose part of their competitiveness in the market: British Chancellor Osborne is expected to
propose the introduction for a substantial bank levy. This is to be announced next Tuesday during the new budget.
While politi...

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- From the G20 Summit it is clear that U.S./European views diverge and deficit spending to boost internal demand in Europe isn't seen highly by countries like Germany where the budget shortfall is only 5%. This has been confirmed by German Chancellor Merkel.

- The Rate decision of Thursday (or better said the comments during press conference) is certainly going to be very important to determine if the sellout in Europe will reach a bottom or will continue throughout the summer. In terms of growth the euro countries 0.2% (from 0.1%) was mostly influenced by exports growth from 1.7% to 2.5%. A weaker Euro, welcome by France and other European countries, can further boost exports. The main issues affecting the European countries are unemployment at 10.1% (April)and debts. On a positive note inflation is around the target of 2% with no current pressure. This will allow the rates to remain low for quiet som...

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