Sunday, February 01, 2009
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Archive for the ‘MACROECONOMY’ Category
U.S. FEDERAL RESERVE STRUGGLES TO REVIVE ECON GROWTH
Posted by Gilmour Poincaree on January 28, 2009
Thursday, January 29, 2009
Agence France-Presse
PUBLISHED BY ‘THE MANILA TIMES’ (Philippines)
WASHINGTON, D.C.: The US Federal Reserve wraps up a two-day policy meeting Wednesday focused on new 
tools to revive a moribund economy that has so far failed to respond to its zero-interest rate policy.
The Federal Open Market Committee (FOMC) meeting was being held six weeks after the central bank slashed its base-lending rate to a range of zero to 0.25 percent and predicted “exceptionally low” rates to persist.
An announcement was due around 1915 GMT Wednesday.
Joseph Balestrino at Federated Investors said he expected some clues from the Fed on additional efforts to get credit flowing in the economy.
“There’s not much more the central bank can do on the monetary policy front after having lowered its target federal funds rate to a record low,” he said.
“What may be worth noting is the language the Fed uses to describe the state of an economy that, since the two-day meeting that ended December 16, appears to have worsened on most every front.”
Balestrino said Fed chairman Ben Bernanke and his colleagues “are likely to be more explicit about their plans for quantitative easing—that is, using measures such as direct injections into banks and purchases of debt securities to pump more capital into ailing institutions and the markets.”
Sacha Tihanyi, analyst at Scotia Capital, said the market expects the Fed to take further action to help fire up growth.
“With rates going nowhere for some time, the market’s focus will be on whether the Fed will be looking to buy government—or corporate—securities in the near future,” Tihanyi said.
“This is a highly controversial step and some see this as somewhat of a high-risk policy but on the other hand, it is one of the few avenues the Fed has left open to it with regard to further easing monetary conditions.”
Despite the zero-rate policy, Bernanke and others have repeatedly said the central bank is not out of ammunition to fight the crisis. But Bernanke avoided the use of the term “quantitative easing,” saying the Fed has engaged in what he called “credit easing” to spur more lending activity.
The Fed “has already done a lot and will continue to do a lot” in addition to moving on interest rates, said Nariman Behravesh, chief economist at IHS Global Insight.
The central bank has already offered exceptional aid to banks and other firms, and has been buying up mortgage-backed bonds and commercial paper to help unfreeze credit in those areas.
Analysts say this has helped somewhat but that credit markets remain under stress, with lenders and consumers skittish about taking on new risks.
Morgan Stanley economist Ted Wieseman said he expected nothing dramatic from the Fed meeting.
“Obviously rates have already been cut about as low as they can go,” he said.
“If long-end [Treasury bond] yields continue surging higher, the Fed will undoubtedly eventually step in and start buying, but such an announcement probably wouldn’t come in an FOMC statement.”
Economist Joseph LaVorgna at Deutsche Bank said the Fed might not yet be ready for direct purchases of US Treasuries.
“Even though we believe the Fed will eventually be forced to purchase Treasuries in an attempt to cap their yields we do not believe the Fed is going to announce those intentions today,” he said.
He said some members might be uncomfortable with what could be seen as a drastic step.
“Rather, we expect the Fed to repeat the ‘committee is evaluating the potential benefits of purchasing longer-term Treasury securities.’”
Scott Brown, chief economist at Raymond James & Associates, said each word of the Fed statement would be weighed and parsed carefully.
“The wording of the policy statement will signal future intentions,” he said.
“In each statement, the Fed describes its economic outlook. A darkening in that outlook would likely mean that further stimulus efforts are coming. A brighter outlook would suggest that policy will become less accommodative.”
Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, CENTRAL BANKS, COMMERCE, DOLLAR (USA), ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, NATIONAL DEBT - USA, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TARIFFS, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKING ENVIRONMENT, TRADE DEFICIT - USA, USA | Leave a Comment »
OBAMA COMMITTED TO ‘GREEN’ ECONOMY (USA)
Posted by Gilmour Poincaree on January 28, 2009
Tuesday, January 27, 2009
by Xinhua
PUBLISHED BY ‘THE MANILA TIMES’ (Philippines)
LOS ANGELES: The Obama administration is pushing forward with plans to aggressively limit greenhouse gas emissions 
and fight global warming, US media reported.
The plans would include a cap-and-trade initiative to limit greenhouse gases and raise the cost of pumping more carbon into the atmosphere, the Los Angeles Times said Sunday (Monday in Manila).
Under the initiative, the government would set limits on carbon emissions by power plants, factories and other installations, but allow those who emit more to buy or trade permits with companies and facilities that emitted less than the prescribed limit, according to the newspaper.
But the move would amount to a tax, raising energy costs. And several independent studies have suggested that emissions limits would only increase energy price and be a drag on economic growth, at least in the short term.
Despite such fears, the Obama government believed that a “clean energy economy” move would spur competition and promote investment in renewable alternatives to imported oil.
Two-pronged plan
The administration is expected to move forward with a two-pronged effort to stimulate renewable energy supplies and ensure demand for the megawatts they would produce, the newspaper reported.
The first part is to invest heavily in wind power, solar power and biofuels through the massive stimulus bill, while the second is to help those forms of energy compete with cheaper fossil fuels by pumping up fossil fuel costs to reflect the potential economic damage from global warming, according to the paper.
“If we don’t put a price on carbon,” said Democratic Senator Barbara Boxer, chairman of the Environment and Public Works Committee. “We’ll never get these clean energy sources on line.”
Instead of dragging the economy, the plan to limit greenhouse emissions would stimulate the economy and “allow polluters to transition from a high-polluting environment to a low-polluting environment,” said Andy Stevenson, a former hedge fund manager who is now a finance advisor for the Natural Resources Defense Council in New York City.
Posted in AEOLIC, AGRICULTURE, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), BIODIESEL, BIOFUELS, COMMERCE, COMMODITIES MARKET, ECOLOGICAL AGRICULTURE, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ENERGY, ENERGY INDUSTRIES, ENVIRONMENT, ETHANOL, FINANCIAL CRISIS - USA - 2008/2009, GLOBAL WARMING, HEALTH SAFETY, HYDROELECTRIC ENERGY, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, NATURAL GAS, POLLUTION, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TARIFFS, THE FLOW OF INVESTMENTS, THE PRESIDENCY - USA, USA | Leave a Comment »
RESERVE BANK FIXES ON RISK FACTORS IN NEW RULES FOR FINANCE COMPANIES (New Zealand)
Posted by Gilmour Poincaree on January 26, 2009
4:00AM Monday Jan 26, 2009
by Adam Bennett
PUBLISHED BY ‘THE NEW ZEALAND HERALD’
Posted in BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, MACROECONOMY, NEW ZEALAND, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES | Leave a Comment »
FREE TRADE BEST HOPE OF GETTING THROUGH (New Zealand)
Posted by Gilmour Poincaree on January 26, 2009
4:00AM Monday Jan 26, 2009
by Owen Hembry
PUBLISHED BY ‘THE NEW ZEALAND HERALD’
Posted in AGRICULTURE, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, NEW ZEALAND, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »
U.S. BUSINESS CLIMATE WORST IN 27 YRS
Posted by Gilmour Poincaree on January 26, 2009
13:17:00 01/26/2009
by Lucia Mutikani – Reuters
PUBLISHED BY ‘THE PHILIPPINE DAILY INQUIRER’
Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, CRIMINAL ACTIVITIES, CRIMINAL FOREIGN POLICIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FOREIGN POLICIES - USA, FRAUD, HEALTH CARE - USA, HOUSING CRISIS - USA, HUMAN RIGHTS, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNATIONAL RELATIONS, MACROECONOMY, NATIONAL DEBT - USA, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TERRORISM, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE ISRAELI-PALESTINIAN STRUGGLE, THE OCCUPATION WAR IN IRAQ, TRADE DEFICIT - USA, UNEMPLOYMENT, USA, WAR CRIMES, WAR IN AFGHANISTAN, WARS AND ARMED CONFLICTS | Leave a Comment »
ANALYSIS: HARD TIMES HELP GEITHNER’S TREASURY BID
Posted by Gilmour Poincaree on January 25, 2009
Sunday January 25, 2009
Associated Press
PUBLISHED BY ‘THE STAR’ (Malaysia)
Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES, FOREIGN POLICIES - USA, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNATIONAL RELATIONS, MACROECONOMY, NATIONAL DEBT - USA, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, THE ISRAELI-PALESTINIAN STRUGGLE, THE OCCUPATION WAR IN IRAQ, THE PRESIDENCY - USA, THE WORK MARKET, TRADE DEFICIT - USA, USA, WAR IN AFGHANISTAN, WARS AND ARMED CONFLICTS | Leave a Comment »
COLOMBIA, VENEZUELA FORM $200M FUND TO BOOST TRADE
Posted by Gilmour Poincaree on January 25, 2009
Sunday January 25, 2009
Associated Press
PUBLISHED BY ‘THE STAR’ (Malaysia)
Posted in BANKING SYSTEMS, CENTRAL BANKS, COLOMBIA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, MACROECONOMY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, VENEZUELA | Leave a Comment »
MOTOR CITY MALAISE (USA)
Posted by Gilmour Poincaree on January 25, 2009
Sun, Jan. 25, 2009
by Maria Panaritis – Inquirer Staff Writer
PUBLISHED BY ‘THE PHILADELPHIA INQUIRER’ (USA)
Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEM - USA, BANKRUPTCIES - USA, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FOREIGN WORK FORCE - LEGAL, HISTORY, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT, UNEMPLOYMENT, USA | Leave a Comment »
HOW ABOUT A BAD BANK FOR DAMAGED ASSETS ? (USA)
Posted by Gilmour Poincaree on January 25, 2009
Sun, Jan. 25, 2009
by Joseph N. DiStefano
PUBLISHED BY ‘THE PHILADELPHIA INQUIRER’ (USA)
Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, USA | Leave a Comment »
WILL GEOENGINEERING INNOVATIONS SOLVE GLOBAL WARMING?
Posted by Gilmour Poincaree on January 25, 2009
Saturday, January 24, 2009
by Mike Lyons – Special to the Daily News
PUBLISHED BY ‘THE PALM BEACH DAILY NEWS’ (USA)
Posted in AGRICULTURE, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ENVIRONMENT, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GLOBAL WARMING, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, INTERNATIONAL, MACROECONOMY, RECESSION, THE FLOW OF INVESTMENTS, USA, WATER | Leave a Comment »
BANK OF JAPAN SET TO BUY CORPORATE BONDS
Posted by Gilmour Poincaree on January 23, 2009
Friday, January 23, 2009
AGENCIES
PUBLISHED BY ‘THE STANDARD’ (China – Hong Kong)
Posted in BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JAPAN, MACROECONOMY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STOCK MARKETS, THE FLOW OF INVESTMENTS | Leave a Comment »
INDÚSTRIA DA CONSTRUÇÃO TERÁ MENOS PRESSÃO COM REDUÇÃO DOS JUROS (Brazil)
Posted by Gilmour Poincaree on January 22, 2009
Quinta-feira, 22/01/2009 – 10:10
Jornal da Mídia
PUBLISHED BY ‘JORNAL DA MÍDIA’ (Brazil)
Posted in BANCO CENTRAL - BRASIL, BRASIL, CEMENT, CENTRAL BANKS, CONSTRUCTION INDUSTRIES, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, EXPANSÃO ECONÔMICA, EXPANSÃO INDUSTRIAL, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FLUXO DE CAPITAIS, INDÚSTRIA DA CONSTRUÇÃO CIVIL, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, O MERCADO FINANCEIRO, O PODER EXECUTIVO FEDERAL, REAL ESTATE INDUSTRIES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, STATE TARIFFS, TAXA SELIC, THE FLOW OF INVESTMENTS | 1 Comment »
CITY WATCHDOG: BANKING SYSTEM NEEDS PROFOUND CHANGE (UK)
Posted by Gilmour Poincaree on January 22, 2009
Posted in BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, MACROECONOMY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, UNITED KINGDOM | Leave a Comment »
CHINA’S MILITARY AWAITS NEW SATELLITES
Posted by Gilmour Poincaree on January 21, 2009
Jan 22, 2009
Peter J Brown
PUBLISHED BY ‘THE ASIA TIMES’ (China – Hong Kong)
Posted in CHINA, COMMUNICATION INDUSTRIES, DIGITAL INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ELECTRIC / ELECTRONIC INDUSTRIES, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, MILITARY CONTRACTS, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »
RECORD REDUNDANCIES PUSH UNEMPLOYMENT TO 1.92 MILLION (UK)
Posted by Gilmour Poincaree on January 21, 2009
Posted in ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOREIGN WORK FORCE - LEGAL, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, NATIONAL WORK FORCES, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT, UNEMPLOYMENT, UNITED KINGDOM | 1 Comment »
FIAT WON’T BE CHRYSLER’S SAVIOR – CHRYSLER NEEDS CASH AND COMPETITIVE NEW MODELS NOW—NEITHER OF WHICH FIAT CAN BRING
Posted by Gilmour Poincaree on January 21, 2009
January 20, 2009, 2:46PM EST
by David Welch and Carol Matlack
PUBLISHED BY ‘BUSINESSWEEK’ (USA)
Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIAL PRODUCTION - USA, INDUSTRIES, INDUSTRIES - USA, INTERNATIONAL, ITALY, MACROECONOMY, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, USA | Leave a Comment »
U.S. HOUSE OF REPRESENTATIVES PASSES PRO-LABOR BILLS
Posted by Gilmour Poincaree on January 21, 2009
January 20, 7:03 AM
by Matthew Nelson – Business Law Examiner
PUBLISHED BY ‘THE EXAMINER’ (USA)
Posted in BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, STATE TARIFFS, THE FLOW OF INVESTMENTS, THE WORK MARKET, THE WORKERS, THE WORKING ENVIRONMENT, USA | Leave a Comment »
BEWARE THE PAIN-FOR-NO-GAIN SCENARIO (Canada)
Posted by Gilmour Poincaree on January 21, 2009
January 19, 2009
by Gwyn Morgan
PUBLISHED BY ‘THE GLOBE AND MAIL’ (Canada)
Posted in BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, MACROECONOMY, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »
GLOBAL MALAISE UNNERVES CANADA’S BANKS
Posted by Gilmour Poincaree on January 21, 2009
January 20, 2009 at 8:15 PM EST
by Tara Perkins
PUBLISHED BY ‘THE GLOBE AND MAIL’ (Canada)
Posted in BANKING SYSTEMS, CANADA, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INTERNATIONAL, MACROECONOMY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »
THE NUMBERS ARE HORRIFYING (USA)
Posted by Gilmour Poincaree on January 20, 2009
Jan. 26, 2009
Mohamed A. El-Erian
PUBLISHED BY ‘NEWSWEEK’ – print edition -(USA)
NEWSWEEK – Jan. 26, 2009
GLOBAL INVESTOR
By Mohamed A. El-Erian
THE NUMBERS ARE HORRIFYING
On Tuesday, President-elect Barack Obama inherits an economic calamity, and the situation will get worse in the first few months of his presidency regardless of what he does. How quickly it improves thereafter is not just a matter of which policies he decides to pursue; importantly, it is also a function of how he pursues them. Investors need to pay close attention lest they experience yet another challenging and, in some cases, devastating year.
No one should doubt that we are still in the midst of a historic economic crisis. Having incurred massive losses, individuals and companies around the world are, not surprisingly, saving more—some by choice as they attempt to restore balance to their finances and others by necessity as their credit lines are cut by beleaguered lenders. As detailed elsewhere in this edition of NEWSWEEK, the world has entered an Age of Thrift. Less spending by individuals will mean even lower demand, and the production of goods and services will be cut, again.
The latest economic data vividly illustrate the self-fulfilling nature of this global phenomenon. The numbers are horrifying, and increasingly so. There’s been a violent collapse in industrial production in Europe; the latest monthly data now show annual contractions of 17 percent in Spain, 13 percent in the U.K., 9 percent in France and Italy, and 6 percent in Germany. Emerging economies are now on the same course, with contractions of 9 percent in Russia and 4 percent in Brazil.
At the same time, the labor market is deteriorating dramatically in both Europe and America. The United States has now registered 12 consecutive months of job losses, including more than half a million in December, bringing the 2008 total to 2.6 million—a level not seen for more than 60 years. The crisis continues to catch people by surprise, suggesting that too few people sufficiently understand its dynamics. The U.S. Commerce Department reports that December retail sales declined at more than twice the rate expected by most forecasters, and further extended the record for consecutive monthly declines, now six .and counting. President elect Obama faces the prospect of more corporate defaults, pension losses and personal bankruptcies in the coming months. Fortunately, he has already shown that he has a good understanding of the need for an aggressive fiscal stimulus, and Congress seems to be onboard.
Without massive public stimulus, there is little chance of countering the highly disruptive consequences of a too sudden and too prolonged ascent of the Age of Thrift.
Yet there is a risk that this consensus could break down in quibbling over the details. Specifically, we should stop the bickering over whether to cut taxes or raise spending. Both are required. The tax cuts should work mainly through employment channels, including a cut in the payroll tax as this will directly help employment and limit the fall in consumption. Government spending should focus on sectors that will quickly raise resource productivity, like infrastructure, which helps lower production costs, and social services, which raise human productivity overtime.
Obama also needs to step up efforts to alleviate the credit crunch. This is not about an immediate recovery in the banking system. It won’t happen. The sector is too damaged to act as a conduit of funds to the general economy. Instead, the government must come up with more imaginative ways to provide direct financing, particularly for mortgages and some areas of consumer finance.
Obama’s economic appointments suggest that he understands how important it will be to get the design and implementation of these policies right. The highly capable Larry Summers and Tim Geithner should focus on coming up with a master plan to lead the country out of the crisis. This will ensure that the immediate measures implemented are consistent over time with a resumption of economic growth and rising productivity.
Managing expectations is also more important than ever. In his remarks on the financial crisis in November and December, Obama came across as informed, committed and careful not to over-promise. Yet his efforts have been largely negated by recent talk out of Washington of regulatory clampdowns, potential abrogation of property rights and other non-market solutions. The president-elect will have to step up quickly to the challenge of consistently better communication if he is to instill the confidence that is critical for a meaningful economic turn later this year.
Finally, Obama should signal clearly that he knows a global dislocation requires a global response. What was a U.S. financial crisis has morphed into a challenge to the international market system. An effective solution will not materialize unless the United States takes a policy leadership role on the global stage. It’s a role no other country can credibly play. With Obama as president, the world is exceptionally welcoming to U.S. leadership. He must seize this opportunity for the economic good of America, and the world.
ELERIAN is CEO and co-CIO of PIMCO and author of “When Markets Collide: Investment Strategies for the Age of Global Economic Change,” winner of the 2008 FT/Goldman Sachs business book of the year award.
Posted in AGRICULTURE, BANKING SYSTEM - USA, BANKRUPTCIES - USA, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FARMING SUBSIDIES, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES - USA, HEALTH CARE - USA, HOUSING CRISIS - USA, HUMAN RIGHTS, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNATIONAL RELATIONS, MACROECONOMY, NATIONAL DEBT - USA, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TARIFFS, THE FLOW OF INVESTMENTS, THE ISRAELI-PALESTINIAN STRUGGLE, THE OCCUPATION WAR IN IRAQ, THE PRESIDENCY - USA, TRADE DEFICIT - USA, UNEMPLOYMENT, USA, WAR IN AFGHANISTAN, WARS AND ARMED CONFLICTS | Leave a Comment »
SPECTRE OF DEFLATION COULD BRING 1960s INTEREST RATE
Posted by Gilmour Poincaree on January 20, 2009
4:00AM Tuesday Jan 20, 2009
by Stephen Johnson – AAP
PUBLISHED BY ‘THE NEW ZEALAND HERALD’
Posted in AUSTRALIA, BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, DEFLATION, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, NEW ZEALAND, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | Leave a Comment »
A FABLE IN THE FOLLY – AS A LEADER SEEKS TO BECOME A LEGEND – AS A CARD-CARRYING MEMBER OF THE VAST RIGHT-WING CONSPIRACY, I HAVE A SPECIAL INAUGURATION DAY MESSAGE FOR MY FELLOW CONSERVATIVES: SHUT UP
Posted by Gilmour Poincaree on January 20, 2009
Tuesday, January 20, 2009
by Michael Graham
PUBLISHED BY ‘THE BOSTON HERALD’ (USA)
Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES - USA, HEALTH CARE - USA, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, NATIONAL DEBT - USA, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TARIFFS, THE FLOW OF INVESTMENTS, THE PRESIDENCY - USA, THE WORK MARKET, TRADE DEFICIT - USA, UNEMPLOYMENT, USA, USA HUMOR | Leave a Comment »
FALSE ECONOMY (South Africa)
Posted by Gilmour Poincaree on January 19, 2009
19 January 2009
Business Day
PUBLISHED BY ‘BUSINESS DAY’ (South Africa)
Posted in AEOLIC, BANKING SYSTEMS, COAL, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENERGY INDUSTRIES, ENVIRONMENT, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GLOBAL WARMING, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, MINING INDUSTRIES, POLLUTION, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, SOUTH AFRICA, THE FLOW OF INVESTMENTS | Leave a Comment »
NEWCOMER TO KEYS IS UNWELCOME, UNCOUTH – THE NON-NATIVE LIONFISH HAS CAUSED ECOLOGICAL HAVOC EVERYWHERE IT HAS SPREAD – NOW IT HAS REACHED THE KEYS
Posted by Gilmour Poincaree on January 19, 2009
Saturday, 01.17.09
by Cammy Clark
PUBLISHED BY ‘THE MIAMI HERALD’ (USA)
Posted in COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ENVIRONMENT, FINANCIAL CRISIS 2008/2009, FISH AND SEA PRODUCTS, FISHERIES, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, TOURISM INDUSTRIES, USA | Leave a Comment »
5 QUESTIONS WITH JOHN H. GENOVESE – LAWYER: ENRON LESSONS WEREN’T LEARNED – ATTORNEY JOHN H. GENOVESE, WHO WON JUDGMENT FOR FRAUD IN THE LARGEST CLASS ACTION RECOVERY EVER, SAYS THAT THE PROBLEMS WITH DEREGULATION JUST MOVE FROM INDUSTRY TO INDUSTRY
Posted by Gilmour Poincaree on January 19, 2009
Monday, 01.19.09
by Lazaro Fraga
PUBLISHED BY ‘THE MIAMI HERALD’ (USA)
Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, USA | Leave a Comment »
THE NEW DEAL WASN’T BUILT IN A DAY (USA)
Posted by Gilmour Poincaree on January 19, 2009
January 19, 2009
by Philip Warburg
PUBLISHED BY ‘THE BOSTON GLOBE’
Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, COMMERCE, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, HISTORY, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, RECESSION, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, USA | Leave a Comment »
DEFLATION REARS ITS UGLY HEAD WORLDWIDE
Posted by Gilmour Poincaree on January 19, 2009
Posted in BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, DEFLATION, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, RECESSION | Leave a Comment »
TROUBLE AHEAD IF FOREIGN BANKS CALL IN DEBTS – NOW THAT THE SHARE MARKET’S TAKEN LAST WEEK’S MUCH EXPECTED BREATHER, IT’S WORTH TAKING A MEASURED LOOK AT SOME OF THE SURPRISES THAT MIGHT YET BE IN STORE FOR THE AUSTRALIAN ECONOMY IN 2009
Posted by Gilmour Poincaree on January 19, 2009
Posted in AUSTRALIA, BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, FOREIGN DEBTS, INTERNATIONAL, MACROECONOMY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | Leave a Comment »
CHINA ORDERS BANKS TO LIFT PROVISIONS
Posted by Gilmour Poincaree on January 19, 2009
Posted in BANKING SYSTEMS, CENTRAL BANKS, CHINA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | Leave a Comment »
A NEW MENACE TO THE ECONOMY: ‘ZOMBIE’ DEBTORS – CALL THEM “ZOMBIE” COMPANIES – MANY MORE HAS-BEEN COMPANIES WILL BE FEEDING OFF TAXPAYERS, INVESTORS, AND WORKERS—SAPPING THE LIFEBLOOD OF HEALTHIER RIVALS
Posted by Gilmour Poincaree on January 19, 2009
January 15, 2009, 5:00PM EST
by Peter Coy
PUBLISHED BY ‘BUSINESSWEEK’ (USA)
Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, THE FLOW OF INVESTMENTS, THE PRESIDENCY - USA, USA | Leave a Comment »
ISSUES CANNOT BE RESOLVED IMMEDIATELY: OBAMA (USA)
Posted by Gilmour Poincaree on January 19, 2009
0600 PST, Monday, January 19, 2009
The International News
PUBLISHED BY ‘THE INTERNATIONAL NEWS’ (Pakistan)
Posted in BANKING SYSTEM - USA, BANKRUPTCIES - USA, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, CRIMINAL FOREIGN POLICIES, DOLLAR (USA), ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ENVIRONMENT, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SCAMS, FOREIGN POLICIES - USA, FRAUD, HATE MONGERING AND BIGOTRY, HEALTH CARE - USA, HOUSING CRISIS - USA, HUMAN RIGHTS, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, INTERNATIONAL RELATIONS, MACROECONOMY, NATIONAL DEBT - USA, PENSION FUNDS, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TERRORISM, THE FLOW OF INVESTMENTS, THE ISRAELI-PALESTINIAN STRUGGLE, THE OCCUPATION WAR IN IRAQ, THE PRESIDENCY - USA, THE WORK MARKET, THE WORKERS, TRADE DEFICIT - USA, UNEMPLOYMENT, USA, WAR CRIMES, WAR IN AFGHANISTAN, WARS AND ARMED CONFLICTS | Leave a Comment »
SOUTH KOREA, E.U. LAUNCH HIGH-LEVEL TRADE TALKS
Posted by Gilmour Poincaree on January 19, 2009
1130 PST, Monday, January 19, 2009
The International News
PUBLISHED BY ‘THE INTERNATIONAL NEWS’ (Pakistan)
Posted in BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, MACROECONOMY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, SOUTH KOREA, THE EUROPEAN UNION, THE FLOW OF INVESTMENTS | Leave a Comment »
GERMANY
Posted by Gilmour Poincaree on January 19, 2009
Sunday, January 18, 2009
The International News
PUBLISHED BY ‘THE INTERNATIONAL NEWS’ (Pakistan)
Posted in BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, DEUTSCHMARK (Germany), ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GERMANY, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, STATE TARIFFS, THE FLOW OF INVESTMENTS, THE WORK MARKET | Leave a Comment »
RETAILER EYES 15pc GROWTH IN CHINA
Posted by Gilmour Poincaree on January 18, 2009
Vol XXXI – N°303 – Saturday – 17th January 2009
Gulf Daily News
PUBLISHED BY ‘GULF DAILY NEWS’ (Bahrain)
RETAILER EYES 15pc GROWTH IN CHINA
Posted in CHINA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »
ALTERNATIVE-ENERGY COMPANIES GROW EVEN AS OTHERS FALTER INQUIRIES – SALES AND FUNDING RISE IN ANTICIPATION OF NEW REGULATIONS AND SPENDING FROM OBAMA ADMINISTRATION
Posted by Gilmour Poincaree on January 17, 2009
January 13, 2009
by Simona Covel
PUBLISHED BY ‘THE WALL STREET JOURNAL’
Posted in AEOLIC, BANKING SYSTEM - USA, BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), BIOFUELS, BIOMASS, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, ENERGY, ENERGY INDUSTRIES, ENVIRONMENT, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, HYDROELECTRIC ENERGY, HYDROGEN - FUEL CELLS, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, NATURAL GAS, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, SOLAR, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, USA | Leave a Comment »
A CONVERSATION ABOUT ECONOMICS WITH NASSIM TALEB
Posted by Gilmour Poincaree on January 16, 2009
Wednesday, December 3, 2008
Charlie Rose with Nassim Nicholas Taleb in Business
PUBLISHED BY ‘CHARLIE ROSE’ (USA)
Posted in BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, CENTRAL BANKS, COMMERCE, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INTERNATIONAL, MACROECONOMY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, USA | Leave a Comment »
CHINATRUST BREAKS GROUND ON NT$15BN CONSTRUCTION PROJECT
Posted by Gilmour Poincaree on January 16, 2009
Friday, Jan 16, 2009
by Joyce Huang – STAFF REPORTER
PUBLISHED BY ‘THE TAIPEI TIMES’ (Formosa – Taiwan)
Posted in BANKING SYSTEMS, CEMENT, CHINA, COMMERCE, COMMODITIES MARKET, CONSTRUCTION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENERGY INDUSTRIES, ENVIRONMENT, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, GLOBAL WARMING, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, POLLUTION, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, SOLAR, SOLAR CELLS INDUSTRIES, THE FLOW OF INVESTMENTS | Leave a Comment »
TURKISH GOVT PROPOSES FRESH STIMULUS FOR ECONOMY
Posted by Gilmour Poincaree on January 16, 2009
Thursday January 15 2009
Reuters
PUBLISHED BY ‘THE GUARDIAN’ (UK)
Posted in BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, CURRENCIES, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, MACROECONOMY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TARIFFS, THE FLOW OF INVESTMENTS, TURKEY | Leave a Comment »
ASIAN MARKETS RISE ON BARGAIN HUNTING
Posted by Gilmour Poincaree on January 16, 2009
January 15, 2009 Thursday – Muharram 17, 1430
by Anne Seith and Jörn Sucher
PUBLISHED BY ‘DAWN’ (Pakistan)
Posted in ASIA, BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, RECESSION, THE FLOW OF INVESTMENTS | Leave a Comment »
VIETNAM EARMARKS $115M FOR GLOBAL WARMING
Posted by Gilmour Poincaree on January 15, 2009
13 Jan 2009, 1255 hrs IST
Associated Press
PUBLISHED BY ‘THE ECONOMIC TIMES’ (India)
Posted in AGRICULTURE, BANKING SYSTEMS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENVIRONMENT, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GLOBAL WARMING, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, THE FLOW OF INVESTMENTS, VIETNAM | Leave a Comment »
CHINA: WORLD’S THIRD-LARGEST ECONOMY – BEIJING CLAIMS N°. 3 SPOT FROM GERMANY AFTER REVISING 2007 GROSS DOMESTIC PRODUCT GROWTH TO 13%
Posted by Gilmour Poincaree on January 15, 2009
Posted in CHINA, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FOREIGN POLICIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, MACROECONOMY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF THE PUBLIC SECTOR, STOCK MARKETS, THE FLOW OF INVESTMENTS, YUAM RENMIMBI (China) | 1 Comment »
OUR COLLAPSING ECONOMY – ACCORDING TO THE BUREAU OF LABOR STATISTICS, NONFARM PAYROLL EMPLOYMENT DECLINED BY 3,445,000 FROM DECEMBER 2007 THROUGH DECEMBER 2008 – THE COLLAPSE IN EMPLOYMENT IS ACROSS THE BOARD (USA)
Posted by Gilmour Poincaree on January 15, 2009
Tuesday, Jan 13, 2008
Paul Craig Roberts – Counterpunch
PUBLISHED BY ‘INFOWARS.NET’ (USA)
Posted in AUTOMOTIVE INDUSTRY, BANKING SYSTEM - USA, BANKING SYSTEMS, BANKRUPTCIES - USA, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, CONSTRUCTION INDUSTRIES, ECONOMIC CONJUNCTURE, ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, HOUSING CRISIS - USA, INDUSTRIAL PRODUCTION - USA, INDUSTRIES - USA, MACROECONOMY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, TRANSPORT INDUSTRIES, UNEMPLOYMENT, USA | Leave a Comment »
GERMANY PUSHES BOLDER RESCUE PLAN
Posted by Gilmour Poincaree on January 15, 2009
13:33 GMT, Wednesday, 14 January 2009
by Yvonne Murray – BBC News, Berlin
Posted in BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GERMANY, INDUSTRIAL PRODUCTION, INDUSTRIES, MACROECONOMY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STATE TARIFFS, THE FLOW OF INVESTMENTS | Leave a Comment »
ENTREVISTA EXCLUSIVA DEL PRESIDENTE DE ECUADOR, RAFAEL CORREA, A GRANMA – “NO ES CON MÁS CAPITALISMO, CON MÁS NEOLIBERALISMO, CON MÁS MERCADOS QUE SE VAN A SOLUCIONAR LOS PROBLEMAS DE AMÉRICA LATINA”
Posted by Gilmour Poincaree on January 14, 2009
[13.01.2009]
por Oscar Sánchez Serra
PUBLISHED BY ‘EL ECONOMISTA’ (Cuba)
Posted in BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ECUADOR, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS | Leave a Comment »
FOCO DE MEDIDAS DO GOVERNO SERÁ A BAIXA RENDA, INFORMA CAIXA (Brazil)
Posted by Gilmour Poincaree on January 14, 2009
Terça, 13 de Janeiro de 2009 – 19h53
Último Segundo
PUBLISHED BY ‘PORTAL CORREIO DA PARAÍBA’ (Brazil)
Posted in BANKING SYSTEMS, BRASIL, CIDADES, CONSTRUCTION INDUSTRIES, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, EXPANSÃO ECONÔMICA, EXPANSÃO INDUSTRIAL, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAMENTO IMOBILIÁRIO, FLUXO DE CAPITAIS, INDÚSTRIA DA CONSTRUÇÃO CIVIL, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, JUROS BANCÁRIOS, MACROECONOMY, O MERCADO FINANCEIRO, O PODER EXECUTIVO FEDERAL, O SISTEMA BANCÁRIO - BRASIL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, THE FLOW OF INVESTMENTS | Leave a Comment »
INFLAÇÃO ARGENTINA FICA EM 7,2% EM 2008; PARA ANALISTAS, FICOU EM 20%
Posted by Gilmour Poincaree on January 14, 2009
Posted in ARGENTINA, BANKING SYSTEMS, CENTRAL BANKS, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, INFLATION, INTERNATIONAL, MACROECONOMY, RECESSION, THE FLOW OF INVESTMENTS, THE WORK MARKET | Leave a Comment »
ECONOMISTA PREGA PROTECIONISMO PARA DESENVOLVIMENTO DE PAÍSES POBRES
Posted by Gilmour Poincaree on January 14, 2009
12 de Janeiro de 2009 – 23h53
Vinicius Konchinski – Repórter da Agência Brasil
Posted in AFRICA, ASIA, BALANÇA COMERCIAL, BRASIL, CENTRAL AMERICA, COMÉRCIO - BRASIL, COMMERCE, COMMERCIAL PROTECTIONISM, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, EXPANSÃO ECONÔMICA, FINANCIAL CRISIS 2008/2009, FLUXO DE CAPITAIS, FOREIGN POLICIES, INDÚSTRIAS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, LATIN AMERICA, MACROECONOMY, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, SOUTH AMERICA, STATE TARIFFS, THE FLOW OF INVESTMENTS | Leave a Comment »
OBAMA MONTA UM GOVERNO CENTRALIZADO NA CASA BRANCA – GOVERNO DE OBAMA SERÁ CENTRALIZADOR – O PODER NO GOVERNO DE BARACK OBAMA VAI SE INCLINAR PARA A CASA BRANCA E NÃO PARA OS DIVERSOS SECRETÁRIOS (USA)
Posted by Gilmour Poincaree on January 13, 2009
13/01/2009
por Gerald F. Seib – The Wall Street Journal
PUBLISHED BY ‘VALOR ECONÔMICO’ (Brazil)
Posted in BARACK HUSSEIN OBAMA -(DEC. 2008/JAN. 2009), ECONOMY, ECONOMY - USA, FINANCIAL CRISIS - USA - 2008/2009, MACROECONOMY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF THE PUBLIC SECTOR, THE FLOW OF INVESTMENTS, THE LAST DAYS OF GEORGE WALKER BUSH - 2008/Jan. 2009, USA | Leave a Comment »
APREENSÃO DE PRODUTOS ILEGAIS VINDOS DO PARAGUAI BATE RECORDE EM 2008 (Brazil)
Posted by Gilmour Poincaree on January 13, 2009
12/01/2009 – 17:32
Agência Brasil
PUBLISHED BY ‘VALOR ECONÔMICO’ (Brazil)
Posted in A CORRUPÇÃO NO APARELHO DO ESTADO, AS FORÇAS ARMADAS, ATIVIDADES CRIMINOSAS - BRASIL, BRASIL, CHINA, CIDADANIA, CIDADES, COMÉRCIO - BRASIL, COMBATE À CORRUPÇÃO - BRASIL, COMMERCE, COMMODITIES MARKET, CORRUPÇÃO - BRASIL, CORRUPTION, CRIMINAL ACTIVITIES, DEFESA DO CONSUMIDOR - BRASIL, ECONOMIA - BRASIL, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOREIGN POLICIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, MACROECONOMY, PARAGUAY, POLÍCIA FEDERAL, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, SMUGGLING, THE FLOW OF INVESTMENTS | Leave a Comment »
WORLD ECONOMIES
Posted by Gilmour Poincaree on January 12, 2009
January 12, 2009 Monday – Muharram 14, 1430
Dawn
PUBLISHED BY ‘DAWN’ (Pakistan)
Posted in AGRICULTURE, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FOREIGN POLICIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, INTERNATIONAL RELATIONS, MACROECONOMY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, STATE TARIFFS, THE FLOW OF INVESTMENTS, THE WORK MARKET | Leave a Comment »
OIL EXECS SEE GROWTH IN RENEWABLE ENERGY
Posted by Gilmour Poincaree on January 12, 2009
Mon, Jan. 12, 2009
by H. Josef Hebert – Associated Press Writer
PUBLISHED BY ‘THE WICHITA EAGLE’ (USA)
Posted in AEOLIC, BIOFUELS, BIOMASS, COMMERCE, COMMODITIES MARKET, ECONOMIC CONJUNCTURE, ECONOMY, ENERGY, ENERGY INDUSTRIES, ENVIRONMENT, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, GLOBAL WARMING, HYDROELECTRIC ENERGY, HYDROGEN - FUEL CELLS, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, POLLUTION, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, SOLAR, STATE TARIFFS, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE WORK MARKET | Leave a Comment »
YOU CAN’T BUY CONFIDENCE WHEN THE ECONOMY IS IN A STATE OF COLLAPSE (UK)
Posted by Gilmour Poincaree on January 12, 2009
Monday, 12 January 2009
by Stephen King
PUBLISHED BY ‘THE INDEPENDENT’ (UK)
Posted in BANKING SYSTEMS, CENTRAL BANKS, COMMERCE, ECONOMIC CONJUNCTURE, ECONOMY, FINANCIAL CRISIS 2008/2009, FINANCIAL MARKETS, FINANCIAL SERVICES INDUSTRIES, INDUSTRIAL PRODUCTION, INDUSTRIES, INTERNATIONAL, MACROECONOMY, PUBLIC SECTOR AND STATE OWNED ENTERPRISES, RECESSION, REGULATIONS AND BUSINESS TRANSPARENCY, RESTRUCTURING OF PRIVATE COMPANIES, RESTRUCTURING OF THE PUBLIC SECTOR, STOCK MARKETS, THE FLOW OF INVESTMENTS, THE WORKERS, UNEMPLOYMENT, UNITED KINGDOM | Leave a Comment »
