WORLD CRISIS WEEKLY WRAP-UP (April 06--10, 2009)

WORLD CRISIS WEEKLY WRAP-UP!  (APRIL 6 -- APRIL 10)

UPDATE 1 OF 3

JAPAN TO SPEND A RECORD $150 BILLION STIMULUS PACKAGE

WORLD OIL DEMAND FORECAST CUT TO LOWEST SINCE 2004

CHINA’S EXPORTS FELL FOR 5^THMONTH!

GERMANY TO NATIONALIZE HYPO REAL ESTATE BANK!

LE JAPON CONNAÎTRA LA PIRE RÉCESSION DES PAYS INDUSTRIALISÉS!...

RUSSIA'S BANKS' BAD LOANS MAY QUADRUPLE.

US FED LAST RATE DECISION MINUTES: PESSIMISTIC!

L'ÉCONOMIE AMÉRICAINE A CONTINUÉ DE SE DÉTÉRIORER!...

MÉXICO: ¡INFLACIÓN CON SEÑALES MIXTAS!

SLOWER ECONOMIC SLIDE IS NOT A REBOUND!

GERMAN EXPORTS FELL FOR A 5TH MONTH...

EMERGING MARKETS: WARNING SIGNS?

UK GROWTH (GDP) FAAALLS!..RECESSION RESEMBLES 1979...

US BUSINESS CONFIDENCE LOWEST IN 7 YEARS!

MÉXICO ¿EN PROFUNDA RECESIÓN?

US FED AGREES ON SWAP LINES FOR EUROS, YEN, POUNDS...

US STOCKS: A "BEAR MARKET" RALLY?

JAPAN KEEPS RATE; WIDENS RANGE OF COLLATERAL FOR L...

BRAZIL: 1ST RECESSION IN 17 YEARS?

US FED BERNANKE:..OVER-OPTIMISTIC?

US LABOR MARKET TO DETERIORATE FURTHER!

US TOXIC-ASSET PLAN MAY BLUNT APPETITE FOR JUNK BO...

FMI: REPRISE MONDIALE AU PREMIER SEMESTRE 2010?......

EUROPE PRODUCER PRICES FALL HIGHLIGHT DEFLATION RISK...

UK: A HUGE GROWTH FORECAST ERROR?

S&P 500 STEEPEST RALLY SINCE 1938 MAY DISSIPATE!.....

US OBAMA TESTED BY NORTH KOREA MISSILE LAUNCH!

NKOREA LAUNCHED ROCKET. A TEST NUCLEAR WARHEADS CARRYING MISSILE?ALASKA RANGE. 

SPAIN’S, ZAPATERO, REPLACED FINANCE MINISTER PEDRO SOLBES. MARKETS REACTED NEGATIVELY. 

IRELAND EMERGENCY BUDGET TO RAISE TAXES AND CUT SPENDING VS BUDGET DEFICIT. GDP 2008 -8%?

G-20 SUMMARY: IMF 1 TRILLION; TAX HAVENS CRACKDOWN; FINANCIAL STABILITY BOARD; PRO-TRADE! 

FORD CUT DEBT BY $9.9 B, FROM $25.8 B. GM, CHRYSLER STILL NEGOTIATING TO AVOID BANKRUPTCY.

US MARCH JOBLESS UP TO8.5% , 25-YEAR HIGH. 5M JOBS LOST SINCE DEC 2007.

EURO-AREA PRODUCER PRICES, RETAIL SALES DROP (DEFLATION?). ECB CUT RATE – 0.25% TO 1.25%.

HSBC RIGHTS ISSUE O.K.: 96.6% OF SHARES BOUGHT; GOT $18.5 B. IT HAS NOT REQUIRED BAILOUT!

ROYAL BANK OFSCOTLAND TO CUT 9,000 JOBS WORLDWIDE.

EURO-ZONE-15 GDP -1.5% 4^TH Q, EU-27 -1.4%.2008 (TOTALS) E-Z +0.8%, EU +0.9%.

UK FEB IND. PROD. -5.8% THAN PREVIOUS 3 MTHS, -12.5% VS 2008. 41-Y RECORD FALL.

TAIWAN’S EXPORTS PLUNGE CONTINUED. MARCH -35.7% (YEAR BASIS). IMPORTS, -49.5%, SURPLUS UP.

AUSTRALIA CUT RATE BY 0.25% TO 3%. SIXTH SINCE SEPT. 49-YEAR LOW.

US CONSUMER CREDIT $7.5 B, OR 0.3%, IN FEB.

*****

WORLD CRISIS WEEKLY WRAP-UP!   

(Last Week.... March 30 -- April 03)

 

G-20 Background. 

 

What to expect from this week'sSummit. The Markets behaved great, but the world economy is deteriorating very fast!

 

-----(UPDATE 1 OF 3)-----

 

G-20: NEW WORLD ORDER?..LESSER ROLE FOR U.S., MARKETS

 

IMF: $I TRILLION FOR GLOBAL RESCUES! ...WOW!...BUT...

US WEEKLY JOBLESS UP TO HIGHEST SINCE 1982!

CHINAMANUFACTURING EXPANDS!...WEIRD?

EUROPE CUTS RATE...AND DISAPPOINTS!

G-20: RÉGULATION DE LA FINANCE!

UK HOUSE PRICES UP!...WEIRD?

USMANUFACTURING SHRINKS AT SLOWER PACE!

GLOBAL ECONOMIC SLIDE MAY BE SUBSIDING!...REALLY?

OBAMA:BANKRUPTCY FOR GM, CHRYSLER...BEST OPTION!

EUROPE MANUFACTURING DOWN, DOWN, DOWN!

EUROPE UNEMPLOYMENT UP, UP, UP!

ASIA ECONOMY DEEPENS AS JAPAN TANKAN TUMBLES!

MONDE: RISQUE DE DÉFLATION!

MEXICO PREPARED TO TAKE 40 B CREDIT LINE FROM IMF!...

GERMAN UNEMPLOYMENT UP FOR 5TH MONTH!

US FINANCIAL RESCUE APPROACHES ITS GDP LEVEL!...WH...

RUSSIA TO CONTRACT 4.5% THIS YEAR!

AUSTRALIA'S RECESSION THIS YEAR?

JAPAN JOBLESS JUMPS TO 3-YEAR HIGH!

IRELAND LOSSES RATING, JOINS SPAIN, PORTUGAL, GREE...

SOME US BANKS NEED "LARGE AMOUNTS" OF AID!

G-20: ¿MERCADOS INOCENTES?

THE DOLLAR IS HERE TO STAY!...YES!

UNEMPLOYMENT: DOUBLE DIGIT NUMBERS LOOM!

G20 IN LONDON FOR AMBITIOUS SUMMIT

WORLD RECESSION AND REFORM OF THE IMF.

MEXICO 1ST TO ACCEPT AN IMF OFFER OF A FLEXIBLE CREDIT LINE OF UP TO $47 BILLION (NO STRINGS ATTACHED). 

IADB  AGREED TO MORE CAPITAL TO EXPAND LENDING. $18 B THIS YEAR. IT CAN ONLY LEND $8 B A YEAR. 

UNIVERSITY OF TORONTO SAID 1,300 GOV COMPUTERS IN 103 COUNTRIES WITH SPYWARE. CHINA AS THE CULPRIT. 

HUNGARY’S RULING SOCIALISTS PICKED GORDON BAJNAI, TO REPLACE FERENC GYURCSANY AS PM.

NETANYAHU ISRAEL’S PM IN A COALITION.

GM, CHRYSLER INADEQUATE PLANS. OBAMA: BANKRUPTCY BEST. GM 60 DAYS: BONDHOLDERS DISCOUNTS. UNIONS CONCESSIONS. CHRYSLER 30 DAYS TO AGREE A PARTNERSHIP WITH ITALY’S FIAT. 

BARCLAYS SAID IT DID NOT NEED TO PARTICIPATE IN THE BRITISH GOVERNMENT’S ASSET PROTECTION SCHEME.

UK RESCUE OF DUNFERMLINE BUILDING SOCIETY, A SCOTTISH MUTUAL LENDER.  NATIONWIDE TO ACQUIRE IT

SPAIN $12 B LOANS TO CAJA CASTILLA LA MANCHA. 1ST TO BE BAILED OUT IN 16 YEARS. MORE TO COME.

SWISS RE, WORLD’S 2ND-BIGGEST REINSURER, SAID IT WOULD CUT 10% OF ITS GLOBAL WORKFORCE WITHIN A YEAR.

OECD GRIM 30 COUNTRIES -4.3% THIS YEAR.US -4%, EURO AREA’S -4.1%, JAPAN’S -6.6%. 

WORLD BANK UPDATED FORECAST FOR THE WORLD ECONOMY, TO SHRINK BY 1.7% IN 2009.

HOUSING OK: US PENDING HOME-SALES +2.1% IN FEB (MTHLY). UKHOUSE PRICES + 0.9% MARCH $217,000. 

MIXED JAPAN. TANKAN LARGE MANUFACTURERS SENTIMENT -58, LOWEST IN HISTORY SINCE 1974. VEHICLE PRODUCTION -56% LOWER IN FEB THAN A YEAR EARLIER. SALES IN MARCH -32% ON 2008. HOWEVER, FEBRUARY CUTTING INVENTORIES AT THE FASTEST SINCE RECORDS BEGAN IN 1953. BOTTOM IN SIGHT?

US FED BOUGHT $6 B OF 3 TO 4 YEAR TREASURIES ON APRIL 1ST. PART OF PLANS TO BUY OVER $300 B TO LOWER BORROWING RATES FOR CONSUMERS AND GET CREDIT FLOWING AGAIN.

SK EXPORTS -21.2% IN MARCH Y-ON-Y. TO CHINA, LARGEST MARKET, -17.2%, 20 DAYS OF MARCH.IMPORTS -36%.

BRAZIL’S INDUSTRIAL OUTPUT CONTINUED TO PLUMMET -17% LOWER IN FEB THAN A YEAR EARLIER.

INDIA’S EXPORTS -21.7% Y-TO-FEB. IMPORTS -23%, TRADE DEFICIT NARROWED, TO $4.9 B.