TRICHET DRAGS ECB INTO NEW ERA OVER WEBER'S BOND OBJECTIONS!

Trichet Drags ECB Into New Era Over Weber’s Bond Objections - Bloomberg.com: "Trichet Drags ECB Into New Era Over Weber’s Bond Objections"

EURO: ECB CUTS RATE TO RECORD 1.0%!

ECB Cuts Key Rate to Record Low, May Lengthen Loans (Update1) - Bloomberg.com: "ECB Cuts Key Rate to Record Low, May Lengthen Loans (Update1)"

UK KEEPS RATE AT 0.5%: INCREASES BOND PURCHASE PLAN!

BOE Increases Bond Purchase Plan, Rate Stays at 0.5% (Update2) - Bloomberg.com: "BOE Increases Bond Purchase Plan, Rate Stays at 0.5% (Update2)"

US DEFLATION: ..THE GREATER OF TWO EVILS!

The Fed should focus on deflation | The greater of two evils | The Economist: "The greater of two evils"

US FED STRESS TESTS SHOW 10 BANKS NEED CAPITAL OF $74.6 BILLION!

Fed Determines 10 Banks Need Capital of $74.6 Billion (Update1) - Bloomberg.com: "Fed Determines 10 Banks Need Capital of $74.6 Billion (Update1)"

LES "TESTS DE RÉSISTANCE" IMPOSÉS AUX BANQUES AMÉRICAINES LIVRENT LEUR VERDICT!

Les "tests de r�sistance" impos�s aux banques am�ricaines livrent leur verdict - L'�conomie en crise - Le Monde.fr: "Les 'tests de r�sistance' impos�s aux banques am�ricaines livrent leur verdict"

MÉXICO: ¿CÓMO VA HOY?....Jueves, mayo 07, 2009!

MERCADOS MEXICANOS-�Qu�dicen los analistas? 7 de mayo
| Titulares
| Reuters: "MERCADOS MEXICANOS-�Qu�dicen los analistas? 7 de mayo"

US CONSUMER CREDIT DROPS BY RECORD AMID JOB, BANK LOSSES!

Consumer Credit Drops by Record Amid Job, Bank Losses (Update1) - Bloomberg.com: "Consumer Credit Drops by Record Amid Job, Bank Losses (Update1)"

SWINE FLU SPREADS TO POLAND FROM U.S.!

Swine Flu Travels to Poland as 1,893 Confirmed Ill (Update1) - Bloomberg.com: "Swine Flu Travels to Poland as 1,893 Confirmed Ill (Update1)"

LA SOCIÉTÉ GÉNÉRALE ENREGISTRE DES PERTES AU PREMIER TRIMESTRE!

La Soci�t�g�n�rale enregistre des pertes au premier trimestre - L'�conomie en crise - Le Monde.fr: "La Soci�t�g�n�rale enregistre des pertes au premier trimestre"

BLACK SWAN: GLOBAL CRISIS "VASTLY WORSE" THAN 1930s!

Global Crisis ‘Vastly Worse’ Than 1930s, Taleb Says (Update2) - Bloomberg.com: "Global Crisis ‘Vastly Worse’ Than 1930s, Taleb Says (Update2)"

ASIA'S EXPORT-LED GROWTH MODEL ..."BROKEN"!

Asia’s Export-Led Growth Model ‘Broken,’ Roubini Says (Update1) - Bloomberg.com: "Asia’s Export-Led Growth Model ‘Broken,’ Roubini Says (Update1)"

AMÉRICA LATINA AÚN NO TOCA FONDO!

ACTUALIZA 1-SUMMIT-Econom�a A.Latina no toca fondo a�n: S&P
| Negocios
| Reuters: "ACTUALIZA 1-SUMMIT-Econom�a A.Latina no toca fondo a�n: S&P"

L'"EXUBÉRENCE IRRATIONNELLE" DES MARCHÉS REFAIT SURFACE!

L'"exub�rance irrationnelle" des march�s refait surface - L'�conomie en crise - Le Monde.fr: "L''exub�rance irrationnelle' des march�s refait surface"

MÉXICO: ¿CÓMO VA HOY?..Miércoles, mayo 06, 2009

MERCADOS MEXICANOS-�Qu�dicen los analistas? 6 de mayo
| Titulares
| Reuters: "MERCADOS MEXICANOS-�Qu�dicen los analistas? 6 de mayo"

BOFA, CITIGROUP, GMAC, WELLS FARGO NEED MORE CAPITAL AFTER STRESS TESTS!

Bank of America, Citigroup, GMAC Need More Capital (Update2) - Bloomberg.com: "Bank of America, Citigroup, GMAC Need More Capital (Update2)"

ASIA FACES "LONG RECOVERY AHEAD" OF DEPRESSED DEMAND!

Asia Faces ‘Long Recovery Ahead’ on Depressed Demand, IMF Says - Bloomberg.com: "Asia Faces ‘Long Recovery Ahead’ on Depressed Demand, IMF Says"

WORLD BANK: LA RÉCESSION FERA MOURIR 700,000 ENFANTS AFRICAINS PAR AN!

"La r�cession fera mourir 700 000 enfants africains par an" - L'�conomie en crise - Le Monde.fr: "'La r�cession fera mourir 700 000 enfants africains par an'"

BANK OF AMERICA SAID TO NEED ABOUT $34 BILLION IN NEW CAPITAL!

Bank of America Said to Need About $34 Billion in New Capital - Bloomberg.com: "Bank of America Said to Need About $34 Billion in New Capital"

US REQUIRES 2nd FISCAL STIMULUS TO BEAT SLUMP!...WHAT?

U.S. Requires Second Fiscal Stimulus to Beat Slump, Rogoff Says - Bloomberg.com: "U.S. Requires Second Fiscal Stimulus to Beat Slump, Rogoff Says"

SUMMERS, GEITHNER ARE SILENT AS IMF LOSES GRIP!

Summers, Geithner Are Silent as IMF Loses Grip: William Pesek - Bloomberg.com: "Summers, Geithner Are Silent as IMF Loses Grip: William Pesek"

GRIPE PORCINE: RETOUR DU MEXIQUE: MA FAMILLE ET MOI!

Gripe Porcine: Retour du Mexique : "Ma famille �tait plus paniqu�e que moi" - International - Le Monde.fr: "Retour du Mexique : 'Ma famille �tait plus paniqu�e que moi'"

L'ALLEMAGNE MIEUX PLACÉE QUE LA FRANCE POUR SORTIR DE LA CRISE!

La France, handicap�e par sa dette, craint d'�tre distanc�e par l'Allemagne lors de la reprise mondiale - L'�conomie en crise - Le Monde.fr: "La France, handicap�e par sa dette, craint d'�tre distanc�e par l'Allemagne lors de la reprise mondiale"

MÉXICO: ¿CÓMO VA HOY?...Martes, mayo 05, 2009

MERCADOS MEXICANOS-�Qu�dicen los analistas? 5 de mayo
| Titulares
| Reuters: "MERCADOS MEXICANOS-�Qu�dicen los analistas? 5 de mayo"

US SERVICES SHRANK AT SLOWER PACE!...GOOD NEWS?

U.S. Economy: Services Shrank at Slower Pace in April (Update1) - Bloomberg.com: "U.S. Economy: Services Shrank at Slower Pace in April (Update1)"

AUSTRALIA KEEPS RATE AT 3%! ...BRAVO?

Australia Leaves Key Interest Rate Unchanged at 3% (Update2) - Bloomberg.com: "Australia Leaves Key Interest Rate Unchanged at 3% (Update2)"

UNE DIZAINE DE BANQUES AMÉRICAINES AURAIENT BESOIN DE CAPITAUX!

Une dizaine de banques am�ricaines auraient besoin de capitaux - Le Monde.fr: "Une dizaine de banques am�ricaines auraient besoin de capitaux"

CHINA'S STOCKS "BUBBLE"....READY TO BURST?

China Stocks ‘Bubble’ Ready to Burst, Galaxy Says (Update2) - Bloomberg.com: "China Stocks ‘Bubble’ Ready to Burst, Galaxy Says (Update2)"

EUROPE: ECB TRICHET UNDERMINED BY CONFLICTING ECONOMIC SIGNALS!

Trichet’s ECB Unity Drive Complicated by Mixed Economy Signals - Bloomberg.com: "Trichet’s ECB Unity Drive Complicated by Mixed Economy Signals"

OBAMA ENGAGE LA LUTTE CONTRE L'ÉVASION DISCALES ET LES DÉLOCALISATIONS!

Obama engage la lutte contre l'�vasion fiscale et les d�localisations - Am�riques - Le Monde.fr: "Obama engage la lutte contre l'�vasion fiscale et les d�localisations"

MÉXICO: ¿CÓMO VA HOY? ...Lunes, mayo 04, 2009

MERCADOS MEXICANOS-�Qu�dicen los analistas? 4 de mayo
| Titulares
| Reuters: "MERCADOS MEXICANOS-�Qu�dicen los analistas? 4 de mayo"

S&P 500 ERASES 2009 LOSS!...BRAVO?

U.S. Markets Wrap: S&P 500 Erases 2009 Loss as Copper, Oil Gain - Bloomberg.com: "U.S. Markets Wrap: S&P 500 Erases 2009 Loss as Copper, Oil Gain"

EUROPE: TAUX ET CHANGES: FAUCONS ET COLOMBES S'AFFRONTENT À LA BCE!

Faucons et colombes s'affrontent �la BCE - Economie - Le Monde.fr: "Faucons et colombes s'affrontent �la BCE"

ASIA $120 BILLION RESERVE FUND TO BOOST CONFIDENCE!...REALLY?

Asia’s $120 Billion Reserve Fund to Boost Confidence (Update1) - Bloomberg.com: "Asia’s $120 Billion Reserve Fund to Boost Confidence (Update1)"

GM BANKRUPTCY.....PROBABLE!

GM Bankruptcy Probable as Obama Favors UAW Against Bondholders - Bloomberg.com: "GM Bankruptcy Probable as Obama Favors UAW Against Bondholders"

WORLD CRISIS WEEKLY WRAP-UP! (April 27 -- May 01, 2009)

• US Banks Shutdown Tally got to  32!
• Japan Keeps Rate 0.1%!
  
• US FED Kept Monetary Policy Unchanged!
  
• FED Is said to seek capital for 6 Banks !
  
• Bank of America May Need  $70 b, after stress test!…
  
• Global fiancial crisis to last another year!
  
• Japan Retail Sales drop for a 7th month!!
• Flu dampens world economy hopes!
  
• Estados Unidos Declara Estado de Emergencia por Flu.
  
• Russia may seek world bank loan.
  
• México flu outbreak threatens to worsen economic woes! …
  
• World stocks markets were shaken by flu!
• China’s current account surplus to shrink. Nothin to worry about?
  
• México declares state of emergency on flu deaths!
• Swine flu spread from Mexico, prompting the World Health Organisation to declare a pandemic imminent.
• Rafael Correa won Ecuador’s presidential election, Legislative majority. Lower oil prices, falling remittances from 2m abroad.
• Obama 100 days as President,  high 68% approval. NYT/CBS 72% of population optimistic.  
• S Africa’s ruling African National Congress won to elect ANC’s leader, Jacob Zuma, as president. 
• N Korea again reprocessing fuel rods. Threatened to carry out nuclear and missile tests unless the United Nations apologised.
• US GDP -6.1% 1st q. Previous - 6.3%. 3th q. fall = 1973-75 and 1981-82 recessions. 38% plunge bus. investment, steepest ever! 
• US house prices still plunged by record rates in ten of the 20 cities covered by the S&P/Schiller index.
• Car companies reported grim quarterly earnings numbers. Daimler, Honda, Volvo, Ford. 
• EC wants more regulation for hedge and private-equity funds > €100m. Industry would be crippled: Fund Managers.
• Japan Ind Prod. +1.6% March, -9.4% Feb. 1st 6 months, twice forecast, inventories cuts may now have run their course.
• Britain’s GDP  -1.9% 1st q. Worst was manufacturing -6.2%. Services -1.2%.
• S. Korea’s exports -17.8% March. Imports -35.8% = current-account surplus $6.65 b, from $3.56 b Feb.
• Brazil cut rate 1% point, to 10.25%, New Zealand’cut rate 1/2 % point, to 2.5%, both record lows.

PREVIOUS WEEK (April 20 — April 25, 2009)

• India held the second of five rounds of voting in its month-long general election.
• UK Gov. said GDP -3.5% in 2009/10, worst since 1945. Top income-tax up to 50%. Public debt to double to 80% of GDP by 2013/14. 
• UBS continued to shrink. Sold Pactual, a Brazilian investment bank, for $2.5 b, Credit Suisse profits, exceeded expectations.
• BofA $4.2 b net profit, thanks to Merrill Lynch. Citigroup 1st profit in 6q. Wells Fargo earnings up too. But Morgan Stanley -$177m.
• Japan’s 2nd-largest bank, Mizuho, worse than expected losses of about $5.9 b, after suffering falls in shareholdings,  loan losses.
• IMF: Bank write-downs will hit $4.1 t, will need more capital to survive. World to shrink by 1.3% this year, 1st in 60 years.
• Germany Ec. Sentiment 1st positive since 2007, worst is over? Critics said current conditions continued to slump.
• Deflation threat continues. German Producer inflation down. UK retail inflation fell 0.4% , first since 1960.
• Japan exports -45.6%. Imports -36.7% on a year earlier, which caused Japan’s monthly trade surplus to shrink.
• Germany Producer Inflation fell by 0.5%, 1st since 2004, biggest since  2002. Investor confidence, up to 13 from -3.5 a month earlier.
• UK Inflation fell to 2.9% in March from 3.2%. Retail Inflation -0.4% in the year to March.
• Sweden cut rate by 1/2, to 0.5%. India to 4.75%, and -1/4 % point from its reverse repurchase rate, to 3.25%. Sixth in 6 months.
• Australia inflation up 2.5% in 1st q. Prices+0.1% over previous quarter, weakest in 18 months!.
• Venezuelan Bolivar devalued further.
• G-20: Half ignore pledge to avoid protectionism!
• Ireland Deflation sounds alarm for Europe!
• European Services, Manufacturing contracted for 11th month!
• U.K. Financial Bailout Totals Equal GDP!
• ¡México se desplomará 3.7% en 2009!
• América Latina Entrará en Recesión Este Año!
• Malaysia Inflation Slows to an 11th month low!
• World Crisis Losses May Hit $4.1 Trillion…WOW!
• UK Deficit Largest Since WWII!
• Bear Market Still in Its Infancy!
• US Budget Deficit May Soar To 4 Times Last Years’!
• S. African Banks Will Have a Very Tough Year!
• México To Cut Rate To 5% As GDP Shrinks!
• Emerging Markets Credit…..Worsens!
• India Unexpectedly Cut Rate on Growth Worries!
• US Firms: Pessimistic!
• US Stocks Tumble on Concern Over Banks!
• US Leading Index Shows Recovery Far Away!
• Australia To Be Dragged Into Recession!
• IMF Easier Lending Promps Bondholder Anxiety!
• Indiana Jobless Reaches 10%, joins 7 other States!!…

WORLD ECONOMY WEEKLY AGENDA (May 04 -- May 08, 2009)

AHEAD OF  THE CURVE! 

UPCOMING THIS WEEK: POLITICS AND ECONOMY: —EVENTS THAT MAY MOVE GLOBAL FINANCIAL MARKETS (Update 1 of 3)— 

 (May 04– May 08,  2009)-–Outstanding Events That May Move Global Financial Markets:

WORLD MARKETS—-Dollar Recovery, Possible?, —-Oil, Gasoline and Food Prices-–NORTH AMÉRICA: ***United States: Pending Home Sales (04); Construction Spending (04); FED’s Lacker Speaks (04); ISM Services (05);FED’s Bernanke Testifies Before Joint Economic Committee (05); FED’s Stern Speaks (05); ABC Consumer Confidence (05); FED’s Yellen Speaks (06); Mortgage Applications (06); FED’s Stern Speaks (06);     Productivity (07); FED’s Evans Speaks (07); FED’s Bernanke Speaks (07); Consumer Credit (07); Unemployment Rate (08); Wholesale Inventories (08); FED’s Evans Speaks (08); ; FED’s Lacker Speaks (08);   México; Sector Manufacturero –Tendencia — (04); Confianza del Productor (04); Manufacturas por Estado (06); Dist: Electricidad por Estado (06); Confianza del Consumidor (07); Indicadores Compuestos; Coincidente y Adelantado (07);      Canada ; Unemployment Rate (08);   EUROPE;  ;   Britain:Consumer Confidence (05); PMI Services (06); Bank of England Rate Decision (07); Producer Inflation (08);     ; Switzerland; Inflation (07);Unemployment Rate (08); Producer Inflation (08);   ;   Euro-Zone: Investor Confidence (04); PMI Manufacturing (04); Producer Inflation (05); PMI Services (06); PMI Composite (06); Retail Sales (06); ECB Rate Decision (07);  ; ; France: PMI Manufacturing (04); PMI Services (06);  ;  Germany:Retail Sales (04); PMI Manufacturing Index (04); PMI Services (06); Factory Orders (07); Trade Balance (08); Current Account (08); Industrial Production (08);      ; Italy: Budget Balance (04); ;  —ASIA, PACIFIC: —Japan: Rate Decision Minutes (07);  ;Australia; Services (04); Rate Decision (05); Retail Sales (06); Trade Balance (06); Unemployment Rate (07); Reserve Bank Quarterly Monetary Policy Statement (08)    ; – New Zealand: Commodity Prices (05); Unemployment Rate (06);   ; —-: ;—-

—OUTSTANDING— :

World: *****Global Impact of the Swine Flu (Pandemic ?)*****;United States: FED’s Bernanke Testifies Before Joint Economic Committee;   ***** Unemployment Rate*****; 19 US Largest Banks “Stress Tests” to be published (Thursday 07); Obama to Welcome  (Wednesday 06 & Thursday 07) Afganistan and Pakistan Presidents To Review Strategy vs Al-Qaeda and Taliban Terrorist Groups!;  Australia: RBA Rate Decision; Euro-Zone: ECB Rate Decision; United Kingdom: Bank of England Rate Decision; Germany:Trade Balance; Industrial Production; Australia: Reserve Bank Quarterly Monetary Policy Statement; México: Indicadores Compuestos: Coincidente y Adelantado; Confianza del Consumidor;South Africa: Jacob Zuma Will Become President (Saturday May 09) 

—–º—–

SUNDAY 03: 

MONDAY 04:  

Euro-Zone: Investor Confidence 

Italy: Budget Balance 

TUESDAY 05: 

United States: FED’s Bernanke Testifies Before Joint Economic Committee

Australia: RBA Rate Decision

WEDNESDAY 06: 

Euro-Zone: Retail Sales; President Obama to Welcome Presidents from Afghanistan and Pakistan To Review strategies Vs Taliban and Alqaeda Terrorist Groups (2 day meetings)!

THURSDAY 07: 

United States: Productivity: President Obama to Welcome Presidents from Afghanistan and Pakistan To Review strategies Vs Taliban and Alqaeda Terrorist Groups (2 day meetings)!

Japan: Bank of Japan Rate Decision Minutes

Euro-Zone: ECB Rate Decision

United Kingdom: Bank of England Rate Decision 

Australia: Unemployment Rate

México: Indicadores Compuestos: Coincidente y Adelantado;Confianza del Consumidor

FRIDAY 08: 

United States: Unemployment Rate

Germany: Trade Balance; Industrial Production

Canada: Unemployment Rate 

Switzerland: Unemployment Rate 

Australia: Reserve Bank Quarterly Monetary Policy Statement

New Zealand: Unemployment Rate

SATURDAY 09: 

South Africa: Jacob Zuma Will Become President

SUNDAY 10:

MEXICO'S ECONOMY AND THE FLU!

Swine flu causes a headache for Mexico's economy | A painful tune | The Economist: "Flu and the Mexican economy"

US BANK "STRESS TESTS"......NO USE?

Buffett Dismisses Government Stress Tests, Praises Wells Fargo - Bloomberg.com: "Buffett Dismisses Government Stress Tests, Praises Wells Fargo"

SWINE FLU: ..FADING?...DEADLY SERIOUS!...BETTER BELIEVE IT!

How scared should you be? | The pandemic threat | The Economist: "The pandemic threat"

US ECONOMY THIS WEEK!.....GULP!...(May 04--May 08, 2009)

Joblessness Probably Rose to 25-Year High: U.S. Economy Preview - Bloomberg.com: "Joblessness Probably Rose to 25-Year High: U.S. Economy Preview"

MÉXICO'S ECONOMY PROBABLY SHRANK 7% IN 1st QUARTER!

Mexico’s Economy Probably Shrank 7% in First Quarter (Update3) - Bloomberg.com: "Mexico’s Economy Probably Shrank 7% in First Quarter (Update3)"

L'ITALIE PRÉVOIT UNE CHUTE DE SON PIB DE 4.2% EN 2009!

L'Italie pr�voit une chute de son PIB de 4,2 % en 2009 - Europe - Le Monde.fr: "L'Italie pr�voit une chute de son PIB de 4,2 % en 2009"

UNITED STATES: "NO SIGNS" OF RECOVERY IN HOUSING, RETAIL SALES?

Buffett Says He Sees ‘No Signs’ of Recovery in Housing, Retail - Bloomberg.com: "Buffett Says He Sees ‘No Signs’ of Recovery in Housing, Retail"

MÉXICO: ¿QUÉ VA A PASAR? ¿GRIPE PORCINA? (AGENDA MAY 04 -- MAY 08, 2009)

MERCADOS MEXICANOS-Atentos evoluci�n empidema influenza porcina
| Titulares
| Reuters: "MERCADOS MEXICANOS-Atentos evoluci�n empidema influenza porcina"

AUX ETATS-UNIS, LA PLUS GROSSE FAILLITE BANCAIRE DE L'ANNÉE!

Aux Etats-Unis, la plus grosse faillite bancaire de l'ann�e - L'�conomie en crise - Le Monde.fr: "Aux Etats-Unis, la plus grosse faillite bancaire de l'ann�e"

STRESS TEST MAY PUSH 14 BANKS TO RAISE MONEY!....GULP!

Stress Test May Push 14 Banks to Raise Money, FBR’s Miller Says - Bloomberg.com: "Stress Test May Push 14 Banks to Raise Money, FBR’s Miller Says"

US BANKS SHUTDOWS TALLY INCREASE TO 32!

Three Banks Seized by Regulators, Pushing Year’s Total to 32 - Bloomberg.com: "Three Banks Seized by Regulators, Pushing Year’s Total to 32"

BANK STRESS-TEST DISCLOSURES DELAYED TO MAY 7!

Regulators Said to Plan Stress-Test Disclosures May 7 (Update1) - Bloomberg.com: "Regulators Said to Plan Stress-Test Disclosures May 7 (Update1)"

BOUCLIER FISCAL: LA "FAUSSE" RÉFÉRENCE ALLEMANDE DE M. SARKOZY

Bouclier fiscal : la "fausse" r�f�rence allemande de M. Sarkozy - Politique - Le Monde.fr: "Bouclier fiscal : la 'fausse' r�f�rence allemande de M. Sarkozy"

MÉXICO: ¿QUÉ VA A PASAR? ¿GRIPE PORCINA? (AGENDA mayo 04 -- 08, 2009)

MERCADOS MEXICANOS-Atentos evoluci�n empidema influenza porcina
| Titulares
| Reuters: "MERCADOS MEXICANOS-Atentos evoluci�n empidema influenza porcina"

MÉXICO: ¿CÓMO VA HOY?...Jueves 30 abril, viernes 01 mayo, 2009

MERCADOS MEXICANOS-�Qu�dicen los analistas? 30 de abril
| Titulares
| Reuters: "MERCADOS MEXICANOS-�Qu�dicen los analistas? 30 de abril"

SWINE FLU REACHES 11 COUNTRIES!

Swine Flu Reaches 11 Countries, 250 Cases Confirmed (Update1) - Bloomberg.com: "Swine Flu Reaches 11 Countries, 250 Cases Confirmed (Update1)"