THE WEEKLY GLOBAL INVESTOR: 14/06/2009

samedi, juin 20, 2009

vendredi, juin 19, 2009

EUROPEAN LEADERS SAY BANKING SYSTEM "REMAINS CHALLENGING" !

EU Leaders Say Bank Environment ‘Remains Challenging’ (Update1) - Bloomberg.com: "EU Leaders Say Bank Environment ‘Remains Challenging’ (Update1)"

LE MILLIARDAIRE ALLEN STANFORD INCULPÉ POUR ESCROQUERIE!

Le milliardaire Allen Stanford inculp�pour escroquerie - Am�riques - Le Monde.fr: "Le milliardaire Allen Stanford inculp�pour escroquerie"

MÉXICO LOWERS RATE TO 4.75% TO SUPPORT SHRINKING ECONOMY!

Mexico Bank Lowers Rate to 4.75% to Support Economy (Update3) - Bloomberg.com: "Mexico Bank Lowers Rate to 4.75% to Support Economy (Update3)"

MÉXICO BAJA SU TASA 50 PB A 4.75%

ACTUALIZA 2-Banco central M�xico baja tasa referencia 4.75 pct
| Titulares
| Reuters: "ACTUALIZA 2-Banco central M�xico baja tasa referencia 4.75 pct"

LA RUSSIE DOIT RÉFORMER SON ÉCONOMIE MALGRÉ SA RENTE PÉTROLIÈRE!

Moscou doit r�former son �conomie malgr�sa rente p�troli�re - L'�conomie en crise - Le Monde.fr: "Moscou doit r�former son �conomie malgr�sa rente p�troli�re"

MÉXICO: ¿CÓMO VA HOY?..(Viernes, junio 19, 2009)

MERCADOS MEXICANOS-�Qu�dicen los analistas? 19 de junio
| Titulares
| Reuters: "MERCADOS MEXICANOS-�Qu�dicen los analistas? 19 de junio"

US JOBLESS OF 10% SPREADS, RISKING RECOVERY!

Unemployment of 10% Spreads, Risking U.S. Recovery (Update1) - Bloomberg.com: "Unemployment of 10% Spreads, Risking U.S. Recovery (Update1)"

UK HAS GUARANTEE ON EUROPEAN UNION BANK REGULATOR, DRAFT SUMMIT TEXT SAYS!

U.K. Has Guarantee on EU Bank Regulator, Draft Summit Text Says - Bloomberg.com: "U.K. Has Guarantee on EU Bank Regulator, Draft Summit Text Says"

MORAL HAZARD FOR BANKS THREATENS NEXT CYCLE!

Ex-BOE’s Gieve Says Moral Hazard for Banks Threatens Next Cycle - Bloomberg.com: "Ex-BOE’s Gieve Says Moral Hazard for Banks Threatens Next Cycle"

MÉXICO:¡ RECONOCE SHCP PRESIONES FISCALES PARA 2010!

Reconoce SHCP presiones fiscales para 2010 - Invertia: "Reconoce SHCP presiones fiscales para 2010"

MÉXICO: HACIENDA RECONOCE PROBLEMAS: ¡TOMA CRÉDITOS DEL FMI Y BM!

Hacienda reconoce problemas; toma cr�ditos del FMI y BM | El Economista: "Hacienda reconoce problemas; toma cr�ditos del FMI y BM"

MÉXICO: RIESGO PAÍS REGISTRA ALZA MODERADA

Riesgo pa�s de M�xico registra alza moderada | El Economista: "Riesgo pa�s de M�xico registra alza moderada"

EUROPE: ACCORD SUR UN CADRE EUROPÉEN DE RÉGULATION FINANCIÈRE!

Accord sur un cadre europ�en de r�gulation financi�re - Le Monde.fr: "Accord sur un cadre europ�en de r�gulation financi�re"

IRAN: KHAMENEI-RAFSANJANI SPLIT LIMITS IRAN'S POWER TO QUELL UPRISING!

Khamenei-Rafsanjani Split Limits Iran’s Power to Quell Uprising - Bloomberg.com: "Khamenei-Rafsanjani Split Limits Iran’s Power to Quell Uprising"

jeudi, juin 18, 2009

HAWAII TO GET MISSILE INTERCEPTORS VS NORTH KOREA THREAT!

Gates Orders Measures Against North Korea Missile (Update1) - Bloomberg.com: "Gates Orders Measures Against North Korea Missile (Update1)"

LES EUROPÉENS TROUVENT UN ACCORD POUR AMÉLIORER LA SUPERVISION FINANCIÈRE!

Les Europ�ens trouvent un accord pour am�liorer la supervision financi�re - Europe - Le Monde.fr: "Les Europ�ens trouvent un accord pour am�liorer la supervision financi�re"

MÉXICO: ¿CÓMO VA HOY?.. (Jueves, junio 18, 2009)

MERCADOS MEXICANOS-�Qu�dicen los analistas? 18 de junio
| Titulares
| Reuters: "MERCADOS MEXICANOS-�Qu�dicen los analistas? 18 de junio"

US LEADING INDEX, FACTORY GAUGE SHOW GOOD NEWS!

U.S. Economy: Leading Index, Factory Gauge Show Slump Easing - Bloomberg.com: "U.S. Economy: Leading Index, Factory Gauge Show Slump Easing"

JAPAN'S GOVERNMENT, BOJ AGREE WORST OF RECESSION OVER!

Japan’s Government, BOJ Agree Worst of Recession Over (Update1) - Bloomberg.com: "Japan’s Government, BOJ Agree Worst of Recession Over (Update1)"

UK BANKS MAY NEED MORE CAPITAL TO FINANCE RECOVERY, KING SAYS!

King Says U.K. Banks May Need More Capital to Finance Recovery - Bloomberg.com: "King Says U.K. Banks May Need More Capital to Finance Recovery"

INDIA WHOLESALE PRICES FALL FOR 1st TIME SINCE 1978!

India Wholesale Prices Fall for First Time Since 1978 (Update1) - Bloomberg.com: "India Wholesale Prices Fall for First Time Since 1978 (Update1)"

UK FINANCE MINISTER SIGNALS RIFT WITH BROWN OVER SPENDING!

Darling Signals Rift With Brown, Saying U.K. Must Curb Deficit - Bloomberg.com: "Darling Signals Rift With Brown, Saying U.K. Must Curb Deficit"

WORLD BANK RAISES CHINA 2009 GROWTH FORECAST TO 7.2%!

World Bank Raises China 2009 Growth Forecast to 7.2% (Update2) - Bloomberg.com: "World Bank Raises China 2009 Growth Forecast to 7.2% (Update2)"

SWITZERLAND KEEPS RATE, PLANS "FIRM ACTION" ON FRANC!

SNB Holds Key Rate, Plans ‘Firm Action’ on Franc (Update1) - Bloomberg.com: "SNB Holds Key Rate, Plans ‘Firm Action’ on Franc (Update1)"

FED OPPOSES STRIPPING CENTRAL BANK OF CONSUMER-LOAN AUTHORITY!

Fed Opposes Stripping Central Bank of Consumer-Loan Authority - Bloomberg.com: "Fed Opposes Stripping Central Bank of Consumer-Loan Authority"

EN IRAN, "LE SOMMET DE L'ETAT EST COUPÉ EN DEUX"

En Iran, "le sommet de l'Etat est coup�en deux" - Asie-Pacifique - Le Monde.fr: "En Iran, 'le sommet de l'Etat est coup�en deux'"

OBAMA FINANCIAL PLAN GETS WARY RECEPTION FROM BANKS, LAWMAKERS!

Obama Financial Plan Gets Wary Reception From Banks, Lawmakers - Bloomberg.com: "Obama Financial Plan Gets Wary Reception From Banks, Lawmakers"

mercredi, juin 17, 2009

BRIC DOLLAR BONDS BEAT RUBLE, REAIS, YUAN DEBT AS MEDVEDEV FRETS!

BRIC Dollar Bonds Beat Ruble Debt as Medvedev Frets (Update3) - Bloomberg.com: "BRIC Dollar Bonds Beat Ruble Debt as Medvedev Frets (Update3)"

---

It's not up to politicians to determine which currency will be the world reserve currency! Lutz Karpowitz (Commerzbank AG in Frankfurt)

----

"BUBBLE OF BELIEF" IN CHINA ECONOMY SEEN BURSTING!

‘Bubble of Belief’ in China Economy Seen Bursting: Chart of Day - Bloomberg.com: "‘Bubble of Belief’ in China Economy Seen Bursting: Chart of Day"

VISA, AMEX CLASH WITH WAL-MART ON $48 BILLION CARD FEE!

Visa Clashes With Wal-Mart on $48 Billion Card Fee (Update1) - Bloomberg.com: "Visa Clashes With Wal-Mart on $48 Billion Card Fee (Update1)"

US ANNUAL INFLATION FALLS MOST IN 60 YEARS!

U.S. Economy: Consumer Costs Fall Most in Six Decades (Update1) - Bloomberg.com: "U.S. Economy: Consumer Costs Fall Most in Six Decades (Update1)"

FINANCE: OBAMA ANNONCE LA PLUS GRANDE RÉFORME DEPUIS LES ANNÉES 1930!

Finance : Obama annonce la plus grande r�forme depuis les ann�es 1930 - Am�riques - Le Monde.fr: "Finance : Obama annonce la plus grande r�forme depuis les ann�es 1930"

MÉXICO: ¿CÓMO VA HOY?..(Miércoles, junio 17, 2009)

MERCADOS MEXICANOS-�Qu�dicen los analistas? 17 de junio
| Titulares
| Reuters: "MERCADOS MEXICANOS-�Qu�dicen los analistas? 17 de junio"

OBAMA LAYS OUT "SWEEPING OVERHAUL" OF FINANCIAL RULES!

Obama Lays Out ‘Sweeping Overhaul’ of Financial Rules (Update3) - Bloomberg.com: "Obama Lays Out ‘Sweeping Overhaul’ of Financial Rules (Update3)"

FED GETS NO REQUESTS FOR 1st ROUND OF TALF LOANS TO BUY CMBS!

Fed Gets No Requests for First Round of TALF Loans to Buy CMBS - Bloomberg.com: "Fed Gets No Requests for First Round of TALF Loans to Buy CMBS"

UK DARLING SIGNALS LIMITED OVERHAUL OF BANK RULES!

Darling Signals Limited Overhaul of U.K. Bank Rules (Update1) - Bloomberg.com: "Darling Signals Limited Overhaul of U.K. Bank Rules (Update1)"

FED WEIGHS USING FOMC STATEMENT TO DAMP RATE-RISE SPECULATION!

Fed Weighs Using FOMC Statement to Damp Rate-Rise Speculation - Bloomberg.com: "Fed Weighs Using FOMC Statement to Damp Rate-Rise Speculation"

SWEDEN IS READY TO ACT "FORCEFULLY" ON LATVIA CRISIS, BORG SAYS!

Sweden Is Ready to Act ‘Forcefully’ on Latvia Crisis, Borg Says - Bloomberg.com: "Sweden Is Ready to Act ‘Forcefully’ on Latvia Crisis, Borg Says"

LE BRIC VEUT ÊTRE PLUS INFLUENT, ÉVITE LE SUJET DU DOLLAR!

Le BRIC veut �tre plus influent, �vite le sujet du dollar - Le Monde.fr: "Le BRIC veut �tre plus influent, �vite le sujet du dollar"

OBAMA VOWS TOUGHER WALL STREET REGULATION!

Obama Sees 10% Unemployment Rate, Chides Wall Street Critics - Bloomberg.com: "Obama Sees 10% Unemployment Rate, Chides Wall Street Critics"

mardi, juin 16, 2009

BRICs CALL FOR "GREATER VOICE" IN GLOBAL FINANCIAL INSTITUTIONS IN 1st (HISTORIC) SUMMIT!

BRICs Agree to Boost Global Clout at ‘Historic’ Russian Summit - Bloomberg.com: "BRICs Agree to Boost Global Clout at ‘Historic’ Russian Summit"

US HOUSING STARTS UP, FACTORY OUTPUT SINKS IN FRAGMENTED RECOVERY!

U.S. Economy: Housing Starts Up, Factory Output Sinks (Update1) - Bloomberg.com: "U.S. Economy: Housing Starts Up, Factory Output Sinks (Update1)"

FRANCE: NICOLAS SARKOZY PLAIDE POUR UN MONDE SOCIAL RÉGULÉ!

Nicolas Sarkozy plaide pour un monde social r�gul�- L'�conomie en crise - Le Monde.fr: "Nicolas Sarkozy plaide pour un monde social r�gul�"

MÉXICO: ¿CÓMO VA HOY?..(Martes, junio 16, 2009)

MERCADOS MEXICANOS-�Qu�dicen los analistas? 16 de junio
| Titulares
| Reuters: "MERCADOS MEXICANOS-�Qu�dicen los analistas? 16 de junio"

OBAMA SEES JOBLESS AT 10%, RECOVERY SOON!

Obama Sees U.S. Unemployment at 10% This Year, Recovery Soon - Bloomberg.com: "Obama Sees U.S. Unemployment at 10% This Year, Recovery Soon"

EUROPE: ECB SHOULDN'T RAISE RATES: NOWOTNY!

Nowotny Says ECB Must Focus on Reviving Economy (Update1) - Bloomberg.com: "Nowotny Says ECB Must Focus on Reviving Economy (Update1)"

EURO-AREA INFLATION FALLS TO ZERO!

Euro-Area Inflation Rate Falls to Zero on Retreating Oil Costs - Bloomberg.com: "Euro-Area Inflation Rate Falls to Zero on Retreating Oil Costs"

JAPAN RECOVERY MAY NOT BE SUSTAINED, SHIRAKAWA SAYS!

Shirakawa Says No Guarantee Japan Recovery Will Last (Update1) - Bloomberg.com: "Shirakawa Says No Guarantee Japan Recovery Will Last (Update1)"

LE DÉFICIT PUBLIC DE LA FRANCE DÉPASSERA PROBABLEMENT 6% DU PIB!

Le d�ficit 2009 d�passera probablement 6% du PIB, estime Woerth - Le Monde.fr: "Le d�ficit 2009 d�passera probablement 6% du PIB, estime Woerth"

JAPAN KEEPS RATE AT 0.1%, RECESSION EASING!

BOJ Says Japan’s Recession Easing, Holds Rate at 0.1% (Update3) - Bloomberg.com: "BOJ Says Japan’s Recession Easing, Holds Rate at 0.1% (Update3)"

lundi, juin 15, 2009

AMÉRICA LATINA ESPERA RECORTE DE TASAS ESTA SEMANA! ..(Agenda Lun 15 -- Vie 19, 2009)

A. Latina espera recortes de tasas y datos de ventas esta semana
| Titulares
| Reuters: "A. Latina espera recortes de tasas y datos de ventas esta semana"

LATVIA DEVALUATION WOULD CAUSE "SWIFT CONTAGION" IN THE BALTIC REGION, FITCH SAYS!

Latvia Devaluation Would Cause ‘Swift Contagion,’ Fitch Says - Bloomberg.com: "Latvia Devaluation Would Cause ‘Swift Contagion,’ Fitch Says"

LES BANQUES CENTRALES DOIVENT ASSUMER TOUTES LEURS RESPONSABILITÉS!

Les banques centrales doivent assumer toutes leurs responsabilit�s - L'�conomie en crise - Le Monde.fr: "Les banques centrales doivent assumer toutes leurs responsabilit�s"

MÉXICO: ¿CÓMO VA HOY?..(Lunes, junio 15, 2009)

MERCADOS MEXICANOS-�Qu�dicen los analistas? 15 de junio
| Titulares
| Reuters: "MERCADOS MEXICANOS-�Qu�dicen los analistas? 15 de junio"

INTERNATIONAL DEMAND FOR US ASSETS SLOWED IN APRIL!

International Demand for U.S. Assets Slowed in April (Update3) - Bloomberg.com: "International Demand for U.S. Assets Slowed in April (Update3)"

FED'S FISHER SAYS NO PLAN TO RAISE RATES IN THE IMMEDIATE FUTURE!

Fisher Says Fed Can’t Counter ‘Flood’ of Treasury Borrowing - Bloomberg.com: "Fisher Says Fed Can’t Counter ‘Flood’ of Treasury Borrowing"

EUROPE PAYROLLS CONTRACT BY RECORD AS RECESSION FORCES JOB CUTS!

Europe Payrolls Contract by Record as Recession Forces Job Cuts - Bloomberg.com: "Europe Payrolls Contract by Record as Recession Forces Job Cuts"

CHINA: FOREIGN DIRECT INVESTMENT TUMBLES ON CRISIS!

Foreign Direct Investment in China Tumbles on Crisis (Update1) - Bloomberg.com: "Foreign Direct Investment in China Tumbles on Crisis (Update1)"

US ECONOMY THIS WEEK...GULP! (Agenda II June 15 -- June 19, 2009)

Production Probably Fell, Housing Gained: U.S. Economy Preview - Bloomberg.com: "Production Probably Fell, Housing Gained: U.S. Economy Preview"

MÉXICO ESTA SEMANA....GULP! (Agenda junio 15 -- junio 19, 2009)

MERCADOS MEXICO-Bolsa podr�a subir; ojos en pol�tica monetaria
| Negocios
| Reuters: "MERCADOS MEXICO-Bolsa podr�a subir; ojos en pol�tica monetaria"

L'AGENDA MONDIALE DE LA SEMAINE...GULP! (JUIN 15 -- JUIN 19, 2009)

A suivre cette semaine, de nouvelles statistiques sur l'�conomie am�ricaine: "L'agenda de la semaine
A suivre cette semaine, de nouvelles statistiques sur l'�conomie am�ricaine"

WORLD CRISIS WEEKLY WRAP-UP III (June 08 – June 12, 2009)

(Update 1 of 3)

INTRODUCTION:

Last week's markets and analysts continued to be upbeat. Does the following data background correspond to this perception?

GOOD NEWS:

Economic Statistics are not as awful as they were only a few weeks ago. They are now only very, very bad. Is this reason enough to rejoice. Can we see the light at the end of the tunnel!

AMÉRICAS: United States: Retail Sales up on cars, gasoline! FED’s Beige Book found US recession may be moderating!; US recession may be ending by september: Nobel winner krugman said! US Treasury let 10 financials repay $68 b received under TARP (JPMorgan Chase, Goldman, Morgan Stanley and AMEX, but warned the banking industry crisis was not over yet. Citigroup was to convert $58 b of preferred stock to common equity. México: ¡Economy; The Worst is over, a domestic and respectable private institution (IMEF) said! EUROPE:United Kingdom: Lloyds repaid $3.8 b to Treasury. Recession shows signs of "bottoming out", a Bank of England said! Housing also showed some signs of "stabilizing"! Industrial production up 0.3% in April, 1st monthly increase in 14 months. Italy: Industrial Production up 1.1%.ASIA:Japan: “Unshakable” Trust in US treasuries, a Bank of Japan official said!; China: New lending doubled, Industrial Production Up; Fixed-asset investment surges 32.9%, countering a dramatic esports fall;South Korea kept rate at record-low of 2% on a stabilizing economy! GLOBAL ECONOMY, GEO-POLITICS, MARKETS AND NATURAL DISASTERS:GlobalEconomy: Bloomberg’s Global Confidence Survey up for 3th month on signs worst is over; BIS also said global slump may be easing! After a US court decision Fiat consolidated its Chrysler purchase. Commodities: Baltic Index on commodity shipping costs was the highest since September, meaning the world economic activity has picked-up, mostly on China's demand for iron ore, coal and grains.

BAD NEWS:

Some other respectful opinions (World Renown Economists and multilateral Institutions)and the next data were not that positive though and infer this crisis’ worst effects on people are just beginning to be felt with the corresponding social risks growing by the minute! What Do you Think?

AMÉRICAS: United States: Unemployment Rate up from 8.9% to 9.4% in May, though it was the smallest jobs reduction in 8 months. If it were to get to 10% it would considerably depress consumer spending and seriously undermine a mid-term solid recovery; US Budget Deficit was again a subject of great concern!; futures traders wrong on fed's rate cut bets? Obama said that recovery will take longer than previously estimated; Brazil: Lowered rate to 9.25%, more than expected on recession; GDP fell by 0.8% in 1st quarter leaving it 1.8% lower than a year earlier.EUROPE: European Union: Record low voters turnout: 43%. The “Left” did badly. Eurosceptics did well. Merkel, Sarkozy triumphed. European Comission President Barroso asked for another 5-year term. European Union Ministers rebuffed U.S. call to publish stress tests on the region’s banks; United Kingdom: Gordon Brown brushed aside critics and may survive until the next general election, before june 2010. Sweden: The European Central Bank lent it $4.2 b to avoid a meltdown in the Baltic Region by Latvia’s potential devaluation. Sweden’s industrial production fell by 2.1%;Euro-Zone: Member’s strained budget situation continued to cause heated polemic! Germany: Former East-Germany is resisting better the economic crisis than its western and richer counterpart. Germany’s April exports declined more than forecast and Industrial Production fell by 1.9%. France: Plan for a new 30-year bond as borrowing need rise! Industrial Production fell by 1.4%; Ireland: Its credit rating has been cut by S&P's for the 2nd time this year... ASIA: Japan: Economy shrank at record 14.2% on exports; machinery orders fell to a 22-year-low; China: Exports fell by record after global demand slumped; Consumer prices declined 1.4% in the year to May (deflation jitters);GLOBAL ECONOMY, GEO-POLITICS, MARKETS AND NATURAL DISASTERS:Global Economy; world GDP to fall to -2.5% in 2009, from around 4.5% in 2005, 2006, 2007 and 3% in 2008 (52 countries = 90 % of GDP); Arcandor, Germany’s retailing and tourism group, filed for insolvency after its goverment refused a bail-out. Airline Industry losses this year doubled to $9 b. KLM, asked its pilots to handle bags (luggage), to help it through the bad times with better client services.Commodities: Oil reached above $70 a barrel 1st time this year.Markets: The dollar hegemony was attacked from all sides! Amber light for global shares and risk markets after Markets rise this year (over-optimistic?); S&P's warned Asia their sovereign-debt ratings were at risk. It cut india and taiwan from “stable” to “negative” on heavy stimulus spending. Also lowered it for Ireland, again. The World Bank Lowered its Global Growth Estimate; BRIC countries want to get in big leagues through dollar selling strategy! The world economic outlook "looks bad"! Geo-Politics: The UN Security Council prepared tougher sanctions on North Korea after nuclear testing and several missiles launched. IAEA found uranium traces in Syria, which denies nuclear programme. Iran’s uranium production expanded. Natural Disasters: Swine Flu finally declared a "pandemic"!

CONCLUSION:

It does not help to the world economic stability athreatening attitude of “nuclear weapons-state-to-become-and-missiles-launching-crazy” North Korea. Also the“swine flu” pandemicmenace touching national health systems, global trade and tourism at a time of generalized bloated budgets. Global Industries(cars, airlines, etc) are in for a tough ride, too!---

Sorry but last week's extremely negative news continued to overwhelm the very few positive ones.----

J CNN

FMI: LE PIRE DE LA CRISE PEUT-ÊTRE ENCORE À VENIR, SELON STRAUSS-KAHN!

Le pire de la crise peut-�tre encore �venir, selon Strauss-Kahn - Le Monde.fr: "Le pire de la crise peut-�tre encore �venir, selon Strauss-Kahn"

WORLD ECONOMY THIS WEEK....GULP!.. (Agenda Jun 15 -- Jun 19, 2009)

World Economic Agenda::

AHEAD OF THE CURVE!

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

(June 15 -- June 19, 2009)---Outstanding Events That May Move Global Financial Markets:

WORLD MARKETS-----; ----Dollar Recovery, Possible?, ----Oil, Gasoline and Food Prices---NORTH AMÉRICA: ***United States: New York Empire Manufacturing (15); Total Net TIC Flows (15); FED's Evans Speaks (15); Housing Market Index (15); Housing Starts (16); Building Permits (16); ABC Consumer Confidence (16); Producer Inflation (16);Industrial Production (16);FED's Bernanke Speaks (17); MBA Mortgage Applications (17); Inflation (17);Current Account(17); EIA Oil Report (17); Leading Indicators (18); Philadelphia FED Survey (18); ; México; Actividad Industrial(17); Oferta y Demanda de Bienes y Servicios --Trimestral--(19); ; Canada; Leading Indicators (17); Consumer Inflation (18); EUROPE; EU 25 New Car Registrations (16); ; Britain: Inflation(16); Bank of England Minutes (17); Unemployment Rate (17); Retail Sales (18); Public Finances (18);Switzerland; Retail Sales (17); Economic Forecasts (17); Swiss National Bank Rate Decision (18); ; Euro-Zone: Economic Sentiment (16); Inflation (16); Trade Balance (17); ; France: Non-Farm Payrolls (19); ; Germany: Economic Sentiment (16); Current Situation (16); Producer Inflation (19); ; Italy:Inflation (16); Unemployment Rate (18); ; ---ASIA, PACIFIC:---Japan: BoJ Target Rate (15); BoJ Monetary Policy Meeting (15); BoJ Monthly Report (17); Machine Tool Orders (17); BoJMonetary Policy Decision Minutes (18); ; Australia; RBA Board June Minutes (16); Leading Index (17); ; --New Zealand: Services (Sunday 14); Manufacturing (Sunday 14); ----: ;----

---OUTSTANDING--- :

World: ... Swine Flu...Global Impact(Pandemic): ---- North Korea: Missile Crazy?;Latvia: Devaluation a big possibility? Could it unsettle other economies in the region?----BRIC Leaders (Brazil, Russia, India and China) gather on Tuesday 16 in Russia to influence more the global economy! Financial Regulation;Financial Regulation Announcements in the United States and United Kingdom on Wednesday and in the European Union on Thursday 18, Friday 19.

SUNDAY 14:

New Zealand: Services; Manufacturing

MONDAY 15:

United States: Total Net TIC Flows; FED's Evans Speaks; ;

Japan: Bank of Japan Target Rate & Monetary Policy Meeting ;

TUESDAY 16:

United States: Producer Inflation; Industrial Production; Housing Starts

Euro-Zone: Economic Sentiment; Inflation

Germany: Economic Sentiment; Current Situation;

United Kingdom: Inflation;;

Italy: Inflation

Australia: Reserve Bank of Australia Rate Decision Minutes;

WEDNESDAY 17:

United States: FED's Bernanke Speaks; Consumer Inflation; Current Account

Euro-Zone: Trade Balance

United Kingdom: Unemployment Rate; Bank of Englad Rate Decision Minutes ;

México: Actividad Industrial;

THURSDAY 18:

United States: Leading Indicators;

Euro-Zone: Inflation ;

Japan: Bank of Japan Rate Decision Minutes;

United Kingdom: Public Finances; Retail Sales

Switzerland: Swiss National Bank Rate Decison

Italy: Unemployment Rate

FRIDAY 19:

Germany: Producer Inflation;

France: Non-Farm Payrolls

México: Oferta y Demanda de Bienes y Servicios (Trimestral);

SATURDAY 20:

SUNDAY 21:

DOLLAR HAS NO RIVAL AS WORLD CURRENCY!

Russia’s Kudrin Signals No Alternative to Dollar Global Status - Bloomberg.com: "Russia’s Kudrin Signals No Alternative to Dollar Global Status"

dimanche, juin 14, 2009

MÉXICO: REFORMA FISCAL ..¡YA!

MÉXICO: REFORMA FISCAL ¡YA!

I.V.A. a alimentos y medicinas. Subsidios en estos mismos rubros a
las clases más necesitadas. El congreso mexicano tendrá que considerar
seriamente esta difícil decisión en el próximo período de sesiones. El
tiempo se agota. Evitar el castigo de los mercados financieros
internacionales con otra crisis económica como le 1994-1996 debe ser
la máxima prioridad tanto para el gobierno como para los legisladores.

J CNN

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MI "BLOG": LA CRISIS MUNDIAL: ¿QUÉ OCURRE HOY?
Haga click en el siguiente enlace ("link") o cópielo tal cual en su navegador
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http://theweeklyglobalinvestor.blogspot.com
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¡Ce que nous dénommons vérité n'est qu'une élimination d'erreurs!
Georges Clemenceau

PEÑA NIETO: ¿PRESIDENTE?

PROS:

Se le nota sincero y energético. Trabaja mucho y no rehuye a los
problemas políticos inherentes a la mejoría de la infraestructura del
Estado de México.

OBJECIONES:

Está inmerso en un sistema autocrático que lleva generaciones. Desde
dentro resultaría, con la mejor de las voluntades, décadas
deshacerlo.

J CNN

EBRARD: ¿PRESIDENTE?

EBRARD: ¿ PRESIDENTE?

PROS:

Ha contribuido de manera decidida y eficaz a mejorar la Cd. de México.
No ha vacilado en implantar e implementar un mayor respeto a los
derechos humanos.

Objeciones:

Sigue siendo rehén de intereses mezquinos de algunos miembros del PRD.
No parece tener la habilidad suficiente para deslindarse de esta
gente.

J CNN

MÉXICO: ¿QUIÉN PARA PRESIDENTE?

EBRARD: ¿ PRESIDENTE?

PROS:

Ha contribuido de manera decidida y eficaz a mejorar la Cd. de México.
No ha vacilado en implantar e implementar un mayor respeto a los
derechos humanos.

Objeciones:

Sigue siendo rehén de intereses mezquinos de algunos miembros del PRD.
No parece tener la habilidad suficiente para deslindarse de esta
gente.

J CNN

PEÑA NIETO: ¿PRESIDENTE?

PROS:

Se le nota sincero y energético. Trabaja mucho y no rehuye a los
problemas políticos inherentes a la mejoría de la infraestructura del
Estado de México.

OBJECIONES:

Está inmerso en un sistema autocrático que lleva generaciones. Desde
dentro resultaría, con la mejor de las voluntades décadas deshacerlo.

J CNN

MÉXICO: ¡VOTAR O NO VOTAR, ESA ES LA CUESTIÓN!

Existir o no existir políticamente en México. Yo creo que debemos
asumir nuestra responsabilidad sobre las debilidades de nuestro
sistema democrático y tratar de mejorarlo con una visión de largo
plazo. La democracia en EU lleva perfeccionándose desde hace más de
200 años. Nosotros apenas 6 (sin tomar en cuenta los 30 previos
preparatorios para la alternancia de Fox). Si no votamos el voto duro
será indudablemente para el PRI. Preferiría que si va a ganar el
tradicional partido en el poder lo hiciera de la manera correcta, es
decir con votos conscientes y no por una inercia de décadas. Yo escojo
votar y por lo mismo existir de manera constructiva y con las reglas
legales vigentes, en el desarrollo democrático de México.

J CNN

MÉXICO: ¡VOTAR O NO VOTAR, ESA ES LA CUESTIÓN!

J CNN

DOW INDUSTRIAL AVERAGE ERASES 2009 DECLINE ON ECONOMIC RECOVERY!

Dow Industrial Average Erases 2009 Decline on Economic Recovery - Bloomberg.com: "Dow Industrial Average Erases 2009 Decline on Economic Recovery"

WORLD CRISIS WEEKLY WRAP-UP II (June 08 – June 12, 2009)

(Update 1 of 3)

INTRODUCTION:

Last week's markets and analysts continued to be upbeat. Does the following data background correspond to this perception?

GOOD NEWS:

Economic Statistics are not as awful as they were only a few weeks ago. They are now only very, very bad. Is this reason enough to rejoice. Can we see the light at the end of the tunnel!

AMÉRICAS: United States: Retail Sales up on cars, gasoline! FED’s Beige Book found US recession may be moderating!; US recession may be ending by september: Nobel winner krugman said! US Treasury let 10 financials repay $68 b received under TARP (JPMorgan Chase, Goldman, Morgan Stanley and AMEX, but warned the banking industry crisis was not over yet. Citigroup was to convert $58 b of preferred stock to common equity. México: ¡Economy; The Worst is over, a domestic and respectable private institution (IMEF) said! EUROPE:United Kingdom: Lloyds repaid $3.8 b to Treasury. Recession shows signs of "bottoming out", a Bank of England said! Housing also showed some signs of "stabilizing"! Industrial production up 0.3% in April, 1st monthly increase in 14 months. Italy: Industrial Production up 1.1%.ASIA:Japan: “Unshakable” Trust in US treasuries, a Bank of Japan official said!; China: New lending doubled, Industrial Production Up; Fixed-asset investment surges 32.9%, countering a dramatic esports fall; South Korea kept rate at record-low of 2% on a stabilizing economy! GLOBAL ECONOMY, GEO-POLITICS, MARKETS AND NATURAL DISASTERS: GlobalEconomy: Bloomberg’s Global Confidence Survey up for 3th month on signs worst is over; BIS also said global slump may be easing! After a US court decision Fiat consolidated its Chrysler purchase. Commodities: Baltic Index on commodity shipping costs was the highest since September, meaning the world economic activity has picked-up, mostly on China's demand for iron ore, coal and grains.

BAD NEWS:

AMÉRICAS: United States: Unemployment Rate up from 8.9% to 9.4% in May, though it was the smallest jobs reduction in 8 months. If it were to get to 10% it would considerably depress consumer spending and seriously undermine a mid-term solid recovery; US Budget Deficit was again a subject of great concern!; futures traders wrong on fed's rate cut bets? Obama said that recovery will take longer than previously estimated; Brazil: Lowered rate to 9.25%, more than expected on recession; GDP fell by 0.8% in 1st quarter leaving it 1.8% lower than a year earlier.EUROPE: European Union: Record low voters turnout: 43%. The “Left” did badly. Eurosceptics did well. Merkel, Sarkozy triumphed. European Comission President Barroso asked for another 5-year term. European Union Ministers rebuffed U.S. call to publish stress tests on the region’s banks; United Kingdom: Gordon Brown brushed aside critics and may survive until the next general election, before june 2010. Sweden: The European Central Bank lent it $4.2 b to avoid a meltdown in the Baltic Region by Latvia’s potential devaluation. Sweden’s industrial production fell by 2.1%;Euro-Zone: Member’s strained budget situation continued to cause heated polemic! Germany: Former East-Germany is resisting better the economic crisis than its western and richer counterpart. Germany’s April exports declined more than forecast and Industrial Production fell by 1.9%. France: Plan for a new 30-year bond as borrowing need rise! Industrial Production fell by 1.4%; Ireland: Its credit rating has been cut by S&P's for the 2nd time this year... ASIA: Japan: Economy shrank at record 14.2% on exports; machinery orders fell to a 22-year-low; China: Exports fell by record after global demand slumped; Consumer prices declined 1.4% in the year to May (deflation jitters);GLOBAL ECONOMY, GEO-POLITICS, MARKETS AND NATURAL DISASTERS:Global Economy; world GDP to fall to -2.5% in 2009, from around 4.5% in 2005, 2006, 2007 and 3% in 2008 (52 countries = 90 % of GDP); Arcandor, Germany’s retailing and tourism group, filed for insolvency after its goverment refused a bail-out. Airline Industry losses this year doubled to $9 b. KLM, asked its pilots to handle bags (luggage), to help it through the bad times with better client services. Commodities: Oil reached above $70 a barrel 1st time this year.Markets: The dollar hegemony was attacked from all sides! Amber light for global shares and risk markets after Markets rise this year (over-optimistic?); S&P's warned Asia their sovereign-debt ratings were at risk. It cut india and taiwan from “stable” to “negative” on heavy stimulus spending. Also lowered it for Ireland, again. The World Bank Lowered its Global Growth Estimate; BRIC countries want to get in big leagues through dollar selling strategy! The world economic outlook "looks bad"! Geo-Politics: The UN Security Council prepared tougher sanctions on North Korea after nuclear testing and several missiles launched. IAEA found uranium traces in Syria, which denies nuclear programme. Iran’s uranium production expanded. Natural Disasters: Swine Flu finally declared a "pandemic"!

CONCLUSION:

It does not help to the world economic stability a threatening attitude of “nuclear weapons-state-to-become-and-missiles-launching-crazy” North Korea. Also the“swine flu” pandemicmenace touching national health systems, global trade and tourism at a time of generalized bloated budgets. Global Industries (cars, airlines, etc) are in for a tough ride, too!---

Sorry but last week's extremely negative news continued to overwhelm the very few positive ones.----

J CNN

samedi, juin 20, 2009

vendredi, juin 19, 2009

jeudi, juin 18, 2009

mercredi, juin 17, 2009

mardi, juin 16, 2009

lundi, juin 15, 2009

World Economic Agenda::

dimanche, juin 14, 2009

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