Public needs more info on IMF, says US economist Posted on July 15, 2009July 17, 2009 by Your Financial FactSheet Jamaica Observer: “Public needs more info on IMF, says US economist” A US economist has argued that the Jamaican government needs to feed the public with more information on the implications of its return to the International Monetary Fund (IMF). Jamaica Gleaner: “Negotiation by video – BOJ governor says fully engaged in IMF talks, has no plans to quit” Bank of Jamaica Derick Latibeaudiere on Tuesday rejected as “laughable” thinly veiled suggestions that his absence from talks under way in Washington with the International Monetary Fund (IMF) was indicative of any sort of rift with the administration… Federal Reserve: “Minutes of the Federal Open Market Committee”
When The Time is Right Posted on July 5, 2009August 8, 2009 by Your Financial FactSheet Jamaica Observer: “When the time is right” The economic downturn that began last year has played havoc with the investment portfolios of many people and institutions. The values of both stocks and bonds have fallen significantly and it seemed as if the world was heading into not just a recession but possibly into a depression. Jamaica Observer: “Green shoots will be purely due to government spending – Curtin” Professor Richard Curtin, director of the University of Michigan’s famed US consumer confidence index, believes that there are “green shoots” (to use an old phrase that Federal Reserve Chairman Bernanke has made popular once again), “reflecting the basic recognition that the worst of the crisis was during the last quarter of last year and the first quarter of this year”.
New Regulation Rules: Their Impact on You Posted on July 3, 2009July 3, 2009 by Your Financial FactSheet SmartMoney: “New Regulation Rules: Their Impact on You” President Obama’s sweeping pROPOSAL to overhaul the financial regulatory landscape is perhaps the most comprehensive and ambitious plan in 76 years — ever since FDR’s New Deal ushered in the Securities and Exchange Commission, among other institutions and rules. Jamaica Observer: “Jamaica’s IFC will not operate as a tax haven – Shaw” Minister of Finance, Audley Shaw, has assured Parliament that Jamaica will not earn the reputation of a tax haven, when the proposed International Financial Centre (IFC) is established in downtown Kingston.
Markets Stumble on World Bank Pessimism Posted on June 23, 2009 by Your Financial FactSheet Jamaica Gleaner: Markets stumble on World Bank pessimism Global stock markets slid Monday alongside oil prices as the more optimistic investors reined in their expectations for the global economy after the World Bank warned that the downturn would be deeper than it previously predicted.