Latin America hopes Obama can build economic, political bridges Posted on January 13, 2009January 13, 2009 by Your Financial FactSheet Mozee, MarketWatch Beset by a collapsing global economy, Latin America has high hopes President-elect Barack Obama will use his renowned political energy to strengthen the U.S. relationship with the region which is looking to tie up loose ends from the Bush administration and find solutions to lingering economic and social issues. Isidore, CNNMoney.com– “Bernanke suggests banks will need more help to fix economy” Federal Reserve Chairman Ben Bernanke said Tuesday that President-elect Barack Obama’s proposed fiscal stimulus package could help the economy, but he added that additional bailouts of financial institutions may also be needed to bring about a sustained economic recovery.
Jamaican Dollar Holds Up Well Compared to Other Leading Currencies Posted on January 9, 2009January 16, 2009 by Your Financial FactSheet Jamaica Observer: The devaluation of the Jamaican dollar has been a cause of concern and many businesses have had to recalibrate their enterprises, passing on increases to customers. However, compared to many other currencies, the Jamaican dollar has stood up relatively well. AP: “A Look at Economic Developments Around the World” A look at economic developments and activity in stock markets around the world Friday Levine, “Treasurys End the Week on a High Note After Jobs Report” MarketWatch: Treasury prices headed higher Friday, led by gains in short-term debt, after the Labor Department said the U.S. economy lost 524,000 jobs in December while the unemployment rate rose to the highest since 1993.
The Case for Fixing the Economy by Doing Nothing Posted on January 8, 2009January 9, 2009 by Your Financial FactSheet Isidore, CNNMoney.com: Congress will soon debate what kind of economic stimulus package should be passed, but some economists are increasingly wondering whether it’s a good idea to approve any stimulus at all.
Fed Faces Tough Task Ending Emergency Support Posted on January 7, 2009January 9, 2009 by Your Financial FactSheet Cooke, New York (Reuters): When U.S. central bankers eventually move to wean markets off the emergency support put in place to rescue the economy, they will face the difficult and delicate task of timing it right. If they wait too long, they risk sky-high inflation or another asset bubble. If they move too fast, they risk undermining any incipient economic recovery.