World Stock Markets Surged on Obama’s Spending Plans Posted on December 9, 2008December 13, 2008 by Your Financial FactSheet Jamaica Gleaner: World stock markets surged on hopes that the incoming Obama Administration will enact one of the biggest fiscal boost in the history of the U.S.A, in an attempt to limit the length and depth of the recession.
Top Stories: BOJ and Other Central Banks’ Strategies – Worlds Apart Posted on December 4, 2008December 13, 2008 by Your Financial FactSheet BOJ and other central banks’ strategies: worlds apart Jamaica Gleaner:- As BOJ increases interest rates, central banks elsewhere are moving rates in the opposite direction as part of efforts to deal with the global financial crisis. Roubini: “2009 Recession Will Be Severe: There is a Global Deflationary Risk” Tech Ticker, Yahoo Finance:- There is a global deflationary risk, which is what central banks are worried about. Today, the ECB and BOE cut interest rates by greater than expected levels…
Top Stories: Jamaica Likely Most Hit by Credit Crisis Posted on December 3, 2008December 13, 2008 by Your Financial FactSheet Washington (AP), “FED: Economy darkens heading into holidays” Washington (AP):-The country’s economic picture has darkened further as Americans hunkered down heading into the holidays, forcing retailers to ring up fewer sales and factories to cut back on production. The Federal Reserve’s new snapshot of business conditions nationwide, released Wednesday, suggested the economy was sinking deeper into recession. CariCRIS: “Jamaica likely most hit by credit crisis” Jamaica Gleaner :- No country within the Caribbean will be immune from impact, or escape contagion, the regional rating agency said, adding that Jamaica is likely to be most affected.