US Corporate bonds – Are there opportunities here? Posted on May 11, 2009 by Your Financial FactSheet Jamaica Observer: “US Corporate bonds – Are there opportunities here?” The financial crisis and the sharp downturn in the US economy have created very high levels of volatility in the financial markets as liquidity has dried up and uncertainty has risen to unprecedented levels.
BOJ opens forex window for public companies; Other top stories today Posted on February 20, 2009February 20, 2009 by Your Financial FactSheet Jamaica Gleaner: The Jamaican central bank has undertaken to supply key state-owned companies with their foreign currency requirements in what the bank’s governor, Derick Latibeaudiere, says is a temporary move to help ease a demand scramble on the foreign exchange market and pressure on the Jamaican dollar. Jamaica Observer: “Caribbean needs debt relief” – Davies Caricom should approach the West including US president Barack Obama for debt relief and extended lines of credit at a regional summit in Trinidad and Tobago (T&T) in April, said opposition finance minister Dr Omar Davies. It is not begging, said Davies but rather a set of demands to secure the region’s best defence against the worst economic crisis since the 30s. Jamaica Observer: “Why does Jamaica continue with a high interest rate regime?” At his most recent quarterly press briefing on Wednesday, Central Bank Governor Derick Latibaudiere stated that whilst he fully understood people’s concerns about the current high level of interest rates, the fundamental issue was that there was a disequilibrium in Jamaica’s foreign exchange market due to lower supply and greater demand. Jamaica Observer: “Jamaica would be in deeper crisis without multilateral funding-Shaw” Finance Minister Audley Shaw has said that the country would have been in much deeper economic problems today if the Government had not sourced just under US$1-billion in low cost funding from multilateral financial institutions over the past year.
The International Investment Outlook for 2009 Posted on January 19, 2009 by Your Financial FactSheet Jamaica Observer: For most investors 2008 was a horrible year. Most of the damage could have been avoided, however, if only investors had understood the extreme severity of the financial crisis, and that the US had fallen into recession at the beginning of 2008,.. At the beginning of 2009, a similar focus on the US economy and financial crisis is still necessary to avoid further severe damage to investor portfolios, both in Jamaica and the US
When Will This Recession Finally End? Posted on January 2, 2009January 9, 2009 by Your Financial FactSheet Luskin, SmartMoney: “I have a lot of institutional clients who take very seriously the idea that this recession could be permanent. In their minds, it could turn out to be more like a depression. Even when we pull out of the worst of it, we’ll be stuck with year after year of slow growth.”