Signalpost

The package

President Obama has taken steps to safe American economy. He wants to pass a financial package with a value of 825 billion $, that is supposed to safe the American economy. The wolrd’s biggest economy is in knees, and it needs a magic touch to get back on a stedy course.

Will it get passed?

Obama is dependent on the support of the house of repræsentatives. Obama does himself believe that the bill will get passed, and one could wonder if any member of the Rebublic party would dare not to support this bill. I mean, who wants to be the one, who caused that the American economy to not get back on its feet. read more aboute Obamas financial package here

Dark times

There os no doubt that the US has gone through some tough times lately, experiencing that thousands have lost their jobs making them unable to make a living for themselves and their families. This is also why Barack Obama today promised make a difference by introducing his financial pacakage.

The package

Obama’s package is going to create new jobs and to inprove the healthcare system. Obama did today give his first radio spech as the american President, and he pledged the american people to support his gigantic conjecture package reaching 825 billion dollars. Obama needs the support of the population to carry this plan through – and he knows it. read more aboute the Obamas financial package here

Bad news

It is no longer a good time for russian economy and this is showing through devaluation of the russian valuta – the rubel – that these past month has falling drasticly. Russia can however take a look at the economies in the rest of the world, where the likely situations are taking place.

Down by one fifth

Today the rubel went to a new lowpoint reaching the lowest value toward the euro and dollar since the breakdown of the Sovjet Union. A euro costed today 42,55 rubels while a dollar costed 32,24 rubles. This means that the rubel has lost one fifth in value since the financial crisis started for real in august last year. read more aboute the devaluation of the rubel here

States the evil financial spiral

More or less all the twelve federal reserve districtsn in the US have experienced that the financial situation has gotten even whorse in december. The bad guys in this contet is according to the repport the dried out loaning market combined with a drop in detail sales.

Bad news – once agian!

The Beige Book rapport from the departments of the American central Bank do eight times a year take the temperatur of the American economy. This year the reading of the rapport has – not surprisingly – been very depressing. read more aboute the Beige Book rapport here

Positive news

The deficit on the balance of trade was smaller than it was first expected in november. Whereas experts were expecting that the deficit would approch minus 51 billion dollar, but the good news is that the latest numbers shows that it actually is minus 40,4 billion dollard.

Small light

In october the deficit approched  minus 56,7 billion dollars. With the lastes decrease we now have the greatest fluctuations in 12 month. This could be seen as really good news, as this has been giving the stock market a small boost up. The american dollar has also experienced being stronger compared to other valutas. read more aboute the american balance of trade here

EU nterference

Just the other day Obama encouraged the nations all over the world to stabilize the financial system with government loans if neccesary. Now questions are being raised as to wether it is consistent with the rules of the EU to give this kind of support.

Banks in need

It is consistent with the EU rules to give money to banks in need, when the money are given as part of a general rescue or restructoring package. It is then ok to support banks that has suffered losses, but to the loss-suffering is a must. read more aboute the bank support packages all over EU

The latest job numbers did the trick

The oilprices are now under 40 dollar as the latest numbers from the jobmarket hit the streets today at 2.30 pm. The price on a barrel of WTI-oil fell by 4,8 percent reaching 39,70 dollar a barrel. This is the lowest prices on oli for a while. And this despite the gaz crisis in Eastern Europe.

Expected unemploymentrate

The american jobmarket report from december showed that the unemploymentrate had raised to 7,2 percent, which was much higher than the expected 7,0 percent. read more aboute the falling oli prices here

Rumors

The last month or so there has been rumors going around, that Steve Jobs might be pulling out of the concern due to serious illness. Apple has so fare been unvillingly to comment on the rumor. Most rumors belive that Jobs is sick with canser, making him unable to work.

No show

The fact the Jobs did not show up to the conferrence aboute Mac X-pro has not done anything to slow the speculations down. It took everyone by surprise that he did not show up, and Apple had not informed aboute this in advace. read more aboute Steve Jobs and Apple here

Passing bank supporting legislation

All over the world governments have been passing legislation that puts out a safetynet under the banking world, to ensure that customers do not pull out all their money.

The question of ideologies?

In many countries there has also been multiple discussions as to wether it is correst to support the banking world – seen from an ideology point of view. However many governments – especially liberal governments – have seen themselves in a situation where they had to act agianst their ideologies to secure the national economy. read more aboute the support to the banking system