Ukraine Hryvnia Drops 15% in 2 Days; Half of Loans May Default
Dec. 18 (Bloomberg) — Ukraine’s hryvnia plunged 15 percent in two days to a record low against the dollar after a government official said the weakening currency may trigger defaults on more than half of loans.

The currency fell 3.8 percent to 9.3000 per dollar at 9:51 a.m. in Kiev, adding to a drop of 11.2 percent yesterday and 44 percent this year. An exchange rate near 9 per dollar means 60 percent of foreign-currency loans and mortgages may not be repaid, Roman Zhukovskyi, head of the social and economic department in President Viktor Yushchenko’s office, said in a televised press conference in Kiev last yesterday.

Ukraine got a $16.5 billion bailout from the International Monetary Fund last month to stave off defaults on the ex-Soviet nation’s $80 billion of corporate debt and $20 billion owed by the state. Industrial production fell at a record 28.6 percent in November as steel, machine building and oil refining slumped, following a 19.8 decline in October, the Ukrainian Statistics Office said last week.

“Ukraine is paying the price for over-dependence on metals, too much external borrowing by households and corporates and a weak political and policy environment,” said Timothy Ash, head of central Europe, Middle East and Africa research at Royal Bank of Scotland Group Plc in London. “A weaker currency should allow the current account deficit to contract, and the lack of official foreign-exchange reserves suggests significant restructuring of corporate level external liabilities.”

http://www.marketwatch.com/news/story/Saxo-Bank-Predicts-2009-Will/story.aspx?guid=%7B03F20900-739D-4097-96A1-47B40C35ECFD%7D

Mogu se i ja tako reklamirati, rekao sam ja da će biti i bilo je. SAXO banka, tko trguje FOREX-om zna da vrše prevaru prilikom trgovanja kod prodaje deviza. Vjerojatno, vrlo manipulativna banka.

British Nov. retail sales post unexpected rise
By William L. Watts
Last update: 4:41 a.m. EST Dec. 18, 2008
LONDON (MarketWatch) — British retail sales volume rose an unexpected 0.3% in November, for a gain of 1.5% compared to the same month last year, the Office for National Statistics reported Thursday. Market expectations were for a 0.7% monthly decline and a 0.9% annual rise. In the September-to-November period, seasonally-adjusted sales rose by 0.5% from the previous three months. The ONS noted, however, that non-specialized stores, which includes department stores, saw sales fall to their lowest level since current records began in 1986.

Ljudi šta mislite dal je ovaj oporavak standardna predbožićna šoping euforija ili naznaka trenda u sljedećoj godini. Sjećam se dobro oporavka prošle godine, pa onda strmoglavljenje i rasprodaja u siječnju?!

Japanci su osjetljivi na jacanje svoje valute. Sad su rdje amerikanci srusili dolar, pa su malo konkurentniji Japanu glede izvoza. Ali sad ce i Japan i EU vjerovatno pozurit napravit isto. [cool]
[/quote]

Tako je, a mi smo van konkurencije što se tiče izvoza pa to nećemo napraviti.
[/quote]

Evo, nismo dugo cekali:

http://www.bloomberg.com/apps/news?pid=20601087&sid=asxZOeckW5kc&refer=home

"Dec. 18 (Bloomberg) — The yen weakened from near a 13-year high against the dollar and tumbled versus the euro after Japanese officials signaled they may intervene in the foreign- exchange market for the first time in four years.

Finance Minister Shoichi Nakagawa told reporters in Tokyo he is “keenly watching” currency markets and has “the means” to limit the yen’s advance. The dollar fell to an 11-week low against the euro on speculation the Federal Reserve’s near-zero interest rate policy will reduce the appeal of U.S. assets. The pound tumbled to a record low against the euro for a ninth day.
…"

[yawn]

Božićna rasprodaja, -50%. Znaš da je u tim vremenima veliki shopping. [thumbsup]

Jobless Claims Fell by 21,000 Last Week

The number of U.S. workers filing new claims for jobless benefits fell more than expected last week, moderating from a 26-year high touched the previous week, Labor Department data showed on Thursday.

Despite the decline, jobless claims remain exceptionally high, and are more than 200,000 higher than a year ago.

Initial claims for state unemployment insurance benefits fell 21,000, to a seasonally adjusted 554,000 in the week ended Dec. 13 from an upwardly revised 575,000 the previous week.

State offices were closed for at least one day near the end of November because of the Thanksgiving holiday, distorting the holiday week and the following week’s numbers.

A Labor Department official said there were no special factors influencing the report. Analysts polled by Reuters had forecast 558,000 new claims versus a previously reported figure of 573,000 the week before.

Futuresi rastu.

Chrysler shuts down all production

NEW YORK (CNNMoney.com) — "Chrysler LLC announced late Wednesday that it is stopping all vehicle production in the United States for at least a month.
All 30 of the carmaker’s plants will close after the last shift on Friday, and employees will not be asked to return to work before Jan. 19.
Chrysler blamed the "continued lack of consumer credit for the American car buyer" for the slow-down in sales that forced the move."

E,da,ne zaboravimo i rekordno niski Treasury yield .
Kako bi to moglo utjecati na dolar?

[bye]

Atenšn,atenšn,holidej šopers!

Bush considering "orderly" auto bankruptcy[/u]

WASHINGTON – The Bush administration is seriously considering "orderly" bankruptcy as a way of dealing with the desperately ailing U.S. auto industry.
White House press secretary Dana Perino said Thursday, "There’s an orderly way to do bankruptcies that provides for more of a soft landing. I think that’s what we would be talking about."

Gudbaj
[bye]

Gudbaj bude kada se razotkrije još SEC-ovih propusta.
Madof je samo početak.
Imali su kontrole i dojave o mogućoj prijevari.
Došli su u fond i ništa pronašli!?
Koliko takvih prijevara isplivava u budućnosti??
Govori se o 50 mlrd dolara gubitaka.
Još se svi oštečeni nisu javili koliko vidim.

Ovo mi se uopće ne sviđa, ameri su dosta u crvenom, brodari isto…znaći sutra ujutro če futuresi biti preko 1% zaleni i opet ništa od započete korekcije[angry]

p.s.
Po slikici, ili po domaći avataru, daje se naslutiti da si je ententinis riješio-la krizu likvidnosti [lol]