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Economists: U.S. employment in free fall

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No job for you today my friend…
Almost 600,000 Americans lost jobs in January. The depressing figures, the second biggest jump in the number of unemployed in a month to paint a picture of a U.S. employment in free fall, said economists.

Tough conditions
The soft labor market is a mirror image of the economy’s overall condition, there is still catastrophically low, says the finding by the chief Jacob pond from Sydbank. “Economic growth is strongly negative and the mood of both consumers and businesses are at the lowest levels in decades. The large decline in employment makes a quick turnaround in the economy quite unlikely,” says Jacob pond in a comment. read more aboute the loosing of jobs in the US

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februar 8th, 2009 at 8:55 pm

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U.S. aid package to a vote Tuesday

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Signs of crisis – again
The U.S. economy back on track – and it should preferably be in a certain speed. The American economy is still suffering the tough financial situation, which is bardering the reat of the world aswell.
Will it get passed in the Senate?
An aid package of 780 billion. It is reported that 58 per cent. of the many billions be spent on public investment and 42 per cent. to tax relief.
Tax relief shall make the wheels of the US start running
“There is one winner tonight. It is the American people – and they deserve it,” said Senator Joe Lieberman to CNN last night.U.S. dollars (4.542 billion kroner.) to make the difference, and according to CNN’s information must be voted on the aid package on Tuesday. read more aboute the aid package here

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februar 7th, 2009 at 5:01 pm

The rubel degraded once again

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Another round of degrading

Yet another rating agency has swung the wip over Russia, lowering the rating of the country’s finances. This is the second time in a short while that a rating agency has lowered the rating of Russia’s finances. Russia is the only menber of the G8-club, that has experienced that the rating was influenced negativly by the financial crises.

The foreign currency reserve has shrunk

It is the rating agency Fitch who this time has lowered the rating, but as mentioned, they are not the first to rate the country negatively, as the rating agency Standard & Poors did so aswell in december. read more aboute the negative rating of the rubel here

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februar 4th, 2009 at 8:32 pm

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Key numbers from the US lifts the stockmarket

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Bad news…

For a long time there has been nothing but bad news, bad news but all of a sudden there is good news. The latest key numbers from the US has managed to lift the stock market. This positive news was needed, as it arrived this afternoon, as a rapport showed that the numbers of production rose more than expected.

The ISM-index

The so-called ISM-index went up from 32,9 in december till 35,6. The financial expert had only expected a rise till 32,5, which was marginal in comparason to the 32,4, which the numbers of december ISM-index was estimated to. read more aboute the ISM-index here

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februar 2nd, 2009 at 9:23 pm

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Will Obama’s package go through?

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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

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januar 28th, 2009 at 9:01 pm

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Obama’s new finance package

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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

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januar 25th, 2009 at 9:45 pm

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Joining the euro makes interests go down

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januar 22nd, 2009 at 9:43 pm

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The russian rubel is devalueating

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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

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januar 15th, 2009 at 10:14 pm

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Beige Book

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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

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januar 14th, 2009 at 9:34 pm

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The american balance of trade better than expected

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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

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januar 13th, 2009 at 9:39 pm

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