World Bank worried about rising interest rates could trigger rapid inflation and slow economic recovery, especially in Europe and the United States (U.S.).
“It’s the same as waiting for the bubble burst and then clean it and after it will be a new lesson is not expected,” said World Bank President Robert Zoellick in an article [...]
World Bank Concerned About Increase in Interest Rates
Fearing the Fed Pull Stimulus Package, Wall Street Corrected
Wall Street falls after investor concerns that the Fed will pull the stimulus package or injected funds to help the economy.
Currently the Fed continued to hold interest rates scale as expected by the market, but the Fed also will reduce loans to buy housing sector until the end of March 2010.
This is seen as a [...]
Consensus Outline G20 summit U.S. Version
The United States Government is optimistic the G20 Summit in Pittsburgh 24-25 September 2009 will result in a number of agreements in practice control strategies that caused the current economic crisis.
The first points are likely to be approved is the need to strengthen the capital reserves of banks and other financial institutions. Strengthening the capital [...]
