Trades in Latin America and the Caribbean, according to ECLAC

Latin America Economy

The Economic Commission for Latin America and the Caribbean (ECLAC) presented the report “An Overview of the international insertion of Latin America and the Caribbean 2008-2009: Crisis and regional cooperation areas. While this document covers several topics, it is important to note that it says that this year the volumes of exports and imports of Latin American countries will suffer a significant downturn, the worst of the last weeks. That report was presented by the executive secretary Addition of the organism, Alicia Barcena, the ECLAC headquarters, located in the city of Santiago, Chile. That document states that trade is the sector most beaten by the global crisis, according to the ECLAC website, adding that trade in the region will fall by 13% over the course of 2009.

According to the report, released at the site of the ECLAC, the volume of exports from the region fall 11%, the worst drop since 1937, and imports will fall by 14%, the worst figure since 1982.

As part of this presentation, Alicia Barcena said is necessary to implement policies to revive trade, the productive sector actually beaten by the recession experienced by the world economies, as reported by the website.

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Will there be new stimulus plans?

New Plan

What economic situation would be living now if you have not been implemented incentive plans to the finances of all countries? Globalization has brought a number of criticisms. Many see it as a loss of identity of individuals and nations for a single. The singularities are disappearing and all we’re looking increasingly más.Sin is however undeniable that thanks to this phenomenon has been able to create a common reaction of all countries to curb the worst financial magnitude of the last seventy years.

The country that has led this movement containment before the economic tsunami has been the United States. Their plans have been a reference stimulus for other nations. Now we start the discussion there about whether it is necessary to implement a new plan to stimulate the ailing economy. Opponents are more optimistic. They think the worst is behind us and what lies ahead in the coming months are positive data certify that the citizens will be able to smile again. By contrast, others do that are in favor of giving a new push to fear that we still have the possibility to plummet into the depths of the crisis.

According to a biannual report published by the NABE company in the North American country, the substantial aid distributed so far by the Administration have helped stop the U.S. economic decline, although only 35% of respondents felt that monetary policy has been correct. In fact, half of the experts said that was “too stimulative” in survey and during teleconference session. “Three-quarters said they would like a more restrictive fiscal policy over the next two years, but only 28% expect to happen” in the report.

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Evolution in Federal Reserve Balance

In Calculated Risk We have an excellent chart that shows how it has evolved Assets of the U.S. Federal Reserve, where we can see a very different visual strategy changes that the Fed has continued to fight recesion. observe, and after the summer of last year, the Fed decided to take the bull by the horns, and more than doubled the size of its balance sheet that step from just under one trillion dollars to clearly exceed two trillion dollars. At first, the Fed is dedicated to providing short-term liquidity to the banking system (blue zone), this did not work to revive the economy as banks kept the cash, but allowed to save the financial system so from February 2009, the Fed changed his strategy, it became more daring, he gave the little machine to print pieces of paper and began to buy Treasury Bonds (Red zone), and agency debt (are debt issued by entities such as Freddie Mac or Fannie Mae, and MBS (mortgage backed securities, the famous little packages of mortgage debt).

Evolution in Federal Reserve Balance

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Choosing the best credit card

What defines a good credit card? Neither the bank nor its limit, or their promotions, their interests and commissions. In both cases, this is what we pay for its use.

A credit card is not a substitute for cash, but a tool to better manage, deferring the payment of certain goods and services, a provision that has two costs: the interest on capital provisions and management fees charged by the bank.

The interest and fees can vary from bank to bank, and there are banks that consider the payment of annual fees in addition to those which affect their services.

So it’s best to order the cards that we charge less commission and a lower interest rate. In Credit Cards 247 site have made a selection of cards more competitive, both in interest and commissions under ligeras.Ahí have a more valuable guide to your choice.

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