Sergey Egishjants, "Narco-crisis"
Rating agencies have flown into a rage
Good afternoon. The policy past week was basically exotic. In Ukraine have condemned Timoshenku – a pier, was on sale with giblets kljatym moskaljam, cruelly having restrained gas interest nezalezhnoj. Street mugger Vitja blindly copies street mugger Vova – in a backward variant and the farcical form; Julja-beauty, a long plait, has found to itself defenders in EU – probably pardon: tea, not Khodorkovsky. In Australia popularity of ruling labourites has fallen to 28 % against 43 % one year ago (to 19 % below opposition) – as well as sane citizens warned in the last summer when madam Gillard dethroned prime minister Radda: for 12 months the foolish aunt was in time nakurolesit in economic (especially industrial) policy, the prices, national safety, formation and public health services – though treasurer Svona named the best in the world the Minister of Finance; however, for Kudrin, its predecessor in this title, honour has soon turned back grief. With national safety of a problem and at Britain – Minister of Defence Fox carries with itself as "wife" of a roommate: the press has asked a question, whether "friend" and "flatmate" has (as him tolerantly call) access to confidential papers – after all its minister has issued as official "adviser". In states suddenly "were ill" bespilotniki – they have caught a computer virus on the basis of the Air Forces in Nevada; but the Pentagon assures that the artful enemy will be broken!
The Ministry of Finance is closed: all have left to strike
The monetary markets. The Central Bank of South Korea has left the rate at level of 3.25 %. Reports of sessions FRS the USA and Bank of Japan have shown growing numbers of supporters of the further monetary softening – however, there is also an opposition, especially in Fed where split is unprecedented now: two for the third round of quantitative easing, and three against harmless "Operations the Twist". Market launches and falling were gloomy reflected in balances of visible funds: so, John Polson Preimushchestvo Pljus's hedge-fund has lost from the beginning of year of 47 % of actives (19.4 % only in September); the fund speculating with gold, has dried out in September on 16.4 % – though gold has fallen in price then only on 11 %. The hedge-fund registered in Sydney Global Trading strategy which three were traders Goldman have based the Saxophone, prospered only till 2008 – when the markets began to fall, it was tumbled down also; now it and at all should be closed, having returned money to clients. In the Peoples Republic of China there has passed a wave of bankruptcies of firms of small-scale business: Toughening of a former free mode of crediting has affected – now the State Council is compelled to win back back, facilitating the loan companies; all it reminds vain attempts of the addict to come off a needle – and such picture now all over the world. However, this image is risky: the assistant to the prime minister of Italy Dzhovanardi has found the crisis reason – it appears, in all traders-addicts for they shake exchange quotations are guilty; the creative official wants to enter obligatory testing for cocaine and other drugs of all exchange traders, and also weight of other people, including politicians.
Illustration: artyom Priests, Ah Ti Invest
The Greek comedy proceeds. The three (EC/ETSB/MVF) has finished the fifth inspection in the country, has complained about insufficiency of measures of budgetary economy – but nevertheless has graciously noted some successes in this sphere and has promised to give out in the beginning of November the next tranche in 8 billion euro. Certainly, all is delirium – that is easily visible from official numbers: in January-September deficiency of treasury of the Athenian government has appeared on 15.3 % above, than one year ago – and as the economy actively fell at this time, the hole has reached 16 % of gross national product; if it is "success", only on Oruellu! Certainly, the rights of premieres of Hungary Orban which have declared that Greece cannot pay the debt – and all perfectly understand it. So, a question in by what part of a debt Greeks declare a default – and especially private structures which refused to take any such measures earlier worry, and then have graciously allowed to persuade itself on losses of 21 % of investments; Now leaves that it is unreal – actually it is a question already of truncation on 50-60 %; prime minister Papandreu will discuss details in Bruxelles – where EU meeting is planned for October, 23rd. Will in parallel extend stabfond EU – Slovakia was last bastion on a way to it, but after long altercations she nevertheless has approved fund reform. All it creates activity illusion – but Greeks would not be Greeks if have not transformed it koposhenie into a farce: at the height of every possible negotiations the Ministry of Finance of Greece declared.... 9-day strike which starts on Monday, on October, 27th.
Rating agencies have flown into a rage. A polecat has lowered ratings of a default of Spain and Italy, having left the negative forecast; S&P has lifted a risk estimation in bank sector of Spain, and then cut off a country rating; has sent Mudi Belgium to the list on decrease; the Polecat threatens to cut off a rating of Portugal till the end of the year. Spain as it has appeared, could not reduce the size of deficiency in comparison with last year – despite plans of reduction of expenses. It is logical that the Polecat and S&P have reduced ratings of leading banks of the country – including two the largest (Santander and BBVA); the first agency has beaten at the same time also Italians (including Intesa Sanpaolo), having promised to make the same with other (including UniCredit). As British were puffed up, the turn has reached them: and Horek Mudi cut off ratings of some country big banks, including the Royal Bank of Scotland and Lloyds TSB – a similar fate threatens and Barclays. At last, the Polecat has beaten UBS and wants to cut off ratings of global monsters: Bank of America, Morgan Stanley, Goldman the Saxophone, BNP Paribas, Society Generale, Credit Suisse and Deutsche Bank. The heads of France, Belgium and Luxembourg continue rescue Dexia – bad actives at it at least on 150 billion euro, under them state guarantees are given out. Heads of Germany and France Merkel and Sarkozy have once again met – and have reconciled to the inevitable: approaches rekapitalizatsija euro-banks. Zanjatno, as here they not up to the end have converged – Frenchmen want, that banks had access to euro-stabfonda money, but the Berlin Baba-yaga again against: nehaj banks dig up resources, and if something happens they should be helped by Paris, but EU all in any way.
The currency markets. The dollar fell almost all the week long: euro has jumped up by 1.39, pound – at 1.58, franc – at 0.89, the Australian dollar has returned to levels at a premium with the American colleague. The senate of the USA has approved the bill of sanctions to the countries underestimating the rate of exchange – and the House of Representatives while jibs, and at the initiative of republicans. Chineses already swear – a pier, infringement of the international norms and in general, you will wait at us! In our opinion, it is a prototype of that there will be in the following some years – all countries will accept similar measures, for they have ripened; so, in globalisation strong recoil is inevitable – and it is good!
Source: SmartTrade
Stock markets were wonderfully developed and have flied up – though the bases for fun are not present, except illusive hopes on utishenie an euro-brothel. The secret is simple – the invisible hand of the market was helped by the authorities of the leading countries: so, in the Peoples Republic of China fund Central Huijin Investment belonging to the state began to buy up actively actions of the largest banks of the country when their prices have fallen below a bottom of 2009 – there are no doubts that other powers were engaged in the same also, but at them communication of the power with different pocket funds (private) is less obvious. The season of reports for the third quarter started from a discomfiture: profit Alcoa at 1.5-1.7 time below expectations – you will laugh, but, judging by the statement of the head of firm Kljajnfelda, in it the European debt crisis too is guilty! PepsiCo it is quite good – thanks to absorption of the Russian firm Wimm-Bill-Dann which have sharply increased sales and profits at group as a whole; it is characteristic that the company plans the repayment in market of the actions for 2.5 billion – too way to raise the price on stock exchanges. Report Google is good, but J.P. Morgan Chejz has disappointed with decrease in profit against an invariable gain – and has referred to "heavy conditions" in branch. The Austrian bank Erste Group shocked with the prevention of a loss in 1.5 billion euro for the third quarter – instead of expected solid profit. We will note the Russian innovation: January days off anywhere do not share, but these days, except 1 and 7 (and in 2012 this Sunday and Saturday), will work stock exchanges, regulators and Bank of Russia spending all calculations. What, fools rush in where angels fear to tread?
Source: SmartTrade
The commodity markets actively grew – despite blasting of optimism by China: that has published the sizes of the stocks – was found out that, for example, copper there 1.9 million tons contrary to expectations in 1.0-1.5 million: more than the USA consume it for a year – and if so at delay of world demand the requirement of the Peoples Republic of China for metals will fall, for a stock and so it is great. The Chinese policy of external expansion has caused envy of Japanese – they have gone by same means: the power actively encourages business to use expensive yen for purchases of the foreign firms making the raw materials necessary to the Japanese industry and fuel – these operations finances the local Bank of the international cooperation headed by the former deputy minister of the finance of Hirosi Vatanabe; the size of the program makes while 100 billion dollars. The foodstuffs, forages and textile raw materials try to jump aside from recent local minima is thus that, for example, meat, rice, fruit and sugar especially and did not go down in price, so now they absolutely near to the peaks.
Kudy to move to poor "investor"
Asia and Ocenia. According to OESR, advancing indicators in the world have fallen in August to 0.5 % - not clearly, truth why indicators which will publish with delay in 2 months are named by "advancing": again Oruell? Machine-building orders in Japan skip: in July have fallen on 9.2 %, in August have soared up on 11.0 % thanks to the electrogoods (+29.5 %). Activity in sphere of services of Japan decreases – as well as indexes of economic observers; in Australia the business trust remains beaten. The balance of current operations of Japan in August was in plus, three times smaller, than one year ago; the trading balance has left in deficiency – but in September like again became active (while there is data only for the first 20 days of month). Trading proficiency of the Peoples Republic of China continues to be compressed – in September it has made 14.5 billion dollars against 17.8 billion in August and over 30 billion in July; balance of trade from the USA on peak – to greater irritation of Americans. In Japan crediting is weak – but it submits life signs to Australia in mortgage sphere. Consumers of Japan and Australia hardly have become cheerful – but nevertheless are pessimistic. In Australia ever less vacancies – but employment in September has recouped for defeat of August. In the Peoples Republic of China monetary units, the bank credit and treasury reserves (for the third quarter of +4.2 billion dollars – a minimum for 11 years) were sharply slowed down; poduspokoilis and the prices. The Chinese growth will reach thanks to wild issue – the debt of local authorities has flied up in heavens: on the end of last year of 1.7 bln. dollars; thus the authorities of a province, for example, have delayed Liaoning in 2010 85 % of payments on a debt – as a whole even the semi-official organ sees to 450-500 billion dollars of potentially transient loans, and independent estimations three times above.
Europe. According to NIESR, in July-September the economy of Britain has quickened – gross national product has grown on 0.5 %; but it is temporary. The German experts sharply (in 2.5 times) have lowered the forecast of growth of economy in 2012 – it will be fast a commonplace all over the world. In August industrial production grew in the majority of the countries of Europe: Italy (+4.3 % a month) has most pleased that has allowed also to an eurozone indicator to jump up on 1.2 %; are less optimistical, but France (+0.5 %) and Britain (+ the 0.2 + %, processing sector-0.3 of %) are positive; the Netherlands has dropped to 0.6 %, and Germany – on 1.0 %. Business moods from Bank of France in September have again worsened; the trust of investors in an eurozone under version Sentix in October has again decreased. Trading balances in August pleased: in France, Britain and an eurozone deficiencies were reduced, in Germany proficiency has considerably grown – and only Italy has pumped up (a passive has strongly extended). In September proceeded nakat inflations – eurozone consumer prices have grown on 3.0 % a year, Germany – on 2.9 %, Italy – on 3.6 % (3-year-old peaks); wholesale prices at Germans too vspuhli – only in Switzerland the deflation, for franc nevertheless roads, despite a strong case of September proceeds. The British labour market is awful: in June-August employment was reduced by the worst rate since summer of 2009 (to 178 thousand persons), and unemployment has grown to a maximum since 1994; salaries and awards vspuhli on 2.8 % a year – though even the official SIGN ON INCH is equal 4.5 %, and is real it in plus on 7-8 %. Private demand is compressed...
America. In September in the USA the trust index in small-scale business from NFIB hardly has grown up – as well as the indicator of economic optimism under version IBD/TIPP in October: indicators remain at recession levels. Trading deficiency of Canada in August has extended against July not so strongly as were afraid; in the USA deficiency remained exactly at level of the last month against export and import growth. In Canada stagnation of the prices of new buildings (on +0.1 % in July and August) proceeded – but volumes sharply grew: in September of new houses was on 7.3 % more than in August. Indexes of moods shtatovskih consumers from Blumberg and Michigan university fluctuate at long-term bottoms; the indicator of trends of employment falls; total number of addressees of unemployment benefits in the end of September was maximum from the middle of May. On this background the failure in the Senate of the bill of Obama with the plan of creation of new workplaces does not add optimism – as does not please also an unexpected case of the consumer credit in August: However, the last yet a tendency. As well as bankruptcy of cities – on Thursday Garrisberg, capital of Pennsylvania was ruined: it cannot serve a debt in 300 million dollars – creditors (unanimously with Uoll-Strit) in furiousness, but anything cannot do. And billionaire Radzharatnama have sent to a lock-up for 11 years for swindle and insider trade – oh, hard times come: kudy to move to poor "investor"? Sales in manufacturing industry of Canada in August have jumped up on 1.4 % - thanks the cars restored after Japanese earthquake. Shtatovsky retail in September has grown on 1.1 % for the same reason – without cars and gasoline the increase has made 0.5 % the second month successively; and though its real inflation eats, nevertheless at present numbers quite good.
Source: Michigan university
Russia. The active of the federal budget in September has reached 5.9 % of gross national product because of seasonal sharp compression of expenses; as a whole for January-September proficiency equaled 2.9 % of gross national product. For September, 1st the relation of reserves of banks to deposits has poste restante reached a new minimum of 32.3 % - but, judging by statistics on monetary base for October, 1st, here there should be an improvement to 34-35 %, however it is all the same much worse, than during the most crisis moments of last years; the base has appeared on 4.0 % above, than one year ago. Deficiency of liquidity in bank system is visible not only on sickly reserves, but also on the politician of banks: they began to raise actively rates under placed loans and involved deposits – against inflation decrease it is an unhealthy symptom. Power habits former: FSB buys 23 TVs at the average price of 400 thousand roubles for everyone – businessmen confirm, what even more expensive models, than is declared, cost cheaper in times: security officers stand on the, referring to "office necessity". It is beautiful to live you will not forbid – earlier knights of a raincoat and a dagger already had time to get hold of a boat, a garbage truck and even a catafalque: all of them were bought exclusively luxe-class and in a top complete set. Friends of office of deep drilling from party of swindlers and thieves too gift of time did not lose – trying to condemn blogera Navalnogo on 1 million roubles that it has discredited their honour and advantage: while it is unsuccessful. To less status swindlers and thieves now it is unsweetened: one of these days in Moscow have plundered the Savings Bank – in masks and with the weapon; have carried away already 100 thousand roubles – probably, honour and Gref's advantage weigh 10 times less, than Gryzlov!
Source: Bank of Russia
Good to you of week!
The Ministry of Finance is closed: all have left to strike
The monetary markets. The Central Bank of South Korea has left the rate at level of 3.25 %. Reports of sessions FRS the USA and Bank of Japan have shown growing numbers of supporters of the further monetary softening – however, there is also an opposition, especially in Fed where split is unprecedented now: two for the third round of quantitative easing, and three against harmless "Operations the Twist". Market launches and falling were gloomy reflected in balances of visible funds: so, John Polson Preimushchestvo Pljus's hedge-fund has lost from the beginning of year of 47 % of actives (19.4 % only in September); the fund speculating with gold, has dried out in September on 16.4 % – though gold has fallen in price then only on 11 %. The hedge-fund registered in Sydney Global Trading strategy which three were traders Goldman have based the Saxophone, prospered only till 2008 – when the markets began to fall, it was tumbled down also; now it and at all should be closed, having returned money to clients. In the Peoples Republic of China there has passed a wave of bankruptcies of firms of small-scale business: Toughening of a former free mode of crediting has affected – now the State Council is compelled to win back back, facilitating the loan companies; all it reminds vain attempts of the addict to come off a needle – and such picture now all over the world. However, this image is risky: the assistant to the prime minister of Italy Dzhovanardi has found the crisis reason – it appears, in all traders-addicts for they shake exchange quotations are guilty; the creative official wants to enter obligatory testing for cocaine and other drugs of all exchange traders, and also weight of other people, including politicians.
Illustration: artyom Priests, Ah Ti Invest
The Greek comedy proceeds. The three (EC/ETSB/MVF) has finished the fifth inspection in the country, has complained about insufficiency of measures of budgetary economy – but nevertheless has graciously noted some successes in this sphere and has promised to give out in the beginning of November the next tranche in 8 billion euro. Certainly, all is delirium – that is easily visible from official numbers: in January-September deficiency of treasury of the Athenian government has appeared on 15.3 % above, than one year ago – and as the economy actively fell at this time, the hole has reached 16 % of gross national product; if it is "success", only on Oruellu! Certainly, the rights of premieres of Hungary Orban which have declared that Greece cannot pay the debt – and all perfectly understand it. So, a question in by what part of a debt Greeks declare a default – and especially private structures which refused to take any such measures earlier worry, and then have graciously allowed to persuade itself on losses of 21 % of investments; Now leaves that it is unreal – actually it is a question already of truncation on 50-60 %; prime minister Papandreu will discuss details in Bruxelles – where EU meeting is planned for October, 23rd. Will in parallel extend stabfond EU – Slovakia was last bastion on a way to it, but after long altercations she nevertheless has approved fund reform. All it creates activity illusion – but Greeks would not be Greeks if have not transformed it koposhenie into a farce: at the height of every possible negotiations the Ministry of Finance of Greece declared.... 9-day strike which starts on Monday, on October, 27th.
Rating agencies have flown into a rage. A polecat has lowered ratings of a default of Spain and Italy, having left the negative forecast; S&P has lifted a risk estimation in bank sector of Spain, and then cut off a country rating; has sent Mudi Belgium to the list on decrease; the Polecat threatens to cut off a rating of Portugal till the end of the year. Spain as it has appeared, could not reduce the size of deficiency in comparison with last year – despite plans of reduction of expenses. It is logical that the Polecat and S&P have reduced ratings of leading banks of the country – including two the largest (Santander and BBVA); the first agency has beaten at the same time also Italians (including Intesa Sanpaolo), having promised to make the same with other (including UniCredit). As British were puffed up, the turn has reached them: and Horek Mudi cut off ratings of some country big banks, including the Royal Bank of Scotland and Lloyds TSB – a similar fate threatens and Barclays. At last, the Polecat has beaten UBS and wants to cut off ratings of global monsters: Bank of America, Morgan Stanley, Goldman the Saxophone, BNP Paribas, Society Generale, Credit Suisse and Deutsche Bank. The heads of France, Belgium and Luxembourg continue rescue Dexia – bad actives at it at least on 150 billion euro, under them state guarantees are given out. Heads of Germany and France Merkel and Sarkozy have once again met – and have reconciled to the inevitable: approaches rekapitalizatsija euro-banks. Zanjatno, as here they not up to the end have converged – Frenchmen want, that banks had access to euro-stabfonda money, but the Berlin Baba-yaga again against: nehaj banks dig up resources, and if something happens they should be helped by Paris, but EU all in any way.
The currency markets. The dollar fell almost all the week long: euro has jumped up by 1.39, pound – at 1.58, franc – at 0.89, the Australian dollar has returned to levels at a premium with the American colleague. The senate of the USA has approved the bill of sanctions to the countries underestimating the rate of exchange – and the House of Representatives while jibs, and at the initiative of republicans. Chineses already swear – a pier, infringement of the international norms and in general, you will wait at us! In our opinion, it is a prototype of that there will be in the following some years – all countries will accept similar measures, for they have ripened; so, in globalisation strong recoil is inevitable – and it is good!
Source: SmartTrade
Stock markets were wonderfully developed and have flied up – though the bases for fun are not present, except illusive hopes on utishenie an euro-brothel. The secret is simple – the invisible hand of the market was helped by the authorities of the leading countries: so, in the Peoples Republic of China fund Central Huijin Investment belonging to the state began to buy up actively actions of the largest banks of the country when their prices have fallen below a bottom of 2009 – there are no doubts that other powers were engaged in the same also, but at them communication of the power with different pocket funds (private) is less obvious. The season of reports for the third quarter started from a discomfiture: profit Alcoa at 1.5-1.7 time below expectations – you will laugh, but, judging by the statement of the head of firm Kljajnfelda, in it the European debt crisis too is guilty! PepsiCo it is quite good – thanks to absorption of the Russian firm Wimm-Bill-Dann which have sharply increased sales and profits at group as a whole; it is characteristic that the company plans the repayment in market of the actions for 2.5 billion – too way to raise the price on stock exchanges. Report Google is good, but J.P. Morgan Chejz has disappointed with decrease in profit against an invariable gain – and has referred to "heavy conditions" in branch. The Austrian bank Erste Group shocked with the prevention of a loss in 1.5 billion euro for the third quarter – instead of expected solid profit. We will note the Russian innovation: January days off anywhere do not share, but these days, except 1 and 7 (and in 2012 this Sunday and Saturday), will work stock exchanges, regulators and Bank of Russia spending all calculations. What, fools rush in where angels fear to tread?
Source: SmartTrade
The commodity markets actively grew – despite blasting of optimism by China: that has published the sizes of the stocks – was found out that, for example, copper there 1.9 million tons contrary to expectations in 1.0-1.5 million: more than the USA consume it for a year – and if so at delay of world demand the requirement of the Peoples Republic of China for metals will fall, for a stock and so it is great. The Chinese policy of external expansion has caused envy of Japanese – they have gone by same means: the power actively encourages business to use expensive yen for purchases of the foreign firms making the raw materials necessary to the Japanese industry and fuel – these operations finances the local Bank of the international cooperation headed by the former deputy minister of the finance of Hirosi Vatanabe; the size of the program makes while 100 billion dollars. The foodstuffs, forages and textile raw materials try to jump aside from recent local minima is thus that, for example, meat, rice, fruit and sugar especially and did not go down in price, so now they absolutely near to the peaks.
Kudy to move to poor "investor"
Asia and Ocenia. According to OESR, advancing indicators in the world have fallen in August to 0.5 % - not clearly, truth why indicators which will publish with delay in 2 months are named by "advancing": again Oruell? Machine-building orders in Japan skip: in July have fallen on 9.2 %, in August have soared up on 11.0 % thanks to the electrogoods (+29.5 %). Activity in sphere of services of Japan decreases – as well as indexes of economic observers; in Australia the business trust remains beaten. The balance of current operations of Japan in August was in plus, three times smaller, than one year ago; the trading balance has left in deficiency – but in September like again became active (while there is data only for the first 20 days of month). Trading proficiency of the Peoples Republic of China continues to be compressed – in September it has made 14.5 billion dollars against 17.8 billion in August and over 30 billion in July; balance of trade from the USA on peak – to greater irritation of Americans. In Japan crediting is weak – but it submits life signs to Australia in mortgage sphere. Consumers of Japan and Australia hardly have become cheerful – but nevertheless are pessimistic. In Australia ever less vacancies – but employment in September has recouped for defeat of August. In the Peoples Republic of China monetary units, the bank credit and treasury reserves (for the third quarter of +4.2 billion dollars – a minimum for 11 years) were sharply slowed down; poduspokoilis and the prices. The Chinese growth will reach thanks to wild issue – the debt of local authorities has flied up in heavens: on the end of last year of 1.7 bln. dollars; thus the authorities of a province, for example, have delayed Liaoning in 2010 85 % of payments on a debt – as a whole even the semi-official organ sees to 450-500 billion dollars of potentially transient loans, and independent estimations three times above.
Europe. According to NIESR, in July-September the economy of Britain has quickened – gross national product has grown on 0.5 %; but it is temporary. The German experts sharply (in 2.5 times) have lowered the forecast of growth of economy in 2012 – it will be fast a commonplace all over the world. In August industrial production grew in the majority of the countries of Europe: Italy (+4.3 % a month) has most pleased that has allowed also to an eurozone indicator to jump up on 1.2 %; are less optimistical, but France (+0.5 %) and Britain (+ the 0.2 + %, processing sector-0.3 of %) are positive; the Netherlands has dropped to 0.6 %, and Germany – on 1.0 %. Business moods from Bank of France in September have again worsened; the trust of investors in an eurozone under version Sentix in October has again decreased. Trading balances in August pleased: in France, Britain and an eurozone deficiencies were reduced, in Germany proficiency has considerably grown – and only Italy has pumped up (a passive has strongly extended). In September proceeded nakat inflations – eurozone consumer prices have grown on 3.0 % a year, Germany – on 2.9 %, Italy – on 3.6 % (3-year-old peaks); wholesale prices at Germans too vspuhli – only in Switzerland the deflation, for franc nevertheless roads, despite a strong case of September proceeds. The British labour market is awful: in June-August employment was reduced by the worst rate since summer of 2009 (to 178 thousand persons), and unemployment has grown to a maximum since 1994; salaries and awards vspuhli on 2.8 % a year – though even the official SIGN ON INCH is equal 4.5 %, and is real it in plus on 7-8 %. Private demand is compressed...
America. In September in the USA the trust index in small-scale business from NFIB hardly has grown up – as well as the indicator of economic optimism under version IBD/TIPP in October: indicators remain at recession levels. Trading deficiency of Canada in August has extended against July not so strongly as were afraid; in the USA deficiency remained exactly at level of the last month against export and import growth. In Canada stagnation of the prices of new buildings (on +0.1 % in July and August) proceeded – but volumes sharply grew: in September of new houses was on 7.3 % more than in August. Indexes of moods shtatovskih consumers from Blumberg and Michigan university fluctuate at long-term bottoms; the indicator of trends of employment falls; total number of addressees of unemployment benefits in the end of September was maximum from the middle of May. On this background the failure in the Senate of the bill of Obama with the plan of creation of new workplaces does not add optimism – as does not please also an unexpected case of the consumer credit in August: However, the last yet a tendency. As well as bankruptcy of cities – on Thursday Garrisberg, capital of Pennsylvania was ruined: it cannot serve a debt in 300 million dollars – creditors (unanimously with Uoll-Strit) in furiousness, but anything cannot do. And billionaire Radzharatnama have sent to a lock-up for 11 years for swindle and insider trade – oh, hard times come: kudy to move to poor "investor"? Sales in manufacturing industry of Canada in August have jumped up on 1.4 % - thanks the cars restored after Japanese earthquake. Shtatovsky retail in September has grown on 1.1 % for the same reason – without cars and gasoline the increase has made 0.5 % the second month successively; and though its real inflation eats, nevertheless at present numbers quite good.
Source: Michigan university
Russia. The active of the federal budget in September has reached 5.9 % of gross national product because of seasonal sharp compression of expenses; as a whole for January-September proficiency equaled 2.9 % of gross national product. For September, 1st the relation of reserves of banks to deposits has poste restante reached a new minimum of 32.3 % - but, judging by statistics on monetary base for October, 1st, here there should be an improvement to 34-35 %, however it is all the same much worse, than during the most crisis moments of last years; the base has appeared on 4.0 % above, than one year ago. Deficiency of liquidity in bank system is visible not only on sickly reserves, but also on the politician of banks: they began to raise actively rates under placed loans and involved deposits – against inflation decrease it is an unhealthy symptom. Power habits former: FSB buys 23 TVs at the average price of 400 thousand roubles for everyone – businessmen confirm, what even more expensive models, than is declared, cost cheaper in times: security officers stand on the, referring to "office necessity". It is beautiful to live you will not forbid – earlier knights of a raincoat and a dagger already had time to get hold of a boat, a garbage truck and even a catafalque: all of them were bought exclusively luxe-class and in a top complete set. Friends of office of deep drilling from party of swindlers and thieves too gift of time did not lose – trying to condemn blogera Navalnogo on 1 million roubles that it has discredited their honour and advantage: while it is unsuccessful. To less status swindlers and thieves now it is unsweetened: one of these days in Moscow have plundered the Savings Bank – in masks and with the weapon; have carried away already 100 thousand roubles – probably, honour and Gref's advantage weigh 10 times less, than Gryzlov!
Source: Bank of Russia
Good to you of week!
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