Approaching times of definitions for the EDF 11 August 2009 next Wednesday the Committee of monetary policy by the Federal Reserve of the United States (FED), will announce its decision on the monetary policy interest rate. Certainly does not generate many expectations on interest rate decision since its maintenance at current levels is deducted. However there are two issues that are of relevance to investors and that are related with the continuity of the program of buying government debt and corporate bonds and the Fed signals above as soon as more time may observe a change in monetary policy. The rough cut of rates together with the strong liquidity injections to limit the stresses in the financial system and assist the corporate sector in trouble alerted more conservatives on the risks that these actions can have in terms of inflationary pressures and creation of bubbles in asset prices. Is for this reason that in one of the many cuts, the Fed acknowledged the urgent need to reverse the downward rate cycle once the economy began to show signs of vitality. After two years of the crisis started, it seems that this time has come. A survey by Blue Chip Economic Indicators performed among economists in the private sector in USA showed that 90% of respondents believe that in the third quarter of this year will be declared the end of the recession in the United States.
The U.S. economy is starting to provide positive signals and this close to the Fed to take a decision which, as comment on the article yesterday, can result from spoilers. But despite the promises made, the behavior in the past of the reserve Federal shows that since 1970, the Fed has waited on average 14 months since the unemployment rate touched its peak, to begin with rates ascending cycle. When the last reading of the July unemployment rate showed a slight drop to 9.4 per cent of the economically active population, since the market not been interpreted as the beginning of a reversal in the dynamics of the rate unemployment already expected that the same continues to grow until the end of the year.
The last verdict of the climate summit held in Copenhagen in the month of diciembra is: TOTAL failure to the efforts and expectations of the planetary community, because Presidents, delegates and authorities together, after so much expectation that became, not be got nothing, nothing, nothing, so will not be get decrease the polluting gases with greenhouse effect in a way important enough as to limit the increase in global temperatures to 2 C and its devastating consequences. What is expected is that with an increase of 2 to 4 C will cause that much of the Amazon rainforest to dry and burn-out, emanating millions of tonnes of CO2 into the atmosphere already resentful. The ice of Greenland to melt, so marine waters levels increase by about 6 to 7 meters. Another major problem would be the food because the agricultural cocechas disminurian around the world. For that reason is now that campaigns actions personal, family, community in making consciousness of how to achieve lower should be started the emissions of the polluting gases.
Unravel the mysteries of Sumer – ancient civilization originated in the Middle East, the scientific minds of the entire planet unsuccessfully trying for a long time. The only reliable set of data is the fact that the first Sumerian civilization began about 450,000 years ago. The rest of the story of this highly developed culture is covered with darkness. Now archaeologists know that in