Post a Topic Community: May 28, 2009

CASTING WOMEN OF WALL STREET


MAJOR CABLE NETWORK CASTING
NYC WALL STREET DOCU-SERIES

We are currently looking for intelligent, articulate and vibrant women to participate in a docu-series for a major cable network illustrating women fighting to keep up with the shift in economy.

The ideal candidate would be a woman with either a Wall Street background herself or one who is/has been in a relationship with a Wall Street businessman.

With the recession, this woman is for the first time cutting coupons, looking at price tags, and explaining to her friends and family that she is no longer living that Wall Street lifestyle. She is recession savvy, unique and interesting.

If you appear to be in your mid 20s to late 30s and fit the criteria above please send us a brief description and photo of yourself to castingnyc@vinniep.com

05.28.2009. EURUSD review

Yesterday, on May, 27th, the American dollar has added 1,1 % relative to euro.
In comments of ECB representatives it was marked about possibility of the further key interest rate decrease below current level - 1 %. It became the main reason of euro drop. The following ECB session is planned for June, 4th, 2009.
Dollar growth has been caused by following reasons:
1/ The international rating agency Moody's has confirmed a rating of the USA at level AAA.
2/ Good results in auctions for placing 2-year, 5-year and 7-year Treasury notes.
3/ According to interrogation of National Association of Business Economists, the majority of market participants expect economic recession end in 2009.
4/ Home sales index in April have grown by 2,9 % (4,68 million), the statistics has appeared better than expectations of analysts.
Today, on May, 28th, the euro was supported by the Germany unemployment report according to which the rate of unemployment in May was 8,2% that was above expectations by 0,3 %. Besides, Eurozone index of economic confidence has reached 69,3 points in May against 67,2 points in April.
On May, 28th in the USA, the data for durable goods orders, jobless claims, new home sales will be published. According to forecasts, the sales volume in the primary market in April has increased by 1,1 % to 360 thousand against 356 thousand month before, and the volume of durable goods orders has grown by 0,5 % after decrease by 0,8 % month before.
Meanwhile, fears, concerning possibility of US inflation sharp jump which can lead to considerable dollar decrease, continue to sound. Known American investor Mark Faber has come out with the assumption that the United States will face a hyperinflation.
Experts of US Federal Reserve System don’t exclude increase of inflationary pressure. The President of Federal Reserve Bank of Philadelphia, Charles Plosser, has told that in 2011 inflation can rise to 2,5%, having exceeded the target reference point of 2,0%. In this case FRS should lift rates and to reduce monetary base, and, according to Plosser, the American economy isn’t ready for this.