Tuesday, January 06, 2009

Newstopia explains the Reserve Bank

16 comments:

rob said...

I note the pound is rallying a bit against the €

rob said...

Russia cut gas exports to Europe by 60% today, plunging the continent into an energy crisis “within hours” as a dispute with Ukraine escalated.

The row immediately sparked fears of gas supply shortages and rising energy prices in the UK with the country suffering one of its coldest nights this century with temperatures plunging to as low as -10C.

http://www.thisislondon.co.uk/standard-business/article-23612326-details/Europe+starts+to+shiver+as+Russia+cuts+gas+supplies/article.do

love the picture of Putin.He looks real mean and a genuine bad guy.

Stef said...

I think it's more a case of the Euro getting a kicking than the £ picking up

I'm watching £/NZ$ for example and that hasn't rallied

Lots of traders trying to guess which reserve bank is going to debase its currency the most later on in the week...

Stef said...

The row immediately sparked fears of gas supply shortages and rising energy prices in the UK with the country suffering one of its coldest nights this century with temperatures plunging to as low as -10C.

and today's sunspot picture is...

still chillingly spot free

Stef said...

I'm really shocked as the behaviour of the Russians

After all the good things we in the West have done for, and said about, them

rob said...

and today's sunspot picture is...

still chillingly spot free

It was -10°C here last night.The last 3 winters in North Germany have been very mild indeed.
This Winter things have been considerably colder or should I say normal for this time of year.

About 7 years ago I seen it drop to -17°C

Anonymous said...

Maybe I should move to Russia. Hey, it can't be that bad with their rallying industry, vast natural resources and highest per capita millionaire count...

rob said...

more shenanigans in the world of Finance.
Hedge funds reading tomorrow’s headlines today

Stef said...

The Russians are also accustomed to hard times and crap weather

and storming palaces

Antipholus Papps said...

So how long has the sun been without sunspots now?

Stef said...

It's been on the quiet side for a couple of years

rob said...

German Billionaire Adolf Merckle, `Broken' by Money Woes, Commits Suicide

ziz said...

Debenhams sales rise 1%

Shares rise 24%

As it's not the close season ... but no, no it would be wrong, maybe even evil to suggest that anyone on the inside thought, we'll have a wee punt on that one.

No.No. No. Never.

Parabellum said...

With regards to the sunspots, you have to look at the bright side: "This gives us a chance to study the sun without the complications of sunspots"

Always complaining, always being pessimistic about the future. If people like you had something to say, we'd be still sitting very happy in some tree top, thank you very much.

Oh, bloody well, not only the sunspots have taken a break, my monthly payment from my employer went MIA. Something about "the banks not lending money at the moment, so we can not finance production" and our "business angles wanting to help out (really, honestly), but they seemed to have, ahem, lost a bit money on the finance markets lately". Plus, so I am told, a customer is a bit late with his payment. That is, this customer seems to be the only non-finance entity who is willing to give us money currently. The thing is, our employer is still a little start-up and had few customers in the last year. Yet, no need to worry, everything will be just fine next week, I'm sure. Right after the banks are bailed out, we will receive a loan to finance production, everything will revert to normal again and we'll all fly business class to the moon to enjoy two weeks vacation of mining the finest moon-cheese. Or so I'm told.

rob said...

Press conference with Putin.

Ukraine is blackmailing us - Putin

As talks aimed at ending the gas dispute between Russia and Ukraine broke down in Brussels, Prime Minister Vladimir Putin accused the government in Kiev of deliberately plotting to block supplies of Russian gas to Europe.

Stef said...

That was interesting, thanks

The comments Putin directs at the journalists in the last minute or so are particularly amusing.

It doesn't matter was the Russians, or anyone else actually does, it's what makes it into print that counts

Kudos too to the Russian translator who actually manages to work some inflection and expression into his work, whilst still sounding like a Russian translator

The two people sitting on either side of Putin look interesting...