Now that the annual sales numbers are finally in, it’s clear that 2008 was a horrendous year for nearly every automaker. Annual car sales peaked at about 17 million in 2006. Industry analysts used to think that a one-time dip to 14 million would be a catastrophe. In 2008, total sales fell below that, to about 13 million.

25.12.2008
World markets took a break for Christmas and New Year time. However, a new portion of economic rumors compensated the absence of important macroeconomic news. Experts say that the United States will manage to extricate from the financial crisis with a whole skin despite the nation’s enormous foreign debt

23.12.2008
Russia's foreign-exchange reserves have been now been declining very rapidly since mid August, and as the money goes so does the faith that the large stock of reserves the country built up during the boom times would be sufficient to see them through any downturn in energy prices. As the money leaves, so it seems does the decade of economic growth and stability which they symbolised.

22.12.2008
Several things have now moved to set the world up for one of the worst run ups in the price of oil and all coming by the second half of 2009. As everyone knows, oil is plunging, in part due to over production during the high times of the recent past. This is also partially due to the strengthened dollar's action, since that is what oil is valued in. The world economic depression has also done its part to further drive down the already staggering price