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.

19.12.2008
World’s largest companies working on the global currency market say that the US dollar can no longer be considered a quiet harbor at the height of the financial crisis. The US currency has hit its lowest level against the Japanese yen in 13 years and suffered the largest one-day slide against the euro after the Federal Reserve System reduced the targeted interest rate. The rate currently fluctuates from 0% to 0.25%, which makes it the lowest rate among world’s developed economies

17.12.2008
Today’s oil price of $44.13 is giving economic experts a reason to make us think it’s the end of the World. Maybe it is for them. What do they know? This past summer, oil was up to $147 and causing some serious problems for everybody except the oil companies and people who owned oil interests. They were all very happy.