POOR RICHARD’S REPORT                         
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 2009 Forecasts (Stocks, Bonds etc…)

The word “billions” is being bandied around every day now. I would like to put this number in perspective before I start my market letter.
                   A billion seconds equals 32 years. A billion seconds ago puts us back to December 1977. A billion minutes ago [...]

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ISTANBUL — When a pair of black leather oxfords hurled at President Bush in Baghdad produced a gasp heard around the world, a Turkish cobbler had a different reaction: They were his shoes.
In Iraqi’s Shoe-Hurling Protest, Arabs Find a Hero. (It’s Not Bush.) (December 16, 2008) “We have been producing that specific style, which I [...]

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Trade banks started to work by permission of Russian Gosbank in 1991. They had been founded by state organs. As field of activity, giving credits to industry, special sector and small enterprises. In this area Azakbank and Ilkbank were famous. Important point is that these banks had a speciality as authority to foreign currency regulations.
 
Azerbaijan [...]

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Falling Fortunes, Rising Hopes and the Price of Oil
December 15, 2008

 
By Peter Zeihan

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Related Special Topic Page

Global Energy Prices

Oil prices have now dipped — albeit only briefly — below US$40 a barrel, a precipitous plunge from their highs of more than US$147 a barrel in July. Just as [...]

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The Turkey-IMF Stand-By Accord: a Never-Ending Symphony?
Publication: Eurasia Daily Monitor Volume: 5 Issue: 235
December 10, 2008 03:52 PM
Category: Eurasia Daily Monitor, Turkey, Economics, Home Page, Featured
By: Saban Kardas
The Turkish government’s handling of the economic crisis continues to draw criticism. Business leaders and investors have been insisting that urgent measures are needed to protect the economy. [...]

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As the financial crisis forces investors around the globe to liquidate risky investments, the U.S. Treasury has benefited from its traditional role as a safe haven for capital. While the increasing demand for U.S. Treasury bills allows the U.S. wide berth for addressing the crisis, most other markets are being starved for desperately needed liquidity.
Analysis
A [...]

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Tulin Daloglu
Tuesday, December 9, 2008 OP-ED:
http://www.washingtontimes.com/news/2008/dec/09/turkeys-crisis/
 
Many people are directly feeling the effects of the recession –- and the ramifications reach far beyond the United States.
 
According to the International Labor Organization, the current global financial crisis could cause as many as 20 million people worldwide to lose their jobs and cause extreme poverty to afflict as [...]

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Geopolitical Diary: Rate Cuts Nearing the Bottom
December 5, 2008

Four central banks in Europe lowered their benchmark interest rates on Thursday. The European Central Bank (ECB) cut its rate by three-quarters of a percentage point to 2.5 percent, Swedish Riksbank by 1.75 points (a record cut) to 2 percent, the Danish central bank by three-quarters of [...]

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Poor  Richard’s Report            over 300,000 readers 
Federal Reserve will take Charge of the US Treasury Department
These are exciting times we are now experiencing.
We will have a new president who was one of the most liberal US Senators.
We have a global economy that is heading into a more pronounced recession.
We have a stock market that is the [...]

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Turkey: Police, Protesters Clash In Ankara
November 29, 2008
Police and thousands of Turkish workers clashed at a demonstration in Ankara held by Turkey’s two largest unions to protest rising prices and a potential new International Monetary Fund (IMF) deal, Reuters reported Nov. 29. The workers chanted slogans against the Turkish government and the IMF, which is [...]

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