March 3, 2009
Oil prices won’t stay for long
Story link: Oil prices won’t stay for long
The economy is in a confused but dangerous position, so no individual is particularly in a position to be looking forward and accurately predicting where the markets will go.
One thing is for sure though, Oil prices will not stay stable for long, and once support/resistance breaks, there will be a major change in the markets.
Oil prices won’t stay for long
My question is why does it always have to get to that point?
Take the most recent run-up of oil prices, when crude hit $147 a barrel and gasoline was trading around $5.
Manufacturing slowing down faster!
Story link: Manufacturing slowing down faster!
Although many believe manufacturing to be doomed in the UK thanks to the recent, global recession, they are not completely right, as the exchange rate hit means that UK products are now cheaper for other countries to import.
On the other hand, if there are not many import/export deals going on, then that’s no good for the UK manufacturing businesses, who slashed 1,000’s of jobs in February.
Manufacturers slowing down faster!
Manufacturers in the UK cut jobs and output at a record pace in February, according to the latest Purchasing Managers’ Index (PMI).
The PMI showed employment and output levels at their lowest since the survey began in 1992.
February 25, 2009
Japan exports decrease
Story link: Japan exports decrease
When records began in 1980, Japan was one of the world leaders regarding exports and still is fairly significant within the export industry. Now though, the decline they are seeing thanks to a combination of the economic turn down and the currency crashes is not helping their cause one little bit.
Japan’s exports plunged 45.7% in January compared with a year ago to hit the lowest figure in 10 years, official figures have shown.
Imports exceeded exports by 952.6bn yen ($9.9bn; £6.8bn). It is the largest gap since records began in 1980.