SECCION Crisis monetaria: US/EURO, dolar vs otras monedas

Gráfico del tipo de cambio del Dólar Americano al Euro - Desde dic 1, 2008 a dic 31, 2008

Evolucion del dolar contra el euro

US Dollar to Euro Exchange Rate Graph - Jan 7, 2004 to Jan 5, 2009

V. SECCION: M. PRIMAS

1. SECCION:materias primas en linea:precios


[Most Recent Quotes from www.kitco.com]


METALES A 30 DIAS click sobre la imagen
(click sur l´image)

3. PRIX DU CUIVRE

  Cobre a 30 d [Most Recent Quotes from www.kitco.com]

4. ARGENT/SILVER/PLATA

5. GOLD/OR/ORO

6. precio zinc

7. prix du plomb

8. nickel price

10. PRIX essence






petrole on line

Find out how to invest in energy stocks at EnergyAndCapital.com.

azucar

azucar
mercados,materias primas,azucar,precios y graficos azucar i otros

5 may 2008

Success Breeds Failure, KRUGMAN

Op-Ed Columnist

Published: May 5, 2008

Cross your fingers, knock on wood: it’s possible, though by no means certain, that the worst of the financial crisis is over. That’s the good news.

The bad news is that as markets stabilize, chances for fundamental financial reform may be slipping away. As a result, the next crisis will probably be worse than this one.

Let’s look at the story so far.

After the financial crisis that ushered in the Great Depression, New Deal reformers regulated the banking system, with the goal of protecting the economy from future crises. The new system worked well for half a century.

Eventually, however, Wall Street did an end run around regulation, using complex financial arrangements to put most of the business of banking outside the regulators’ reach. Washington could have revised the rules to cover this new “shadow banking system” — but that would have run counter to the market-worshiping ideology of the times.

Instead, key officials, from Alan Greenspan on down, sang the praises of financial innovation and pooh-poohed warnings about the growing risks.

And then the crisis came. Last August, as investors began to realize the scope of the mortgage mess, confidence in the financial system collapsed.

I believe we’ve been lucky to have Ben Bernanke as Federal Reserve chairman during these trying times. He may lack Mr. Greenspan’s talent for impersonating the Wizard of Oz, but he’s an economist who has thought long and hard about both the Great Depression and Japan’s lost decade in the 1990s, and he understands what’s at stake.

Mr. Bernanke recognized, more quickly than others might have, that we were in a situation bearing a family resemblance to the great banking crisis of 1930-31. His first priority, overriding every other concern, had to be preventing a cascade of financial failures that would cripple the economy.

The Fed’s efforts these past nine months remind me of the old TV series “MacGyver,” whose ingenious hero would always get out of difficult situations by assembling clever devices out of household objects and duct tape.

Because the institutions in trouble weren’t called banks, the Fed’s usual tools for dealing with financial trouble, designed for a system centered on traditional banks, were largely useless. So the Fed has cobbled together makeshift arrangements to save the day. There was the TAF and the TSLF (don’t ask), there were credit lines to investment banks, and the whole thing culminated in March’s unprecedented, barely legal Bear Stearns rescue — a rescue not of Bear itself, but of its “counterparties,” those who were on the other side of its financial bets.

It’s still far from certain whether all this improvisation has resolved the crisis. But it was the right thing to do, and for the moment things seem to be calming down.

So two cheers for Mr. Bernanke. Unfortunately, his very success — if he has succeeded — poses another problem: it gives the financial industry a chance to block reform.

We now know that things that aren’t called banks can nonetheless generate banking crises, and that the Fed needs to carry out bank-type rescues on their behalf. It follows that hedge funds, special investment vehicles and so on need bank-type regulation. In particular, they need to be required to have adequate capital.

But while our out-of-control financial system has been bad for the country, it has been very good for wheeler-dealers, who collect huge fees when things seem to be going well, then get to walk away unscathed — indeed, often with large severance packages — when things go wrong. They don’t want regulations that would stabilize the economy but cramp their style.

And now that the financial clouds have lifted a bit, the pushback against sensible regulation is in full swing. Even the Fed’s very modest proposal to curb abusive mortgage lending with new standards is under fire, and there are worrying signs that the Fed may back down.

Maybe a Democratic sweep in November can revive the cause of financial reform, but right now it looks as if we’ll soon return to business as usual.

The parallel that worries me is what happened a decade ago, after the hedge fund Long-Term Capital Management failed, temporarily causing the whole financial system to freeze up.

Through luck and skill, that crisis was contained — but rather than serving as a warning, the episode nurtured the false belief that the Fed had all the tools it needed to deal with financial shocks. So nothing was done to remedy the vulnerabilities the L.T.C.M. crisis revealed — the same vulnerabilities that are at the heart of today’s much bigger crisis.

And if we don’t fix the system now, there’s every reason to believe that the next crisis will be bigger still — and that the Fed won’t have enough duct tape to hold things together.

ENTREVISTAS TV CRISIS GLOBAL

NR.: Director, no presidente ---------------------------------------------- Bruno Seminario 1 ------------------------- Bruno Seminario 2 -------------------- FELIX JIMENEZ 1 FELIZ JIMENEZ 2 FELIX JIMENEZ 3, 28 MAYO OSCAR DANCOURT,ex presidente BCR ------------------- Waldo Mendoza, Decano PUCP economia ---------------------- Ingeniero Rafael Vasquez, parlamentario 24 set recordando la crisis, ver entrevista en diario

Etiquetas

Peru:crisis impacto regional arequipa,raul mauro

Temas CRISIS FINANCIERA GLOBAL

QUIEN SOY?
claves para pensar la crisis

MATERIAS PRIMAS
-Metales
-Cobre
- plata
- oro
- zinc
- plomo
- niquel
- petroleo

-Tipo de cambio

- LA CRISIS

- BOLSA VALORES
- BANCOS
- PBI PAISES
- USA: DEFICIT GEMELOS
- UE: RIEN NE VA PLUS

CONTAGIO: CANALES

- PERU: DIAGRAMA DE CONTAGIO
- PERU: IMPACTO EN BOLSA
- MEXICO: HAY CRISIS?

LA PRENSA
COMENTARIO DE HOY

- DIARIOS DE HOY
NLACES

Coyuntura
Bancos centrales
Paginas Recomendadas

BLOGS

economiques
Interes

VIDEO

- Economia videos
- Crisis financiera global

TRICONTINENTAL

- AFRICA: daniel
- EUROPA: helene
- ASIA:
- AMERICA

COLUMNAS AMIGAS

Chachi Sanseviero

ETIQUETAS
por frecuencia de temas
por alfabetico

EVENTOS

FOTOS DEL PERU

GONZALO EN LA RED

JOBS
VOZ ME CONVERTIDOR
CLIMA
SUDOKU
PICADURAS

LOGO

LIBRO de GONZALO

La exclusion en el Peru

-Presentacion

- introduccion

- contexo economico

- crisis de la politica

- excluidos de las urbes

- excluidos andinos

- contratapa

VIDEOS ECONOMICOS
Crisis Enero 2009
Krugman
Globalizacion 1
Globalizacion 2
Crisis Brasil
Crisis bancaire
Karl marx revient

TODOS LOS DERECHOS RESERVADOS

GOOGLE INFORMA


PRESS CLIPPINGS-RECORTES PRENSA-PRESSE..

ETIQUETAS alfabetico