Zorro est arrivé … dans le Golfe
Posted by Ivo Cerckel on July 13th, 2009
Treasury chief Geithner in Gulf to explain US economic defense
Wayne Arnold
Last Updated: July 12. 2009 7:43PM UAE / July 12. 2009 3:43PM GMT
http://www.thenational.ae/article/20090712/BUSINESS/707129936/1005
EXTRAIT
ABU DHABI // Timothy Geithner is scheduled to pay his first visit to the Gulf as US Treasury secretary this week with a message that may sound jarringly familiar to the one his predecessor delivered a little over a year ago: the US and its dollar remain sound destinations for the region’s oil profits.
July 13th, 2009 at 12:00
For sure, the debate about the path of the US economy, its global weight and the direction of the dollar will not abate. It is quite clear that the US administration’s fiscal stimulus was too small which has put a dent on its credibility. However, economic outcomes and debates will impact public perceptions in Saudi Arabia about the US economy.
(Geithner’s Saudi visit and the American conundrum
by John Sfakianakis, a Riyadh-based economist
Arab News newspaper, Monday 13 July 2009 (20 Rajab 1430)
http://www.arabnews.com/?page=6§ion=0&article=124488&d=13&m=7&y=2009
July 13th, 2009 at 12:22
Associated Press says that Geithner will say the dollar is good but will nevertheless ask for stability in the dollar-denominated oil price
Geithner to focus on investment, recovery
Web posted at: 7/13/2009 1:55:35
Source ::: AP
http://thepeninsulaqatar.com/Display_news.asp?section=Business%5FNews&subsection=market+news&month=July2009&file=Business_News2009071315535.xml
SNIPS
Geithner is expected to repeat assurances that the government’s soaring budget deficits will not trigger a devastating bout of inflation that sinks the value of the dollar and foreigners’ holdings.
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Another key topic for Geithner will be oil-price stability — or lack thereof — and its impact on the global economy.
UNSNIP
Ivo: perhaps if oil were priced in Honest Money …
July 13th, 2009 at 13:50
US Treasury Secretary Timothy Geithner said Sunday he is not concerned that the US dollar is weakening as a reserve currency, despite recent criticisms from China, Russia and France.
(Geithner committed to strong dollar as reserve currency
NEW YORK (AFP) — 10 hours ago
http://www.google.com/hostednews/afp/article/ALeqM5hpA_TbNML_RjNWN3ShxwiwcuyvmQ
Ivo:
Now we know …
July 13th, 2009 at 18:02
“Gulf looking for reassurance from Geithner”
Excellent title.
The dollar is a worthless piece of paper and Geithner must push it.
Geithner will say that the dollar has much value, but will nevertheless ask for stability in the dollar-denominated oil price.
This blogger submits that perhaps if oil were priced in Honest Money …
Gulf looking for reassurance from Geithner
Jul 13, 2009 at 07:57
http://business.maktoob.com/20090000007567/Gulf_looking_for_reassurance_from_Geithner_/Article.htm?utm_campaign=Night-Newsletter&utm_medium=Main-News4&utm_source=Night-Newsletter&utm_content=