Refishowcase Business & Finance

Efforts to United States government (U.S.) to rescue the financial system failed votes. Provided fresh funds for USD700 billion to fulfill important objectives, such as loans and restraint in the financial sector, triggering activity by a number of banking risk, said U.S. special auditor.

As quoted by AFP, Sunday (31/1/2010), the special inspector general for the Troubled Asset Relief Program (TARP) says in a report to Congress, the appraisal is considered too early to measure the overall success of the program in the financial sector, after the peak of financial crisis in October 2008 passed.

“There are signs that clearly the aspects of the financial system is far more stable than the peak of the crisis in the autumn of 2008,” he said.

But the report also states that there are many TARP stated goals unmet and potential new crises will happen again.
“The salvation of our financial system (AS) is predicted to return in 2008. There is no meaningful reforms, we are still driving as if on the winding mountain roads and the same place, but this time at a faster car,” said the report likens.

“Indirectly, its impact was already felt in regions particularly banks, such as increasing credit restraint and prevent home foreclosure risk behaviors that are considered too big for financial firms,” said the report from the inspector general Neil Barofsky.

“Even so, the explicit goal to increase financing in the U.S. business and consumers continued to decline,” he added.

Welcome to WordPress. This is your first post. Edit or delete it, then start blogging!

Heavy flows of foreign exchange (forex) is entered in the last three days making the rupiah continued to strengthen. Rupiah for dollars is now in the level of USD 9200 and kept close to the position of USD 9 thousand.

Acting Governor of Bank Indonesia, Nasution Nasution said, the current foreign exchange or capital into it rather quickly in 2 or 3 days lately. But it was not too be seen as something permanent.

“Now it’s a bit stronger, but also must be viewed as in so strong, then weakened a bit, it always ups and downs there,” Nasution said after meeting with the Ministry of Finance, in Jakarta, Thursday (7 / 1).

According to him, the market is now trying to mempredict that the policy rate in the state remained. So that they, competing market players to enter. On the other hand, they also continue to see the policy rate policy in other countries. Including, for example, their own country, America. “Therefore the entry of large foreign exchange was a bit on the last few days,” said Nasution.

However, for future trends, their movements should not as fast as two or three days. Problem BI step, he says no need to explain about it. “For exports and imports should not be affected by the movement of 2 days or 3 days,” he said.

Today the rupiah itself opened in the strongest position 50 points from Rp 9725 per U.S. dollar on Wednesday to $ 9225 per dollar.

Independent economists expressed Adityaswara Mirza, at the beginning of this year’s financial markets opened with enthusiasm to the world economic recovery. So that the stock and bond markets improved.

However, because developing countries (like Indonesia) lebh fast growing economy of the developed countries capital inflows sehigga more. “Besides the U.S. dollar is still weakening. Because of low interest rates and the U.S. economy growing lebh lower than developing countries,” he said.

Mirza projecting rupiah could strengthen slightly under USD 9000. But in the second semester may rupiah weakened slightly again karen dollar rates began to rise and oil prices rose. “The range of this year the rupiah trading Rp 8950 to Rp 9400,” he explained