1. Wed 18 Feb 09 - building on talks of a USD 50 bn plan, Pres Obama will announce his plans to stem foreclosures.
rumors of arranging for lower mortgage payments made their rounds last Friday. *could be stock market positive if that happens*
2. Tue 17 Feb 09 - US Automakers to report on their progress to become viable companies and may ask for more aid
3. G7's focus on FX markedly less, with ECB's Alumnia saying G7 currencies now closer to normal levels than a few months before.
'Yuan manipulation' talk was absent - China on Friday said they will continue to buy treasuries *where else can they park their reserves??* USD supportive nonetheless
4. Japan's Q4 GDP falls worse than expected - 12.7% per anuum basis. Exports crashed. USDJPY dropped on knee jerk reaction but recovered since. spot now = 91.66. opinion polls on PM Aso fallen to second all time low. hard for a lacklustre government to push ahead solid reforms and stimulus, let alone implement plans to save economy
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