FXstreet.com

• Home >
• Live >
• Sessions >

• Send
• Print
• Add To

The Obama Dollar Stimulus

Type: Webinar

Expert: Joseph Trevisani, Chief Market Analyst at FX Solutions
Moderator: Maud Gilson
Start: Wed, Feb 18 2009, 17:00 GMT
End: Wed, Feb 18 2009, 17:45 GMT
Participants: 27 pre-registered participants

Summary:
Will the US stimulus help the economy in 2009? Last year’s $168 billion stimulus did almost nothing to bolster consumer spending, most of the money went into saving or to pay down debt.

The main goal of the fiscal stimulus package, in the words of its supporters, is the creation of 3.5 million jobs. Over the next 18 months Federal spending will strive to replace jobs lost with equivalent work or government employment. The effect on consumer spending will be delayed into next year. In the initial months of stimulus expenditures any employment gains will probably be overwhelmed by continuing jobs losses. For much of 2009 the stimulus will have negligible effect on consumer spending, the money simply cannot be spent fast enough.

If there is little to immediately expect for the economy from the stimulus can we say the same for the dollar? Will the lack of positive movement in the US economy endanger the gains the dollar has made since last summer?

Who is Joseph Trevisani?
Joseph Trevisani was speaker at the 1st ITC 2007 - Barcelona. Watch our event's coverage.

Prior to joining the online trading industry Mr. Trevisani worked at Credit Suisse for 12 years in New York and Singapore as an interbank currency trader and trading desk manager. Returning from Asia he managed the Asian Trading desk and was a proprietary trader for The Bank of Bermuda in Hamilton Bermuda. He has a Bachelor Degree and Masters in International Politics and Finance from Columbia University in New York City. He has been quoted in the Wall Street Journal, Reuters, Bloomberg, Dow Jones Newswires, the Chicago Tribune and Futures Magazine and has appeared on CNBC in New York and London as a currency analyst. He has written economic and currency analysis for SFO Magazine, FXstreet.com, Forex TV and the Aim Bulletin, and has spoken at many conferences and industry events.

Software instructions
HotComm is the multimedia communication tool we will be using to host our New Live Market and Education Sessions. With hotComm you will be able to hear our expert comments dissecting a trade while they show you the graphic resources and the steps they use in their daily trading. This is a fully collaborative tool, so don't hesitate, interaction will be the key to success, by sending your live questions to the experts.
Donwload hotComm CL |  More information |  Help