Dollar Rally Sends Gold Down Most in Year – Bloomberg Stocks Rally on Jobs Report – CNN Money Unemployed: More Help May Be On the Way – CNN Money What’s Behind the Bipolar Economic Data – Minyanville Near-Zero Rates are Hurting Economy – Wall Street Journal Hyperinflation Is the Least of Our Worries – Wall [...]
U.S. Stocks in Broad Rally – Wall Street Journal New Jobless Claims Rise Unexpectedly to 627k – RealClearMarkets Durable Goods Much Better Than Expected – Wachovia Gold Rises for Third Day – Bloomberg Wheat Falls to Eight-Week Low – Bloomberg U.S. Crisis is Like Japan’s, Only 7 Times Faster – Newsweek Regulatory Reform: A Primer [...]
The Federal Reserve kept interest rates unchanged but said it will buy $300 billion in long-term Treasury bonds. The Fed also plans to buy mortgage-backed securities and the agency debt of Fannie Mae and Freddie Mac. The move aims to boost bond prices, thus forcing the yield on long-term interest rates down. The ultimate hope [...]
Bernanke Says Inflation Should Slow into 2009 – Bloomberg Freddie, Fannie Failure Could be World Catastrophe, Yu Says – Bloomberg Oil Prices Fall Over $6 on Stronger Dollar – AP/Yahoo Finance Buffet Sees Economy Weak Until 2009 – Reuters Americans Skip Labor Day Trips as Costs Rise – Reuters The Long and Winding Recession – [...]
Crude Falls for 4th Day; Down 11% for the Week – MarketWatch Gold & Oil for Soros; Illiquidity at Merrill – Forbes Ben Bernanke Is Boxed In – The Economist Why Not to Panic on Inflation – New York Post Fannie & Freddie, Damned by Faustian Bargain – Financial Times
Oil kicks living costs up 4.2% – CNN.com Limits sought on commodity trading – Diana B. Henriques, International Herald Tribune (Video) Should we blame futures traders for high oil prices? – Financial Times Calling Bernanke’s Bluff – Joseph Brusuelas, Merk Investments Oil Prices On A Slippery Slope To Disaster – Carl Mortished, Times of London [...]
Retail sales jump by largest amount in 6 months – Bloomberg Oil Should Not Be Left to Market Forces – Anatole Kaletsky, Times of London Don’t Fear Speculative Bubbles – Chris Farrell, BusinessWeek Don’t Expect Dollar Intervention – Marc Chandler, TheStreet.com Visualizing Oil Production: 1965 – 2007 – Paul Kedrosky, Infectious Greed Tough Love from [...]
