Pimco’s Gross Says He’s Purchasing Treasuries to Protect Against Deflation – Bloomberg Gold Gains in New York, Erasing Earlier Decline – Bloomberg World Bank: Dollar’s Role Declines – New York Times Cotton Falls on Slump in U.S. Consumer Confidence – Bloomberg FDIC May Ask Banks to Prepay – RealClearMarkets Home Prices Gain 3rd Straight Month [...]

GDP Contracts 1% in Q2 – Reuters Why Investors Should Ignore GDP – RealClearMarkets Government Revises GDP Growth for the Last 70 Years – Crossing Wall Street Cash for Clunkers Out of Cash – Wall Street Journal Government Adds $2B for Clunkers Plan – Bloomberg CFTC’s Gensler Determined to Act – Reuters U.S. Housing Turning [...]

U.S. Stocks, Commodities Retreat After Unemployment Data – Bloomberg 467K Jobs Cut in June – Yahoo Finance Soybeans FAll on Signs of Declining Demand – Bloomberg Crude Oil Falls Below $67, May Head Lower – MSN Money Coffee Drops to Two-Month Low – Bloomberg Euro Zone Unemployment Hits 10-year High – RealClearMarkets FDIC: New Private [...]

U.S. Economy: Employers Cut Payrolls for Sixth Straight Month – Bloomberg Stay-at-Home Grillers for 4th Still Pay More for Food, Gas – Bloomberg ECB Hikes Key Rate to 4.25% – MarketWatch.com Oil Demand May be a Victim of its Own Success – MarketWatch.com Bush and Paulson Boxed in Corner on Dollar Mantra – Reuters Housing [...]