Currencies Rebound
Jul 15th, 2009 | By Chuck Butler | Category: Financial News, US Dollar & Forex TradingGoldman posts a nice profit… I smell a rat! Euro nears the 1.41 mark… Again! Gold manipulation? And Now… Today’s Pfennig!
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Goldman posts a nice profit… I smell a rat! Euro nears the 1.41 mark… Again! Gold manipulation? And Now… Today’s Pfennig!
These days, we’re all facing unemployment, whether or not we’re working. That’s because as unemployment rises, as layoffs continue and as prospects for a “jobless recovery” escalate, losing a job is top-of-the mind, if not all-consuming and all-encompassing.
Does “stimulus” really work? Does quantitative easing work? The historical record suggests not. So what brought us out of the Great Depression? The answer might surprise, even though it shouldn’t… A grumpy President Obama says that the $787 billion dollar stimulus package “has worked as intended.”
Markets were cheered Wednesday when the International Monetary Fund (IMF) projected global growth of 2.5% for 2010, a slight increase from its earlier forecast of 1.9% growth. That’s good news for investors – but consumers in the United States and investors focused on it may not see much benefit.
Pickens’ Wind Farm Delayed; Apple Tarnished by SEC Scrutiny; UBS May Settle Tax Dispute; Higher Gas Prices Help Reduce Traffic; Discount Retailer Thrives in Recession; Pepsi Bottling Profits Rise
“Just how can the Fed credibly promise to be irresponsible…?” Here’s a thought—that tiny handful of investors and analysts warning how Fed policy risks hyper-inflation are in fact doing the central bank’s work.
U.S. stocks fell today, Monday, as investors worried about the potential strength and timing of an economic recovery, sending oil prices and energy shares lower.
There’s no question that the U.S. job market is tough across the board right now. But not all pain is created equal: There are regions of the country – and sectors of the U.S. economy – that haven’t been hit quite as hard as others.
U.S. stock futures pointed to a modestly higher open on Monday as investors looked to new data later in the holiday-shortened week for clues over the direction of the recession-hit economy.
Gold rose above $942 per ounce on Monday, strengthening as the dollar turned lower against six major currencies with slight caution toward riskier assets also proving supportive.