News
WSJ | Officials Unfazed by Dollar Slide
In recent days, the nation's top two economic policy makers—Federal Reserve Chairman Ben Bernanke and Treasury Secretary Tim Geithner—have publicly expressed their desire for a strong dollar. But there is little indication of a change in policy from either the Fed or Treasury—or in underlying economic conditions—that would alter the currency's downward course.
Econ Comments
Minyanville | Fall of the Dollar Mirrors Financial Collapse of 2008
As the US Dollar collapses against hard assets, those trying to "catch a falling knife" may want to reconsider.
NYT | The Intimidated Fed
Last month more than 14 million Americans were unemployed by the official definition — that is, seeking work but unable to find it. Millions more were stuck in part-time work because they couldn’t find full-time jobs. And we’re not talking about temporary hardship. Long-term unemployment, once rare in this country, has become all too normal: More than four million Americans have been out of work for a year or more.
Minyanville | Five Things You Need to Know: US Dollar Collapse Intensifies
Also, a look at Yum! Brands' emerging markets exposure, how investors herd, and Wal-Mart shoppers running out of money!
