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Monday, May 2, 2011

Monetary

News                                                                                                                             
WSJ | It's Getting Harder to Bring Home the Bacon
C. Larry Pope, CEO of the world's largest pork producer, explains why food prices are rising and why they are likely to stay high for a long time.
Market Watch | Dollar mostly steady, slips vs. euro
The dollar slipped against the euro while maintaining a broadly positive tone against other major currencies in European trading hours Monday following news al-Qaida leader Osama Bin Laden has been killed.

Econ Comments                                                                                                             
Barron's | Ben Lays an Egg
There was no news from Ben Bernanke's news conference—perhaps because the real tale of QE2 is not a happy one.
Minyanville | Growth and Value in the Era of Quantitative Easing
If we are in a low-growth environment and rates are being kept artificially low, you might expect value issues to be favored over growth. But it hasn't worked that way.
Washington Post | Bernanke’s bet on jobs and inflation
Federal Reserve Chairman Ben Bernanke glided smoothly through his first regular news conference the other day — an event both remarkable and unremarkable. It was remarkable for symbolizing the Fed’s ongoing transformation from a citadel of secrecy into an agency that tries to explain itself to the public.