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Tuesday, June 7, 2011

Monetary

News                                                                                                                             
Bloomberg | Euro Gains to One-Month High on Greece Debt Optimism; U.S. Stocks Advance
The euro rose to a one-month high against the dollar as European Central Bank President Jean- Claude Trichet signaled he may back Greek debt rollovers. U.S. stocks rebounded after a five-week slump left the Standard & Poor’s 500 Index at its cheapest earnings valuation of 2011.
Fox News | Bernanke to take spotlight and assess economy
Investors have pushed stock prices lower for four straight days in response to data showing weaker hiring in May, falling home prices and a drop in manufacturing. On Tuesday, the Federal Reserve chairman will offer his outlook.

Econ Comments                                                                                                             
Forbes | China Inflation: The Canary In the Coalmine
The real inflation story is here in the United States.