News
Market Watch | Fed decides how, not when, to exit easy conditions
The Federal Reserve has basically decided how — if not when — it will exit its ultra-easy monetary policy, even as a minority of members think the next step may be to provide extra stimulus rather than remove it.
Market Watch | Gold rises to record on debt-crisis fears
Gold futures crowned a six-session winning streak with a nominal record Tuesday, overcoming a wobbly start with support from ongoing worries about the euro-zone debt crisis.
Source | Fed chairman Bernanke faces firestorm
"He's going to want to talk about economic outlook and they'll want to bring it back to debt ceiling debate, with both sides trying to score points on that about cutting deficits or raising taxes," said Mark Vitner, senior economist at Wells Fargo Securities.
Market Watch | Euro falls below $1.40; U.S. dollar index gains
The euro slid back under $1.40 Tuesday as a downgrade to Ireland’s credit ratings fed concerns over Europe’s debt woes, sending the U.S. dollar higher again.
Blogs
Daily Capitalist | The Euro 1999 – 2012 R.I.P.
Contagion is the big fear in the euro zone. If Greece defaults on its sovereign obligations that lends credibility to an unwinding of the euro because German and French taxpayers will ultimately and reluctantly foot that bill.
