News
Bloomberg | Dollar Gains on Core U.S. Inflation, Euro Weakens Before Stress Test Data
The dollar strengthened for a second day against the euro after a report showed U.S. consumer prices excluding food and energy increased for a second month, adding to optimism the economic recovery will accelerate.
Fox News |
Taking Liberties: Legislator Proposes Alternative Currency in Response to the Diminished Dollar
Marshall, who is a Virginia State Representative, says it’s time for something radical. “I want to see the states step in,” he said. “It’s time. Past time.” Marshall wants the state of Virginia to have its own currency to create what he calls “competition with the U.S. dollar.” He also says it will protect Virginia if the dollar falls even further. He points out the dollar’s value has fallen nearly 40 percent since 2001, and he says with a record debt and deficit it’s, only going to get worse.
WSJ | Fed Chief Cool on More Bond Purchases
Federal Reserve Chairman Ben Bernanke said Thursday that the central bank isn't inclined to launch a third round of bond-buying soon to boost the U.S. economy, dashing hopes of investors who had concluded the day before that the Fed might be moving in that direction.
Econ Comments
Minyanville | Will the Fed's Last Bullet be Pointed Inward?
Russian Roulette for the Washington set.
CNN: Money | Republican tax stand a bust with public
House Republicans who refuse to consider tax increases as part of a debt ceiling deal are out of step with most Americans, according to two new polls.
Minyanville | The Tease of More Quantitative Easing
If a rally occurs on the next round of monetary stimulus, will stocks be right or are investors simply responding to stimulus without thinking?
