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Tuesday, March 13, 2012

Monetary

News                                                                                                                             
Bloomberg | Fed Bond-Buying Seen Less Likely After Best Six-Month Job Gains Since 2006
The best six months of job gains since 2006 have helped reduce the odds of a third round of asset purchases by the Federal Reserve, according to a Bloomberg News survey of economists.
Market Watch | Stress-tested banks set to hike dividends
The Federal Reserve is expected to allow a number of the big U.S. banks to hike dividends to as much as 26% of earnings as part of the latest round of stress test results to be released Thursday afternoon, according to analysts and attorneys.
CNN Money | The dollar is mighty once more
The U.S. economy appears to be gradually improving -- and the dollar is coming along for the ride. Imagine that.

Blogs                                                                                                                             
Library of Economics | Gold and Oil Prices
Oil prices aren't high right now. In fact, they are unusually low. Gasoline prices would have to rise by another $0.65 to $0.75 per gallon from where they are now just to be "normal". And, because gasoline prices are low right now, it is very likely that they are going to go up more--perhaps a lot more.