News
WSJ | Dollars Become Scarce as Argentina Cries Peso
To combat a thriving black-market in greenbacks, Argentina's government has taken to deploying tax inspectors with dollar-sniffing dogs and widely publicizing its busts of street money changers—known as arbolitos, or little trees, because of the wads of green they flash around.
Bloomberg | Fed Growth Forecasts Key to Easing as Job Market Stalls
Chairman Ben S. Bernanke told lawmakers last week the “central question” confronting the Federal Reserve at its next meeting is whether growth is fast enough to make “material progress” reducing unemployment.
FOX Business | Consumer Prices Post Biggest Drop in Over 3 Years
Consumer prices fell in May by the most in over three years as households paid less for gasoline, possibly giving the U.S. Federal Reserve more room to help an economy that is showing signs of weakening.
Blogs
Daily Capitalist | The Dreaded “D” Word
Prices are falling. The Fed will interpret this as “deflation” whereas it is more related to lack of demand. They will interpret falling prices as “deflation” and view this as dangerous to the economy.
