โข
“Crude oil futures for December rose 95 cents to $83.90 a barrel on Tuesday, the highest closing price since May 3, as the dollar weakened again and traders focused on the expectation of a new round of โquantitative easingโ by the Fed. Youโre feeling oilโs surge at the pump: Gasoline prices are up 14 cents…
โข
“Former Federal Reserve Chairman Paul Volcker, an adviser to President Barack Obama, said quantitative easing may spark inflation in the future and the amount involved may be a cause for concern. โWhen money is too easy for too long, we will have moreโ asset bubbles, Volcker, 83, said in Singapore today.” Read more. “Volcker Says…
โข
“Oil for December delivery rose as much as 53 cents to $81.96 a barrel in electronic trading on the New York Mercantile Exchange. It was at $81.84 at 11:07 a.m. Singapore time. On Oct. 29, the contract dropped 0.9 percent to $81.43, trimming the advance in October to 1.8 percent. The dollar dropped for a…
โข
“Critics of the Fed — and even someFed members — point to various unintended consequences QE2, including the possibility of a new asset bubble in financial markets, a return of inflation at painful levels, and even a currency or trade war with U.S. trading partners due to a weakening dollar. But some economists say the…
โข
“Is this a currency war or what?… In Washington, where a โstrong dollarโ has been the mantra for years, policymakers are taking steps that could make the already weak dollar weaker still… The dollarโs decline is being driven by what everyone in global markets is expecting โ another round of so-called quantitative easing by the…
โข
“In early October, China’s Premier Wen Jiabao addressed European leaders in Brussels. Ominous talk of currency wars dominated the proceedings. And why not? After all, America โ and a growing coalition of forces โ has mounted a massive attack on China. And the Americanled coalition’s weapon of choice is the renminbi- U.S. dollar exchange rate.…
โข
“Despite the overwhelming evidence that markets perform best when left alone by the government, it is still virtually taken for granted that one consumer product should be completely controlled by every government in the world. One product, so ubiquitous, that itโs used by almost everyone in the world on a daily basis: money. Money is…
โข
“It seems certain, however, that we shall merely make matters worse if we aim at curing the deflationary symptoms and, at the same time (by the erection of trade barriers and other forms of state intervention) do our best to increase rather than to decrease the fundamental maladjustments. More than that: while the advantages of…
โข
“The third-highest inflation rate in the world is making investors less confident in Argentinaโs ability to keep up economic growth and repay debt beginning in 2012, credit default swaps show. Five-year contracts that protect investors against a default by Argentina cost 123 basis points, or 1.23 percentage points, more than two-year swaps on Oct. 15,…
โข
“The Federal Reserve may purchase $2 trillion of assets to stimulate the U.S. economy and start by announcing a fresh round of monetary easing on Nov. 3, Goldman Sachs Group Inc. said. โWe expect an announcement of $500 billion or perhaps slightly more over a period of about six months,โ Jan Hatzius, the New York-based…
โข
“Crude oil futures for December rose 95 cents to $83.90 a barrel on Tuesday, the highest closing price since May 3, as the dollar weakened again and traders focused on the expectation of a new round of โquantitative easingโ by the Fed. Youโre feeling oilโs surge at the pump: Gasoline prices are up 14 cents…
โข
“Former Federal Reserve Chairman Paul Volcker, an adviser to President Barack Obama, said quantitative easing may spark inflation in the future and the amount involved may be a cause for concern. โWhen money is too easy for too long, we will have moreโ asset bubbles, Volcker, 83, said in Singapore today.” Read more. “Volcker Says…
โข
“Oil for December delivery rose as much as 53 cents to $81.96 a barrel in electronic trading on the New York Mercantile Exchange. It was at $81.84 at 11:07 a.m. Singapore time. On Oct. 29, the contract dropped 0.9 percent to $81.43, trimming the advance in October to 1.8 percent. The dollar dropped for a…
โข
“Critics of the Fed — and even someFed members — point to various unintended consequences QE2, including the possibility of a new asset bubble in financial markets, a return of inflation at painful levels, and even a currency or trade war with U.S. trading partners due to a weakening dollar. But some economists say the…
โข
“Is this a currency war or what?… In Washington, where a โstrong dollarโ has been the mantra for years, policymakers are taking steps that could make the already weak dollar weaker still… The dollarโs decline is being driven by what everyone in global markets is expecting โ another round of so-called quantitative easing by the…
โข
“In early October, China’s Premier Wen Jiabao addressed European leaders in Brussels. Ominous talk of currency wars dominated the proceedings. And why not? After all, America โ and a growing coalition of forces โ has mounted a massive attack on China. And the Americanled coalition’s weapon of choice is the renminbi- U.S. dollar exchange rate.…
โข
“Despite the overwhelming evidence that markets perform best when left alone by the government, it is still virtually taken for granted that one consumer product should be completely controlled by every government in the world. One product, so ubiquitous, that itโs used by almost everyone in the world on a daily basis: money. Money is…
โข
“It seems certain, however, that we shall merely make matters worse if we aim at curing the deflationary symptoms and, at the same time (by the erection of trade barriers and other forms of state intervention) do our best to increase rather than to decrease the fundamental maladjustments. More than that: while the advantages of…
โข
“The third-highest inflation rate in the world is making investors less confident in Argentinaโs ability to keep up economic growth and repay debt beginning in 2012, credit default swaps show. Five-year contracts that protect investors against a default by Argentina cost 123 basis points, or 1.23 percentage points, more than two-year swaps on Oct. 15,…
โข
“The Federal Reserve may purchase $2 trillion of assets to stimulate the U.S. economy and start by announcing a fresh round of monetary easing on Nov. 3, Goldman Sachs Group Inc. said. โWe expect an announcement of $500 billion or perhaps slightly more over a period of about six months,โ Jan Hatzius, the New York-based…
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