Sunday, January 13, 2008

More Dollar problems

Bernanke Finds his Voice

By Mike Whitney

On Thursday, Fed chairman Ben Bernanke gave the keynote address on the state of the economy and financial markets at a luncheon in Washington, DC. The tone of the speech was decidedly somber and could have easily been accompanied by a funereal dirge and 8 black-suited pall bearers. Continue



Consuming Our Way to Unhappiness

By Terrence McNally

Everywhere we turn lately, ads -- holiday, post-holiday, and year-end -- have been encouraging us to shop in a concerted and somewhat desperate effort to salvage the economy. But where does all the stuff we're buying actually come from? Continue



US Federal Reserve chairman warns of recession danger, promises more rate cuts: US Federal Reserve Board Chairman Ben Bernanke warned Wednesday that the US economy is slowing dramatically and broadly hinted that the Fed would aggressively cut interest rates in response, perhaps before its next scheduled policy meeting at the end of January.

Precious metals sparkle as US dollar continues slide: GOLD rose to a record and silver matched its highest level since 1980 as a weakening American dollar increased demand for alternative investments.

Greenspan's Reputation at Risk as Recession Odds Grow : The next bubble to deflate may be Alan Greenspan's reputation.

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