How Low Can the Buck Go?
With a national debt already in excess of $9 trillion and close to another trillion likely to be added with Paulson’s rescue plan, some experts feel the combined weight of all this debt could drive the dollar to record lows.
Aussie, Kiwi Dollar Falls
The Australian and New Zealand dollars both lost to the U.S. dollar as both countries experienced a drop in export prices for the previous month.
FBI Investigating Actions of Executives
The FBI will look into the actions of executives with Fannie Mae, AIG, and Lehman Brothers to determine if shareholders were misled in the events leading up to the collapse of these corporate giants.
Not Everyone Excited About Paulson’s Plan
Despite Treasury Secretary Henry Paulson’s assertion that a delay in delivering the proposed financial bailout plan will throw the economy into even greater turmoil, high-profile resistance remains.
Buffet Buys Stake in Goldman Sachs
Warren Buffet’s purchase of a large piece of Goldman Sachs yesterday served as a voice of reason and helped lift stock markets while pushing down the price of gold.
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by Scott Boyd (see all)
- Japan’s Demographic Trap - 25 June 2012
- Officials Talk Openly of Greek Euro Exit - 16 May 2012
- Greek Voters Prepare to Roll the Dice - 15 May 2012