Bernanke’s iPod play list urges ‘US to be frugal and Asia to consume more’
Apparently, this is how we should be tacking global imbalances of trade. Ben was rather outspoken on...
Federal Reserve Chair Calls for US to Cut Deficit
While addressing a conference in California earlier today, US Federal Reserve Chairman Ben Bernanke ...
Fed’s Reverse-Repo Position
It is believed that the Fed have been speaking with Primary Dealers about restarting Reverse-Repo op...
Oil Looks to Extend Gains
Oil prices started the week on an "up" note pushing prices to a new high for 2009 of $78.78 a barrel...
The dollar sees red!
Technically nothing has changed for the USD. Still not loved, not wanted, no matter how much sugar y...
US hardens stance on China’s currency rigidity
Maybe the Obama administration hasn't heard what Soros and Japanese officials are saying regarding...
Soros on Currency Arrangements Calls for more Regulation
George Soros speaking in front of a crowd at a the Economist event: Billionaire investor and ph...
Eurozone trade falls into deficit
Germany had already hinted at the fall, as the largest exported suffered a drop but was still in s...
Japanese Advisor to Finance Minister Declares China is Needed to Boost Dollar
After China's foreign exchange reserves hit $2.27 trillion at the end of September the importance of...
Canada’s September Inflation Rate Falls to -0.9%
Canada's Consumer Price Index (CPI) fell by one tenth of a percent in September to minus 0.9 percent...
Bank of America Claims $2.24B Loss
The Bank of America said today that it lost $2.24 billion in the third quarter on bad loans totaling...
Are Canadian Banks Setting the Country’s Interest Rate Policy?
When it comes to economic policy, many people believe that big business – particula...
Bernanke, what have you done?
What a week! Bernanke tried to talk the USD up, stating that they will raise interest rates, âââ...
US Banks Profits Beat Forecasts
The results for the last quarter for Goldman Sachs and Citibank have surprised not only by coming ab...
US Inflation Up 0.2%
The US Consumer Price Index (CPI) rose 0.2 percent in September with rising energy costs the primary...