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Measure of US economy's health shows biggest drop in a year

posted by odell 1374 days ago in USD, GDP, Employment made popular 1373 days ago

A private sector measure of the economy's health showed the largest drop in a year, and while new jobless claims fell for the second straight week, they remain near the highest levels since 2002. The reports are the latest evidence the languishin

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Gold Rallies From Seven-Month Low

posted by nancypants 1382 days ago in USD, Gold, Metals made popular 1382 days ago

Gold rebounded in London as jewelry and investment demand revived after the price of the metal declined to a seven-month low. Platinum and silver also gained.

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Retail Sales Edge Down In Line With Estimates In July

posted by MarcB 1382 days ago in USD, Fundamental, Retail Sales made popular 1382 days ago

Retail sales saw a modest decrease in the month of July, according to a report released by the Department of Commerce on Wednesday, with the decrease

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Oil Trades Near 14-Week Closing Low on Bets Dollar Will Rise

posted by maximumpips 1383 days ago in Oil made popular 1383 days ago

Crude oil traded near a 14-week closing low on speculation that the dollar will strengthen against the euro, weakening the appeal of commodities as an inflation hedge.

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Fed’s Stern Says Inflation Outlook Has Improved With Energy

posted by lovethefx 1383 days ago in USD, Inflation made popular 1383 days ago

Minneapolis Federal Reserve Bank President Gary Stern said Tuesday that the drop in oil prices “should help alleviate inflation concerns and inflation pressures as long as this sticks.” In an interview on CNBC, Stern added that the decline in inf

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Budget deficit soars to $102.8 billion in July

posted by MarcB 1383 days ago in USD, Fundamental made popular 1383 days ago

The federal budget deficit soared in July, pushed higher by economic stimulus payments and $15 billion in outlays to protect depositors at failed banks.

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Canadian Dollar Declines to Lowest in a Year on Commodities

posted by pippinallnite 1383 days ago in CAD made popular 1383 days ago

Canada's dollar fell to the lowest level in almost a year after prices of the nation's commodity exports declined.

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Paulson: Give stimulus time to work

posted by warrenbuffet 1384 days ago in USD, Fundamental, GDP made popular 1383 days ago

Treasury Secretary says $168B tax rebate was right size to help economy this year; also says 'a lot of truth' to President Bush quip last month that Wall Street's 'got a hangover.'

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Prime mortgages get hit, dashing recovery prospects

posted by warrenbuffet 1384 days ago in USD, Special, Housing made popular 1383 days ago

More borrowers with good credit are defaulting on their home loans, and that's going to make it even harder for the staggering housing market to recover.

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Highest Unsold Home Supply Since '82 Seen Need 50% Reduction

posted by MarcB 1388 days ago in USD, Fundamental, Housing made popular 1388 days ago

Hovnanian Enterprises Inc., New Jersey's largest homebuilder, cut the number of unsold houses by more than 50 percent over the past two years after lowering prices and still had 1,500 on its books as of April.

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Australia Leaves Key Interest Rate Unchanged at 7.25%

posted by odell 1391 days ago in AUD, Fundamental, Inflation made popular 1391 days ago

Australia's central bank left its benchmark interest rate at a 12-year high and signaled it may cut borrowing costs as slowing economic growth cools inflation.

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Japan Inflation Up, But Experts Aren't Worried

posted by odell 1391 days ago in JPY, Special, Inflation made popular 1391 days ago

The rise of inflation has come as a culture shock to Japan, but a former economics minister isn't worried.

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