7 votes
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Up, Up and Away ...
Half the world is living with double-digit inflation, as boom gives way to bust.
6 votes
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Lies, Damned Lies and Inflation Statistics
Developing countries like China are infamous for fudging economic stats, but in reality, lying about inflation is as American as baseball.
6 votes
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Glass-half-full take on the US economy
Just for a minute let's set aside all the bad things plaguing the financial world. Even in these gloomy times, there's some good news worth checking out.
8 votes
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Fed Watch: What the Pros Are Saying
What will Ben Bernanke & Co. do—and say—at the Fed Open Market Committee's Aug. 5 meeting? Wall Street economists speculate.
8 votes
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Loonie Loses Currency Wings as Canada Hurt by U.S.
Currency traders are beginning to realize that for all its riches in oil, copper and lumber, Canada's economy may not be so different than the U.S. after all.
6 votes
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The FX Market is Growing Worldwide
Last year, the Bank of International Settlements announced that FX market volume increased 71 percent between 2004 and 2007 and amidst all of the financial market turmoil, trading is on the rise once again.
10 votes
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Dollar Steady Versus Other Majors Monday Morning
The dollar was on pause versus other major currencies Monday morning in New York as traders looked ahead to later this week for key data on the labor market.
12 votes
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Pound Falls, Gilts Rise as House Prices Drop Most Since 2001
The pound fell against the euro and the dollar and gilts rose after U.K. house values dropped in July by the most in at least seven years, increasing concern the economy is headed toward a recession.
11 votes
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Dollar Falls Against Euro, Yen on Widening Bank-Loss Concern
The dollar fell from near a three- week high against the euro and declined from its strongest in a month versus the yen on concern U.S. credit losses will widen.
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German GfK Consumer Confidence Weakest Since June 2003
The German consumer confidence for August deteriorated to its weakest level in more than five years, adversely influenced by fears of recession, continuing financial market crisis and record price increase, resulting from rocketing energy prices.
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Crude Drops To Seven-Week Low
Crude oil added to a seven-week low with another significant decline on Friday Light sweet crude for September delivery moved to $123.26, down $2.23 on the session. Crude touched as low as $122.50, its lowest mark since early June.
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Senate Passes Housing Bill
The Senate gave final approval to a housing bill to help struggling homeowners and support struggling mortgage giants Fannie Mae and Freddie Mac Saturday.


