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Consumer cut in spending the most since 1980

posted by odell 1198 days ago in USD, Fundamental, Retail Sales made popular 1198 days ago

Scared and out of money, Americans stopped buying everything from cars to corn flakes in the July-September quarter, ratcheting back spending by the largest amount in 28 years and jolting the national economy into what could be the most painful r

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Federal Reserve and IMF are Getting Good with Handouts

posted by joemama 1199 days ago in USD made popular 1198 days ago

Does the 'establishment of temporary reciprocal currency arrangements' mean anything to you? Yeah, it kind of went by me in a blur the first time I read it. Basically, this has become one of the side shows for the Federal Reserve.

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European markets rise on strong earnings, rate cuts

posted by kulas 1199 days ago in EUR, Fundamental, Daily made popular 1198 days ago

The European markets rose for the third day on Thursday after Deutsche Bank, AstraZeneca and Metro reported better than expected earnings and central banks from Washington to Hong Kong cut interest rates.

1 Comment

Japan's desperate £260bn bid to kick-start economy

posted by olivia 1199 days ago in JPY, Inflation made popular 1198 days ago

Japan is to give emergency cash hand-outs to every household in the country regardless of whether they are rich or poor as a part of $260bn (£159bn) blitz to kick-start the world's second-largest economy and prevent a slide back into deflation.

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If you build it, how do you make them shop?

posted by mintchocolate 1199 days ago in GBP, Fundamental, Employment made popular 1198 days ago

With the economy plunging into recession and growing fears of large-scale job losses, people are keeping a tighter grip on their purse strings. But shopping centres have always been one step ahead in getting the consumer to splash cash.

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Weekly jobless claims hold steady in latest week

posted by Valerie 1199 days ago in USD, Employment made popular 1198 days ago

Jobless claims held steady in the latest week after a jump in the previous period, the government reported Thursday.

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Markets cautious as economic outlook darkens

posted by czarinacleopatra 1212 days ago in JPY

TOKYO: Worries about the spluttering global economy kept investors on edge Friday, although efforts by governments to keep credit flowing helped to calm recent panic on world markets.

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Dollar Falls Versus Euro as Traders Increase Bets on Fed Cut

posted by MarcB 1234 days ago in USD, EUR, Fundamental made popular 1234 days ago

The dollar fell against the euro for the first time in three days after traders increased bets the Federal Reserve will cut borrowing costs as banks' reluctance to lend threatened to slow economic growth further.

1 Comment

Buy Euro as Dollar May Decline Toward $1.53, Citigroup Says

posted by pippinallnite 1234 days ago in USD, EUR, Fundamental made popular 1234 days ago

Investors should buy the euro against the dollar as weakness in the world's largest economy and a slow adjustment of its housing sector will push the greenback lower, according to Citigroup Global Markets Inc.

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5 Ways to Diversify Away from the Dollar

posted by trade2win 1235 days ago in USD, Special made popular 1234 days ago

Fortunately today, we have some great investment options available to us that were not around even a few years ago. Here are five easy ways you can diversify out of the dollar:

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Copper Drops in N.Y. as Falling Home Sales Signal Slower Dem

posted by maximumpips 1235 days ago in Metals made popular 1234 days ago

Copper fell for a second day on speculation that the depressed U.S. housing market will continue to stifle economic growth and reduce metals demand.

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Bernanke: Grave threat demands plan's passage

posted by pipsmgee 1235 days ago in USD, Fundamental made popular 1234 days ago

It is imperative that Congress pass the administration plan put forth by Treasury Secretary Henry Paulson to buy up to $700 billion in toxic debt because of the grave threat faced by a severe credit crunch, Federal Reserve Chairman Ben Bernanke s

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