"For the ancient Greeks it was the three fates that spun the destiny of life, measuring and finally cutting it short. Now, highlighted by events of the past few days, the unmistakable hands of reserve currency, monetary, and fiscal fates can be seen in the dollar’s latest unraveling," writes author Charles Goyette. Read More
The market will be challenged by plenty of economic news in the coming week, as investors look for signs the recovery is taking hold. But the market could trend higher as investors rotate into higher quality names. Read More
The US is not going to actively intervene to support the US dollar, but merely try to shape it's domestic policies to ensure a strong dollar. A free floating currency acts as a stabilizer to an economy. Read More
The so-called 'risk trade', where the dollar moves lower while risk assets like stocks and commodities move higher, may be unwinding. Retail earnings season continues with JC Penny reporting. Read More
US Treasury Secretary Tim Geithner has been hitting the air waves and the editorial page during his trip to the APEC conference in Singapore. From Bloomberg to CNBC, Geithner has been consistent in stating that it's very important the US maintain a strong dollar. However, he is advocating the opposite for the Asia-Pacific nations. Read More
'We've got to move to an economy that can produce more jobs. I think that means to be sustained over a period of time, we need to improve our export ability and capacity,' said White House economic adviser PAUL VOLCKER in an exclusive interview. Read More
'Over the last year, the federal government has injected over $200 billion into approximately 600 financial institutions, and guaranteed over $300 billion of their troubled assets. Given the rapidly rising US budget deficit, what was the justification for such large bailouts, and what should be the rationale for bailouts in future financial crises?,' writes Pozen. Read More
Was the point of the financial rescue that our banks should LOSE money? With all of the hand-wringing this week about reported profits at JP Morgan and Goldman Sachs, it seems some people would be happier if our banks had reported losses instead of impressive gains. Read More
I was on the fence for a while as to whether Congress would extend the $8000 first time home buyer tax credit and whether the Administration would stand behind that, but I'm getting some clues that have pushed me over the side. I think it may happen. Read More