Written by Gary
European markets are up but Asian markets are down and at 11 week lows. Oil is down for the fifth day. The Fed hawks are still rattling the sabre for a federal funds rate increase. The dollar strengthened. So is it any surprise the markets are looking to open down?
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from the Philadelphia Fed
-- this post authored by Satyajit Chatterjee
Sovereign default risk has been growing, yet the world lacks an adequate mechanism for averting debt crises. It might be time to resurrect a plan modeled on the U.S. Bankruptcy Code.
Infographic Of The Day: Craziest Cars Owned By Celebrities
We all know that celebrities love to flaunt their new cars. But these celebrities have taken it to a whole new level.
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by Reverse Engineer, Doomstead Diner
Who is RESPONSIBLE for the mess?
When I cruise through the blogosphere reading of tales of woe in the environment, politics and economics, I often run across the sad conclusion from the authors how 'we' failed to change our carbon burning ways or elect the right leaders or correct the imbalances in our economic system.
Written by Jim Welsh
The minutes from the April 27 FOMC meeting were released last Wednesday and they confirmed my analysis of the Fed and moved markets as expected. In the April 25 Weekly Technical Review I thought the hawks on the Fed would argue that if there was a chance for a rate hike in June, the Fed would need to 'communicate' this potential to markets.
Average gasoline prices rose 5.8 cents per gallon nationwide this past week following the previous week's 2.0 cent rise.