Federal Reserve action swipes gold. →
Sept. 22, 2011, 7:20 a.m. EDT By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) — Gold futures tumbled sharply on Thursday in European trading hours as the dollar rallied in the wake of a bond-swap program announced by the Federal Reserve, though some analysts said the safe-haven attraction for the metal would likely resume. Read more »
Fed deals economy another blow →
Sept. 21, 2011, 4:03 p.m. EDT By Kate Gibson, MarketWatch NEW YORK (MarketWatch) — U.S. stocks fell sharply Wednesday after the Federal Reserve again moved to lower interest rates on consumer loans and noted “significant downside risks” to the economic forecast. Wall Street’s negative reaction came as analysts noted divisions within the central bank, and questioned how much relief its latest...
GOP leadership urges Fed to do nothing →
Even though the financial markets have been counting on the Federal Reserve to take action, Republican Congressional leadership sent a letter to the Federal Reserve chairman on Tuesday evening urging it not to engage in further stimulus. Read more » Hurrah! for the GOP though it may be a case of too little, too late. This is what the Fed should have done eons ago before it...
New TV Season, and Fewer Viewers →
With more young adults tuning out this TV season, the industry is confronting a generation of viewers who say they won’t pay the typical $75 monthly cable or satellite bill. Nielsen (NLSN), whose TV ratings influence ad rates, in May cut the estimated number of U.S. TV households by 1 percent, to 114.7 million, the first drop since 1990 Read more »
China to 'liquidate' US Treasuries, not dollars →
The debt markets have been warned. A key rate setter-for China’s central bank let slip – or was it a slip? – that Beijing aims to run down its portfolio of US debt as soon as safely possible. The Chinese are clearly vexed with Washington, viewing the Fed’s QE as a stealth default on US debt. (via continuum)
Does the Euro Have a Future?
quotingthecrisis: “To resolve a crisis in which the impossible becomes possible it is necessary to think about the unthinkable. To start with, it is imperative to prepare for the possibility of default and defection from the eurozone in the case of Greece, Portugal, and perhaps Ireland. To prevent a financial meltdown, four sets of measures would have to be taken. First, bank deposits have to be...
Hoist the umbrellas: It'll be raining space junk... →
NASA says the chances are slim; still your chances of being bombarded by falling space junk later this week are far better than your chances of winning the lottery. by THE ASSOCIATED PRESS CAPE CANAVERAL, Florida September 20, 2011 CAPE CANAVERAL, Florida (AP) — NASA scientists are doing their best to tell us where a plummeting six-ton satellite will fall later this week. It’s just...