Monthly Archives: November 2010

Stocks retreat on Asian inflation and Euro Debt fears

NEW YORK (AP) — The Dow Jones industrial average fell below 11,000 for the first time in nearly a month Tuesday as worries mounted about inflation in Asia and as European leaders met to discuss a bailout of Ireland. http://finance.yahoo.com/news/Stocks-retreat-on-Asian-apf-2395909032.html

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Origins of the crisis

Reporters Bethany McLean and Joe Nocera have written a book about the recent financial crisis called All the Devils Are Here. http://www.powerlineblog.com/archives/2010/11/027687.php

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Food price scare as US warns on crop yields

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Fed Easing may mean further dollar drop

The dollar is in danger of losing 20 percent of its value over the next few years if the Federal Reserve continues unconventional monetary easing, Bill Gross, the manager of the world’s largest mutual fund, said on Monday. http://www.cnbc.com/id/39957072

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Feds new bonds purchase

The Federal Reserve will probably introduce an unprecedented second round of unconventional monetary easing tomorrow by announcing a plan to buy at least $500 billion of long-term securities, according to economists surveyed by Bloomberg News. http://www.bloomberg.com/news/2010-11-01/fed-likely-to-announce-500-billion-of-purchases-survey-shows.html

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