Prophecy in today's headlines

Federal Reserve Puzzled By Yield Curve Steepening

The Federal Reserve is studying significant moves in the U.S. government bond market last week that could have big implications for the central bank’s strategy to combat the country’s recession. But the Fed is not really sure what is driving the sharp rise in long-dated bond yields, and especially a widening gap between short and […]

Day Of Reckoning Looms For The U.S. Dollar

The U.S. dollar’s day of reckoning may be inching closer as its status as a safe-haven currency fades with every uptick in stocks and commodities and its potential risks – debt and inflation – are brought under a harsher spotlight. Ashraf Laidi, chief market strategist at CMC Markets, said Wednesday a “serious case of dollar […]

Where Are The $ Trillions Going?

Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is. Bloomberg Story

Dollar Spirals Downward

The world’s biggest currency-trading firms say the dollar’s appeal as a haven amid the financial crisis all but evaporated. The U.S. currency slid to a 13-year low against the yen today and had its biggest one-day decline versus the euro after the Federal Reserve reduced its target interest rate yesterday to a range of zero […]