Commodity Prices
Bernanke’s Second Chance and Dr. Doom Returns
As if there had been any doubt, Fed Chief Ben Bernanke was nominated for a second term. This is a good move in my opinion. Especially now, switching horses… Read more
Weakening Dollar Good for Jobs, Bad for Your Household Budget
"The question is not whether the dollar will weaken over time, but how it will weaken…" That’s what the CEO of bond giant PIMCO, Mohamed El-Erian, had to… Read more
Even Wal-Mart is Having Trouble
Last week’s better-than-expected payroll data is being offset by new jobless claims today. 558,000 people filed new claims for unemployment benefits. That was more than the median estimate of… Read more
Stocks React to Q2 GDP Numbers?
More Correction Talk
Chinese Stocks Drop 5% Overnight
With the exception of the Nasdaq, the major indices finished yesterday with slight losses. And it looks like an even money bet whether they’ll finish in the red today…. Read more
Outlook for Company Profits Questionable for Remainder of 2009
Failures and a Rescue
GOOG, GE, and NOK Drop on Earnings Reports
The earnings reports are flooding in. And while this season got off to a pretty good start with Goldman (NYSE:GS) and Intel (Nasdaq:INTC), we’ve seen a few companies come… Read more