What could California have done with $9.68 million?
Wonks see recession ending; U.S. public sees it as less 'serious'
From Tom Petruno's Money & Company blog in the Los Angeles Times:
The wonks at the Organization for Economic Cooperation and Development see the global recession at an end.
The American public still believes the U.S. is in recession. Even so, people are less worried about the economy than they were in the spring, a new CNN poll shows.
Blue Chip, White Cotton: What Underwear Says About the Economy
For one answer to the nation's most pressing economic question -- when will the recession end? -- just take a peek inside the American man's underwear drawer.
There may be some new pairs there, judging by recent reports from retailers and analysts, and that could mean better days ahead for everyone.
Lessons of Financial Crisis Forgotten In Heady Speculation
Financial crisis or the Great Recession, if you still remember them, seems so far away… we are now in the best six-month stock market rally since 1933. The bulls have been running riot in the stock market, seemingly unassailable and making money effortlessly, while the bears are licking their wounds.
Bernanke Reappointment Non-Event; Traders to Focus on Consumer Confidence
Today President Obama is expected to reappoint Fed Chairman Bernanke to another term. This news did not come as surprise to the markets especially after Bernanke’s upbeat speech late last week regarding the economic recovery in the U.S. Traders also figured that he would stay on board especially since there is still a long road to recovery before the Fed begins to raise interest rates.
Dollar to Rise if U.S. Leads World Out of Recession
Now that U.S. Federal Reserve Chairman Bernanke has declared the global economy is beginning to emerge from its worst crisis in generations, the emphasis will be on whether central banks continue to work together to prevent a crisis like this from happening again or if each will take it own path to assure the path to recovery is smooth.
Weaker Equity Markets May Trigger Rally in U.S. Dollar
U.S. equity markets are beginning to show signs of weakness which could be signaling an end to the current weak Dollar scenario. Trader appetite for risk may be waning as investors look to take their funds out of risky assets while they wait out a possible short-term decline in equity prices.