ajhaveri's link blog - finance
The world economy | Will the credit crisis trigger a downturn? | Economist.com
slowdown and the 'bernanke put'!
Having delivered a half-point cut rather than a quarter, Mr Bernanke is not yet free of the suspicion that he will follow Mr Greenspan's path. Nor is he surely guilty. His Fed has cut rates with the economy looking ropy—but also with bankers and politicians trying to bully him. The hope is that he acted because he saw a gloomy outlook. The fear is that he did so because it is hard for central bankers to say no.
Euro Reaches All-Time High Against Dollar - New York Times
How much lower can the U.S. dollar go!?!?! We're at an all time low against the Euro and at a 1:1 ratio with the Canadian dollar. Forget talk about a recession, with Gold, Oil, and commodities are record highs, I am more concerned about inflation. Wages definitely will not keep up.
Investors around the world dumped the dollar today, pushing it to an all-time low of 1.40 against the euro and to parity with the Canadian dollar for the first time in three decades as currency traders digested the full implications of the Federal Reserve’s new course for interest rates.
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