It is unclear whether they are looking for more money or are shifting spending from the “out years” into this year. Given that the economy looks like it is recovering organically (with a big assist from the Fed), the stimulus will likely come too late to help much, as usual.
Biden: Obama to ramp up stimulus on Monday
Source: www.forexlive.com
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Bernanke and Paulson to testify before House
Darrell Issa from the House oversight and government reform committee is on the Reuters newswire saying that Fed chairman Bernanke and ex-treasury secretary Paulson will be subpoenaed if necessary to testify before the House on Bank of America’s acquisition of Merrill...
World still in deep recession- ECB
Following on from the Belgian central bank pronouncements, ECB member Guy Quaden was also on the Reuters newswires. He sounded none-too optimistic; Europe and the World are still in deep recession Interest rates are at appropriatre levels World’s financial system is not healthy...
New Zealand leave rates unchanged
The NBNZ left rates unchanged earlier this morning amid signs that the severe recession is easing in the land of the long white...
FOREX-Euro rises on ECB rate view; US jobs data loom
By Gertrude Chavez-Dreyfuss NEW YORK, June 4 (Reuters) - The euro edged higher against the US dollar on Thursday as the European Central Bank signaled it ... See all stories on this...
Heart Walk for Aleksei the Lionheart!
Hello all, As you know all I recommend giving back and helping each other when possible. John Alexander aka "johnnyjet" has been with us for over three and a half years now starting with the group when it just started at a time when there was no resources including chat room and just some emails....