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Larry Summers Says Trump Set Stage For Inflation: Republicans' Willingness To 'Send Country Into Default Is Chilling'
Monday, January 2, 2023 - 9:10am | 528Read More...Former Treasury Secretary Lawrence H. Summers said that former President Donald Trump, in many ways, set the stage for the inflation that the U.S. is witnessing and criticized Republicans over their "irresponsible" stance over the debt limit. “Going back to...
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Market Primer: Monday, September 23: Merkel Victorious, Coalition Was Not So Lucky
Monday, September 23, 2013 - 6:46am | 832Read More...Angela Merkel and her conservative party won German elections on Sunday, but she will not have an absolute majority in Germany’s lower house of parliament. Her junior coalition partner, the Christian Democratic Union fell short, leaving Merkel to find a new leftist partner. Top News In...
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China Continues Currency Manipulation Scheme?
Tuesday, September 13, 2011 - 1:28pm | 308Read More...On Tuesday, rumors persisted that China would enter the market for Italian debt, either directly or in the form of acquiring Italian industrial holdings. The move initially provided support for the EUR/USD pair, before the trade reversed when it was reported that the rumors had little merit. News...
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Dollars & Change: 5 Reasons Why Americans Should Not Lose Hope
Tuesday, August 2, 2011 - 12:40pm | 1369Read More...Given the flurry of depressing financial headlines recently, many Americans are not without good reasons to feel down in the dumps about the economy and the nation in general. The recent US debt ceiling debate only seemed to accentuate many of the frustrations that Americans have to deal with on a...
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Investors in U.S. Government Could See $100 Billion Loss if AAA Debt Rating is Downgraded
Monday, June 27, 2011 - 6:48am | 305Read More...Investors in United States government debt could see a loss of up to $100 billion if the the government loses its pristine AAA rating, according to S&P Valuation and Risk Strategies. “If Standard & Poor's or any of the other major rating agencies downgrade the U.S., Treasuries would likely...
