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Category Archives: Fiscal Policy
U.S. stocks declined for a third day, as the Dow lost 94 points or 0.6% Tuesday.
This past week saw some important milestones for stocks and for currencies, none more dramatic than the 6.7% rise in Tokyo stock prices to five-year highs even as the yen was falling to a four-year low of under one cent.
U.S. investors carried last Friday’s pessimism into trading on Monday, sending stocks down again in abbreviated Christmas Eve trading.
Stocks opened the penultimate week of 2011 to the down side, with the S&P 500 losing 1.2% on Monday.
It certainly wasn’t pretty, but most of the world’s stock markets sandwiched four days of rising prices around a horrendous Wednesday, and most stocks came out ahead for the week.
Federal Reserve Chairman Bernanke spoke today on the economic outlook and monetary policy, and unlike his remarks in August, today’s comments were met with an unappreciative decline in stock prices.
Q: When can a GDP growth rate of 1.3% be considered a good report? A: When it follows a 0.4% rate in the prior period.
Ta da da, da da: the debt ceiling debate in Washington is the central story in the markets today and, we suppose, increasingly through August 2.
U.S. stock prices rose sharply again on Thursday, following up on European share price gains that arose out of European Union efforts to aid Greece and put the Euro debt crisis to rest.
Stock price changes were relatively muted Wednesday, while Treasury bond prices moved violently lower, especially the long Treasury and the long TIPS bond.