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  • What does the Japan-China switch mean for global markets?: Much has been made of the news that China, not Japan, is now the world's second largest economy, behind the United States of America. It's the beginning of a new Chinese century, many say. Children in the West should prepare to learn Mandarin, and China will soon grow bolder as it flexes its military and economic muscle. Read more
  • Federal Reserve will buy government debt: The Federal Reserve will buy up long-term U.S. Treasury notes, reports the NYTimes. The paper broke the news of further quantitative easing measures and a comment from the Fed that "the pace of recovery in output and employment has slowed in recent months." Read more
  • Dollar rally pushes down commodities prices: Traders retreated for safer havens on Tuesday, as they awaited signals from the Federal Reserve meeting that began at 8:15 a.m. The dollar climbed, pushing down the prices of a wide array of commodities. Read more