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General Financial News - August 2010
- What does the Japan-China switch mean for global markets?: [2010 Aug 16 02:11 PM] 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: [2010 Aug 10 02:14 PM] 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: [2010 Aug 10 12:40 PM] 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
- U.S. unemployment steady at 9.5 percent, but jobs fall: [2010 Aug 06 10:41 AM] The much-anticipated jobs and U.S. unemployment figures from the Department of Labor came out to vindicate the bears, with a single caveat. In total, the U.S. shed 131,000 jobs in July; however, that figure included 143,000 temporary workers at the 2010 Census leaving their positions. Read more
- Renminbi future remains murky as many hope for floating currency: [2010 Aug 04 02:19 PM] The sheer number of people with a strong personal stake in the future of the renminbi is staggering. Laborers in China's coastal provinces, central bankers around the globe, consumers across the developed world and workers in America's factories will all feel changes large and small if the Chinese currency regime changes. Read more
