On Today's Drop in Gold
Good news for the euro is bad news for gold, at least in the near-term.
Good news for the euro is bad news for gold, at least in the near-term.
Some small upside surprises -- it's still an "expansionless recovery," not a "double dip."
No depression, and no "double dip." Still it's hard to recover from a great bear market.
It's a test to see if disunited Europe can establish new rules and play by them.
Intel's sales are back above trend -- but that leaves the economy still far below.
Bernanke disappointed the "double dip" crowd, but it was still a step toward more easing.
By ruling out the effect of sovereign default on banks, the EU is ruling it out as a cause.
New hopes for extending the Bush tax cuts, no carbon tax, and an easy Fed.
The recession was worse than we knew, making this recovery even more "expansionless."
There's one policy option for next week's FOMC that would be both powerful and gradualist.