I took this picture in upstate NY at a Mobil Gas Station this weekend. If you look closely, you will see that the $3.79 gallon price is taped on top of a previous price of $3.49 per gallon. According to the Gas Station Attendant, prices were just increased in the past few weeks. [...]

Posted in Bernanke, Fed Rate Cut, Fed Rate Cut Expectations, Federal Reserve, Inflation No Comments »

Here is the “In the Financial Papers Radio Broadcast” (Length: 06:39 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy
In the Financial Papers:

 
Podcast Covers:
UBS Faces Large Writedown, CEO Steps Down
Americans Delay Retirement as Housing Stocks Swoon
RBA Leaves Rates Unchanged, Dovish Comments
Japanese Tankan Much Weaker than Expected 4 years
German [...]

Posted in Australian Dollar, Bank of England, Bernanke, DailyFX, FX Radio, Fed Rate Cut, Fed Rate Cut Expectations, Forex Podcast, New Zealand dollar, Reserve Bank of Australia, Trichet, US Dollar, US Economy, Wall Street Journal, retail sales No Comments »

US stocks have fallen over 7 percent since the beginning of the year. For US traders, investors and anyone with a 401k, this certainly feels like a bear market.
However, the performance of US stocks isn’t nearly as bad as the performance of equities in many other countries around the world. According [...]

Posted in Stock Market, Wall Street Journal No Comments »