A prolonged rise in gas prices could pose a danger to economic growth, said Fed Chief Ben Bernanke. Plus: Higher fuel prices have American Airlines flying a little less than expected this year.
Quantitative easing is simply a dilution of the U.S. Dollar. The Federal Reserve Bank will simply buy $600 billion in U.S. Treasuries over the next six months. This creates currency reserves and causes inflation. Therefore, gasoline, oil, copper, sugar, and most every other commodity that generally trades in U.S. Dollars will increase in price....
In the current economic situation, rising fuel costs are a real threat to the survival of your family. Discover how to save on gas and get better gas mileage so that you can put more money into putting food on the table....
Since late August 2010, the major stock market indexes have rallied sharply higher. The catalyst for the rally was the announcement of QE-2(quantitative easing) by the Ben Bernanke in Jackson Hole, Wyoming. The U.S. Dollar Index has been declining sharply ever since that announcement and the stock markets have inflated higher. Now the Bernank will start holding press conferences after their FOMC announcements....
Both the Asian and European markets rallied along with their respective currencies against the dollar as Federal Reserve Chairman Ben Bernanke was expected to speak to the Senate Banking Committee on Tuesday. Prior to his semi-annual monetary policy testimony, the Euro reached a one-month high against the greenback as the markets expected European Central Banks to hike rates before the Fed....
With the equities markets in complete disarray last week, it is clear the bears have taken the high-ground and bullishness has dropped to its lowest level since March \"��09. Could it happen again? No one knows, but the mood has definitely darkened along with the data. It feels like the calm before the storm....
Oil production has also had a profound effect on Nigeria's domestic sector. One way to characterize its impact is by looking at the rents produced by oil - that is, the returns in excess of production costs - in the Nigerian economy. From 1970 to 1999, oil generated almost $231 billion in rents for the Nigerian economy, in constant 1999 dollars. Since 1974, these rents have constituted between 21 and 48 percent of GDP....
Ben Bernanke gave his testimony to Congress and stated that he sees economic recovery by the end of the year. The reason he sees a recovery from the recession is the stabilization of the United States housing market. We will not know when a bottom has been put in home prices until the bottom has already come and gone....
Demand that far outstrips supply. This demand for oil is not going away. If anything, it will get worse....
Plan B, also called the morning after pill or the "next day" pill is 10 times as potent as a normal birth control pill and could cause nausea, abdominal pain, fatigue, headache, changes in one's period, dizziness, and breast tenderness. It's important to know the risks involved and about your options....
Federal Reserve chairman Ben Bernanke urged banks to lend more to small businesses whose growth and formation depends on access to credit, pointing out that they were “central” to employ at least half of American workers....