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How the Fed Started an Economic World War: Let the Currency Wars Begin

Bob Samuels | Posted 05.25.2011 | Business
Bob Samuels

If we follow current global economic trends to the logical conclusion, most of the money in the world will soon be held by a small group of investors who will hold no allegiance to any nation or ideology.

In The Public Interest : New Insights into Preventing Wall Street Meltdowns and Reducing Debt

Phineas Baxandall | Posted 05.25.2011 | Politics
Phineas Baxandall

This Week's Basel Accord and New Poll Show How to Prevent Wall Street Meltdowns and Reduce the Debt with One Tool This week's news made the path for ...

Jason Linkins

Larry Summers Leaving? This Day In The Rumor Mill | Jason Linkins | Posted 05.25.2011 | Business

Josh Green of The Atlantic is convinced that Summers is leaving, "sooner rather than later, possibly before the mid-term elections, and if not then, soon afterward."

Wall Street Speculators Driving Up Oil Prices

Posted 05.25.2011 | Business

WASHINGTON -- Oil consumption has fallen, demand from U.S. motorists for gasoline is flat at best and refiners that turn crude into fuel are operating...

Structural, Not Cyclical

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

There will have to be more difficult decision making to come as America wrestles with her sizable imbalances. Today's struggles in Europe and tomorrow's conflicts here are related.

Currency Trading Explodes: "Traders Can Gamble On The Euro For The Price Of A Cup Of Coffee In Starbucks," Warns Analyst | Patrick Collinson | Posted 05.25.2011 | Business

A fall in the cost of speculating in currencies is allowing hedge funds to make multimillion-pound bets against the euro "for just the price of a cup ...

Obama Finally Takes On the Banks -- Commodity Futures Trading Needs Be Next!

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Since we'll never eliminate the commodity exchanges that trade oil futures, we must at least control speculation and trades.

Chairman of Gazprom Predicts $100 Oil Because of Speculation. Speculation, Really?

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

"Manipulation" is immeasurably more sinister than "Speculation." It bespeaks of controlling, orchestrating and maneuvering to falsify and rig.

That's Not How Bubbles Work

Garrett Johnson | Posted 05.25.2011 | Business
Garrett Johnson

If you want an accurate prediction of when the housing market will bottom: it will be when people have stopped calling a bottom in housing.

The Mystery of the Missing Unemployed Man: On Jobs and Banks

Barbara Garson | Posted 05.25.2011 | Business
Barbara Garson

People are speculating on derivatives and derivatives of derivatives because there's no action in the real world.

The New Economy Won't Be Like the Last One

Sarah van Gelder | Posted 05.25.2011 | Business
Sarah van Gelder

The current economic downturn offers an exceptional opportunity to rebuild and, this time, to make it an economy that works for all.

Are Speculators to Blame for Soaring Oil Prices?

Michael Martin | Posted 05.25.2011 | Business
Michael Martin

Speculators can be to blame for price volatility in the short term -- and by that I mean intra-day. But not for days and weeks. Speculators do not cause trends in commodity prices.

Gensler Confirmed as Head of the CFTC - Will He Be Watching Oil Prices?

Raymond J. Learsy | Posted 05.25.2011 | Business
Raymond J. Learsy

Gensler will have to move away from the agency's "head in the sand" policy of recent years, while defending commodity futures trading against accusations of undue influence.

Brazil's Lula: U.S., Sort Your Banks Out

Diane Francis | Posted 05.25.2011 | World
Diane Francis

"Like the Titanic, no one will escape," Lula said. "First class, third class, everyone will sink with the boat. The role of everyone, from the mass media to business, labor ad politicians, must be examined."

Tomorrow's Info Today: Staying Ahead of the News Cycle

Randall Amster | Posted 05.25.2011 | Media
Randall Amster

From now on, I will only get my news from future-based sources, and thus seek to remain ahead of the curve. Outlandish, you say? Impossible? You are obviously so behind the times.

Curbing the Wall Street Addiction

Stephen H. Dinan | Posted 05.25.2011 | Business
Stephen H. Dinan

While most of the financial world prays that the market has bottomed, another kind of bottoming out is necessary. And that is our own co-dependence with the addict that Wall Street has become.

Bailout Confuson -- All Over The Web (Salient Links)

Stephen C. Rose | Posted 05.25.2011 | Politics
Stephen C. Rose

By Stephen C. Rose Each morning I dutifully post links from sites I value for their news sense or opinion pertinence. Today the general theme is bai...

Wall Street Under Oath: What Have We Learned?

Jeff Biggers | Posted 05.25.2011 | Business
Jeff Biggers

Bailout or otherwise, we don't need no stinkin' commission to understand the roots of the current Wall Street crisis.

The Long-Term Damage Done by Consensus Thinking

Jeff Madrick | Posted 05.25.2011 | Business
Jeff Madrick

The barrenness of the US manufacturing landscape was very much the consequence of a dollar that was too high for too long.

Speculation About Speculation: Does A Hedge Fund's Collapse Pin Oil Prices On Them?

ClusterStock | Corey Lorinsky | Posted 05.25.2011 | Business

Did the collapse of a little-known private oil-marketing firm, SemGroup, play a roll in oil's 14% price drop over the past 10 days? The Wall Street Jo...

Behind Skyrocketing Oil Prices

Robert Weissman | Posted 05.25.2011 | Business
Robert Weissman

Market manipulation may be contributing to the recent oil price spike -- though even in the worst case, it is only part of the story.