On November 19th, Charles Plosser, president of the Federal Reserve Bank of Philadelphia, said the time was not right for the Fed to raise rates. Since then, he seems to have reconsidered.
Policy makers are likely to continue backing a weak dollar until the economy shows substantial improvement, Pimco’s Bill Gross told CNBC.
Worse-than-expected unemployment data Friday reinforced that the country is still struggling to escape the worst downturn since the Great Depression, said Gross, co-CIO of Pimco, which runs the world’s largest bond fund.
The Federal Reserve is [...]
The US is too dependent on Japan and China buying up the country’s debt and could face severe economic problems if that stops, Tiger Management founder and chairman Julian Robertson told CNBC.
“It’s almost Armageddon if the Japanese and Chinese don’t buy our debt,” Robertson said in an interview. “I don’t know where we could get [...]
Jim Rickards, director of market intelligence for scientific consulting firm Omnis, shares his outlook for the dollar.
Cashin said the reflex rally in the dollar will cause equities to fall.
“Almost all the asset classes have been moving directly in relationship to the dollar,” said Cashin.
“You don’t even have to look at the news ticker anymore—you just tell me what the dollar’s doing and I can tell you what stocks, oil and gold [...]
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