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The Fed’s policy of quantitative easing, which was temporarily buttressing demand, is over, and its impact will likely decline over time, imparting a downward bias to growth in the coming quarters.
This fiscal stimulus, which was temporarily buttressing demand, has been largely exhausted and has likely reached its point of peak impact (even if additional fiscal measures are taken), so that its i
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U.S. Treasury Secretary Timothy Geithner said on Friday the Obama administration wants to "maximize the chances" that China will quickly lift the value of its yuan currency and expressed confidence Beijing would decide doing so was in its interest.

His comments, which come as the Treasury Department prepares a hotly anticipated report that could brand China a currency manipulator, suggested th
The double dip is coming - data out Wednesday and Thursday showed the climb out was really a crawl that stalled and the descent may even be underway. Turns out the nation did not lose 5.6 million jobs in the last year, it was 6.9 million. Whoops. Turns out retail sales did not go up in December, they went down. Double whoops. And jobless claims stalled at 444,000 last week - triple whoops? Yes -
The European Central Bank kept benchmark interest rates unchanged at a record low of 1.0 percent on Thursday with the ECB expected to remain in a holding pattern given uneven growth and low inflation.

All 80 economists in a recent Reuters poll had expected rates to remain on hold for the eighth month in a row and all but a handful see the central bank keeping them there well into the second ha
The obvious temptation at this time of year is to a) look backwards - especially given the "end" of a decade [depending on how you count it], and b) go with the "Top Ten" theme - especially given that the New Year is 20-"10". But we're going to keep it simple and look forward with only one resolution: to redically decrease the levels of income inequality in practically every country in the world.
China on Friday revised up its 2008 growth rate to 9.6 percent, taking it well above the originally reported 9.0 percent after calculating that the service sector had been more productive than previously thought.

The upward revision underscored that China was well on track to surpass Japan as the world's second-largest economy in 2010, if not sooner, and has burnt through less energy to delive