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A Tale of Two Landings: Part II

…the matter: what will the two big Asian CBs do if confonted with suddenly increased pressure on the dollar? I still find the answer to that question to be elusive….

Yikes

…in its reserve holdings. But the publicity garnered by the Bank of Korea document on Monday and yesterday helped revive one of the looming concerns that pressure the dollar: that…

Developments in the Currency Markets

…might follow suit, the Korean comments led to a general wave of dollar selling. George Soros, the US investor, kept the pressure on the dollar by claiming that oil exporters,…

President Bush Decries Social Security Scare Tactics

From CNN: OMAHA, Nebraska (AP) – President Bush, on a campaign-style road trip to pressure recalcitrant Democrats and reluctant Republicans on a Social Security overhaul, warned Friday against “scare tactics”…

Building Inflation Pressures?

…the prospects for further weakening of the dollar, provides some interesting tidbits about the possibility that inflation pressures may be building: Bridgewater Associates’ Daily Observations observed yesterday: “The striking theme…

Watching Oil

…barrel in late August. Rising geopolitical concerns about insecure reserves and the lack of investment to exploit them appear to be the key sources of upward pressure on distant future…

Job Growth in Perspective, Part II

…of spending are allowed; they have the bully pulpit (calls for new spending or tax cuts are more compelling when made during a recession); they can also pressure the Federal…

The Source of Bush’s Budget Assertion

…House understands that if they threw a lot into the supplemental, they would relieve pressure on their 2004 budget.” The following table illustrates. The White House and Congress have indeed…