Category: US Economy

Bernanke has no idea where half a trillion dollars went

Bernanke has no idea where half a trillion dollars went

This is Ben Bernanke saying he has no idea where $500 Billion went after they were swap against Euro. Bernanke also failed to tell why the dollar exchange rates changed by 20% during the...

Will US peg Dollar to Gold again, China is afraid: Wikileaks

Will US peg Dollar to Gold again, China is afraid: Wikileaks

Wikileaks has uncovered a declassified cable from John Huntsman indicating China’s clear understanding of the growing tension and comprehension of the ability of the US to entirely destroy it economically with one swipe of...

Poverty rising and income falling in US

US census report is out and it is disheartening. The U.S. poverty rate rose to the highest level in almost two decades and household income fell in 2010, underscoring the lingering impact of the...

US Treasury Yields indicating recession might be near: Bill Gross

US Treasury Yields indicating recession might be near: Bill Gross

Historically, fall in government bond yields to a very low level are indicative of onset of recession. If current yields have to be believed the recession might be nearing, thinks Bill Gross of PIMCO....

Why Treasury Yields went down when US was downgraded ?

Why Treasury Yields went down when US was downgraded ?

This was a phenomenon which one hardly sees in his lifetime. When US was downgraded from triple A rating to AA+ by S&P on 8 Aug 2011, it was thought US Treasury yields would...

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