There were indications on Tuesday that a turn-around was emerging the day after stocks in the United States were battered, as investors awaited the results of a Fed policy board meeting.
fed policyStocks Post Gains in Break From Gloom on Wall StreetNYT > Business Tue, 08/09/2011 - 10:53
The Fed, China, the Dollar, and More Profits For BanksNewsvine - business Sat, 12/05/2009 - 11:34
This article explains the weak dollar, the power of China over the dollar, and how current Fed policy (almost 0% interest to banks) is a windfall for the banks--and explains why Geithner said the US wanted a strong dollar. |
