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Wall Street optimism gives economy a break from the doom and gloom
For the first time since last April, Wall Street bond investors are seeing the economic glass as half-full. Interest rates on Treasury bonds have been rising slowly and subtly over the past week – and that may indicate that Wall Street believes the economy is finally going in the right…
Ohio GOP Senate hopeful shorting U.S. Treasury bonds and betting on default
Republican Josh Mandel, the former Ohio congressman and State Treasurer who is running against Sen. Sherrod Brown (D-OH) to represent Ohio in the Senate, has positioned himself and his wife financially to reap a significant profit if the U.S. government fails to raise the debt ceiling and defaults on its…
U.S. Fed set to gingerly lift foot off stimulus pedal
WASHINGTON (AFP) – The Federal Reserve appears ready to ease off the stimulus pedal that is pumping life into the US economy at a key meeting that opens Tuesday, despite signs of slowing growth. Most economists expect the Federal Open Market Committee will signal the Fed’s $600 billion asset purchase…
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