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Friday, December 05th, 2008
Fed Vice Chairman Donald Kohn said the world would be a lot better if emerging markets simply dropped their dollar pegs. This means they would stop importing U.S. inflation by matching the Fed rate cut for rate cut. In a speech earlier this week Kohn said, “In those countries where strong commodity demands are associated with rapid growth in aggregate demand that outstrips potential supply, actions to…
July 2nd, 2008 | Dan Denning | 7 comments | Continued
| All Ordinaries Id | 3460.60 | |
| S & P/asx 200 | 3526.80 | |
| Nzx 50 Index Gros | 2726.31 | |
| DJIA | 8376.24 | |
| NASDAQ | 1445.56 | |
| S&P 500 | 845.22 | |
| Ftse 100 | 4163.61 |
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