
Time names Ben Bernanke person of the year for 2009
NEW YORK (MarketWatch) -- Time magazine on Wednesday named Federal Reserve Chairman Ben Bernanke its person of the year for 2009, saying the story of the year -- the weak economy -- could have been far worse if not for the mild-mannered academic. Read articleWhy Precious Metals Aren't in a Bubble
Critics of precious metals investing have called gold and silver a bubble, further claiming that today's higher prices will fade as economic conditions improve. Although gold and silver prices are much more expensive than they were even a few years ago, gold and silver are hardly near bubble status. Read articleGold Buying by Central Banks May Send Signal to Sell
Dec. 16 (Bloomberg) -- Some of the biggest buyers of gold may be sending the strongest signal to sell it, if past performance is indicative of future results. Read articleTrade group slams plan to grant Fed oversight over mutual funds
NEW YORK (MarketWatch) -- The mutual-fund industry is unhappy with elements of the financial reform bill passed by the House of Representatives last week, claiming that the proposals would go too far in their reach over funds. Read articleU.S. Senators Propose Reinstating Glass-Steagall Act
Dec. 16 (Bloomberg) -- U.S. Senators John McCain and Maria Cantwell proposed reinstating the Depression-era Glass-Steagall Act that split commercial and investment banking to rein in Wall Street firms in response to the financial crisis. Read articleStocks, Oil Advance as Dollar Weakens Before Fed Sets Policy
Dec. 16 (Bloomberg) -- U.S. and European stocks rose on speculation the Federal Reserve will say it plans to hold its benchmark interest rate at a record low for an extended period to sustain the global economic recovery. Oil and metals rallied as the dollar fell. Read article ![]() |
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