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Top Stories Economic Report: Bank of Japan holds steady, sending yen higher The Japanese yen rebounds after the Bank of Japan decides not to add any additional easing measures at its policy meeting.
Mark Hulbert: Insiders help bull market dodge bullet Courtesy of corporate insiders, the bull market appears to have dodged a bullet — yet again. Mark Hulbert explains.
World Bank sees China as drag on emerging Asia The World Bank forecasts slower economic expansion for developing nations in East Asia this year due to weakness in China, and urges governments in the region to look domestically for growth rather than relying on exports.
Asia Markets: Asia stocks tumble; Japan hit on BOJ inaction Asia markets plunge, with European concerns bruising sentiment, and with stocks in Tokyo deepening losses after the Bank of Japan fails to announce any new easing measures.
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May 23, 2012 2:04 AM EDT
Last week was critical to the bigger picture for several reasons. It was the first failed rally attempt since breaking down at the 1130 level. The catalyst for the early August decline was due to the FOMC deciding to invest the proceeds from the agency and mortgage debt obligations into Treasuries. However, this was deemed not enough to either spur forward a weakening economic recovery or prevent deflation. It was the latter that proved to be ... full story >>