photo by ellhoisa
Quote for the day:
Most people would succeed in small things if they were not troubled with great ambitions.
- Henry Wadsworth Longfellow, Driftwood
In the news:
The dollar hit a 3 month high against the yen after Federa Reserve Chairman Ben Bernake said economic risks have faded and that the central bank will strongly resist waning confidence in stable prices. The futures market is pricing a 55% chance the Fed will raise rates at its August 5th meeting.
The U.S. trade deficit hit $60.9 billion up from a revised $56.5 billion in March. This is the highest deficit since March 2007. Economists had expected the deficit to reach $60 billion.
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Quote for the day:
Most people would succeed in small things if they were not troubled with great ambitions.
- Henry Wadsworth Longfellow, Driftwood
In the news:
The dollar hit a 3 month high against the yen after Federa Reserve Chairman Ben Bernake said economic risks have faded and that the central bank will strongly resist waning confidence in stable prices. The futures market is pricing a 55% chance the Fed will raise rates at its August 5th meeting.
The U.S. trade deficit hit $60.9 billion up from a revised $56.5 billion in March. This is the highest deficit since March 2007. Economists had expected the deficit to reach $60 billion.
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