A-O Economic News Round Up 5-25-9
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The A-O Report
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Economic News Round Up
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For Week-Ending 5-25-9
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Editor's note: Due to the crush of news and a raft of economic news from this past week, we've separated the economic news into its own separate page for this past week.
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Fed Monetary Crisis Looms
Inflating Monetary Supply May Come Soon
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Day of Reckoning For US Dollar?
US Could Lose AAA Status!
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Dollar Hits New Lows
USA's Triple-A Rating In Danger
The US dollar continues to slide in value around the world on fears that US inflation would make investing in US debt a losing proposition. Concerns mount that America's Triple A (AAA) bond rating could be revalued.
All of this is based on concerns that excessive borrowing to finance deficits could trigger skyrocketing inflation that would make investing in US Treasury securities a losing proposition as payback would be made with dollars that would be worth far less in the future than the value of the dollar today. That means, foreigners fear that buying US Treasury Bills and Bonds could cost them money relative to their own nation's currency values.
The problem is exacerbated by increasing demands of the Obama Administration and Congress in their attempts to continue to bail out the economy with massive give-aways and buy-outs of banks and major corporations like GM and Chrysler. For more on the sagging value of the dollar and America's bond ratings, . Additional coverage - LINK HERE.
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US Gov't To Take Over GM?
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Obama's New Auto Rules
To Transform US Auto Fleet
Some soccer moms will have to give up hulking SUVs. Carpenters will still haul materials around in pickup trucks, but they will cost more. Nearly everybody else will drive smaller cars, and more of them will run on electricity. The higher mileage and emissions standards set by the Obama administration on Tuesday, which begin to take effect in 2012 and are to be achieved by 2016, will transform the American car and truck fleet.
LINK HERE for more details.
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Greenspan: Crisis Has Yet To End
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Consumers Face Higher Prices
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Oil To Hit $75
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