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WASHINGTON — Two years ago, President Obama popped a surprise into his State of the Union address: His administration would double American exports in five years, helping to create two million jobs. The bold promise sent the eyebrows of economists and policy experts upward, even as they applauded its intent. “How will he perform this miracle?” Leslie H. Gelb, president emeritus of the Council on F
Is this really the end?Unless Germany and the ECB move quickly, the single currency’s collapse is looming EVEN as the euro zone hurtles towards a crash, most people are assuming that, in the end, European leaders will do whatever it takes to save the single currency. That is because the consequences of the euro's destruction are so catastrophic that no sensible policymaker could stand by and let i
FRANKFURT (MarketWatch) — A multi-trillion-yen jolt of currency intervention on a Monday morning is guaranteed to get traders’ attention, but doubts remain over Tokyo’s ability to keep the Japanese currency from strengthening again. A massive round of yen selling by the Bank of Japan on behalf of the nation’s Ministry of Finance saw the currency fall sharply to a three-month low versus the U.S. do
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