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If You Can't Beat 'Em, You Can't Eat 'Em
Thursday, August 18, 2011 - 3:01pm | 161Tech Crunch has a report out that Samsung has decided since it can not beat Apple (NASDAQ: AAPL) at the tablet game, it might as well give them away for free. The South Korean electronics manufacturer is teaming up with Best Buy (NYSE: BBY) to give away Samsung Galaxy Tab 10.1 tablets if you buy a...
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Why There Will Be No QE3
Thursday, August 18, 2011 - 11:07am | 803Millions of investors, traders and money managers are pinning their hopes on one phrase. Trillions upon trillions of dollars are at stake here. Sorry to disappoint. There will be no QE3. Not on August 26th, anyway. This morning we got July Consumer Price Index (CPI), and it was extremely hot...
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Government Sachs Says To Expect QE3
Friday, August 5, 2011 - 2:56pm | 894Jan Hatzius, the prestigious economist at Government, err Goldman Sachs (NYSE: GS) came out with a report this morning and told us to expect some kind of QE3 announcement when the Federal Reserve meets next week. This is from his note this morning, thanks to ZeroHedge: "We have lowered our...
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Could We See QE 2.5?
Tuesday, April 19, 2011 - 8:32am | 264Hold your horses stimulus bears, Ben Bernanke might not be done yet. According to this Bloomberg article, Federal Reserve Chairman Bernanke may do a "QE 2.5", as the economy appears to be too weak to just stop stimulus all together. This would require the Federal Reserve to invest the proceeds of...
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William Dudley: We Won't Let Inflation Start
Monday, February 28, 2011 - 9:41am | 126President of the New York Federal Reserve William Dudley said that the Fed not let inflation "gain a foothold." Dudley is set to give a speech today, and these comments are part of the speech on economic and monetary policy outlook. Dudley said the economy is stronger than it was six months ago...
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William Dudley Says Economy 'Not Yet Well'
Monday, February 14, 2011 - 11:26am | 96New York Federal Reserve President William Dudley said at a press conference this morning that the economy is healthier than it has been recently, but it "is not yet well". Dudley said the jobs data for the past two months was "quite difficult to interpret." Expectations for the December and...
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Interesting Coincidence Or Conspiracy Theory?
Wednesday, December 29, 2010 - 4:46pm | 68A tweet from Zerohedge shows an interesting nugget of information from Bill Dudley's schedule. The day before the March lows on the S&P 500 which was at 666, Bill Dudley, president of the New York Federal Reserve, had 3 blocked out, and blacked out, "personal appointments." Could it just be an...
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Is QE3 Around The Corner?
Tuesday, November 16, 2010 - 9:48am | 148Federal Reserve Vice Chairwoman Janet Yellen and New York Fed President William Dudley were out defending the latest round of quantitative easing, saying that it wasn't meant to push down the dollar. In a stunning move, Yellen said she would consider an additional round, if she thought it would...
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Dudley: Further Easing Likely Warranted
Friday, October 1, 2010 - 2:56pm | 150Bloomberg is reporting this afternoon that Federal Reserve Bank of New York President, William Dudley, believes the outlook U.S. job and economic growth, as well as inflation, is “unacceptable.” Mr. Dudley said that the Federal Reserve would probably need to take further action to spur a recovery...
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Fed's Dudley: We'll Kill The Dollar Somehow
Friday, October 1, 2010 - 9:18am | 341Federal Reserve Bank of New York President William Dudley said that job growth and inflation targets are “unacceptable”, and the Fed will do whatever it can to kill the dollar, I mean add stimulus. "We have tools that can provide additional stimulus at costs that do not appear to be prohibitive,”...
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Bernanke Concerned About Job Market
Thursday, April 8, 2010 - 12:21pm | 437According to a report by Bloomberg, ruling out raising the interest rates in the near future, the chairman of the Federal Reserve, Ben Bernanke, and his top lieutenant William Dudley said that the economic recovery is yet to produce any significant recovery in the job market. Speaking to business...