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Gold breaks the rules – MarketWatch "In a world where governments are openly devaluing their fiat currencies in an attempt to ease increasing stimulus debts and increase exports, central banks are figuring out the best way to preserve their wealth: the U.S. dollar and gold. Look for them to trade up together," (tags: gold U.S._dollar)

Hedge funds raise bets against euro – FT.com Hedge funds are raising their bets against the euro amid growing fears of a regulatory backlash against their trading positions on the specific sovereign debt of Greece and other weak eurozone economies. (tags: euro hedge_funds Greece debt) U.S. Said to Tell Hedge Funds to Save Euro Records … Read more

Illinois stuck in a ‘historic, epic’ budget crisis – chicagotribune.com Talk of major tax increases coupled with draconian spending cuts is building in Springfield (tags: Illinois govt_spending debt) Ritholtz on Bailouts, the Fed, and the Crisis | EconTalk | Library of Economics and Liberty Barry Ritholtz, author of Bailout Nation: How Greed and Easy Money … Read more

Pound Has Problems of Its Own – WSJ.com While experts debate the fate of Europe's crisis-racked currency, it appears the British pound may be heading for its own little nightmare. (tags: British_pound currency) More Often Than Not, the Insiders Get It Right – CNBC Corporate insiders are sending fairly positive signals about the market. When … Read more

How long can the U.S. dollar defy gravity? The only time the U.S. dollar ever took a serious shellacking in the marketplace, the wounds were almost entirely self-inflicted. (tags: U.S._dollar)