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Economists, like doctors and weathermen, tend to hedge what they say carefully, so as to protect their reputation for accurate diagnoses, prescriptions, and prognoses. But the current economic climate is especially conducive to such hedging, because virtually every slice of economic data currently available depicts the U.S. economy as unusually fragile, a mixed bag on its best days.

Full Article: http://feeds.foxnews.com/~r/foxnews/politics/~3/Kt3TAKKo9qs/

Labels: economyusamoney

Economic reports Thursday suggest employers are laying off fewer workers, businesses are ordering more computers and appliances, and consumers are spending with more confidence.

Full Article: http://feeds.foxnews.com/~r/foxnews/politics/~3/FvZ6ZsX2g5o/

Labels: economyusapoliticsworldmoney

The Federal Reserve, forced by Congress to release details on trillions of dollars' worth of loans made during the financial crisis, disclosed the breadth of its lending to U.S. businesses desperate to raise cash and the surprising degree to which it supported struggling foreign banks in the worst days of 2008 and 2009.

The lending, most of which has been paid back, represents the Fed's most aggressive intervention in the economy ever, and included loans to stalwart industrial...

Labels: economyeumoney

Vladimir Putin said it is "quite possible" that Russia will one day join the eurozone and create a currency that would eclipse the US dollar as the global reserve standard.

Speaking at a conference in Germany the Russian prime minister, who is in the country for talks with Chancellor Angela Merkel, said he was convinced the euro would stabilise and strengthen despite the current sovereign debt crisis.

He said: "Yes, there are problems. But the economic policy of the...