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ECB Declines Comment On Currency Market Speculation

The European Central Bank Wednesday declined to comment on financial market speculation that the ECB and other major central banks are preparing to intervene in the foreign-exchange markets to prop up the flagging euro. The talk comes as traders circulate a report from a U.S. think-tank reportedly noting that the Group of Seven leading industrial […]

Fallout in the Subprime Mortgage Market

It is only a matter of time before troubles occurring in the subprime mortgage market spill over into the stock market. Most economists believe more than $1 billion worth of adjustable mortgages are scheduled to reset higher this coming year. In the early parts of 2007 we are already seeing the impact of so called […]