Tuesday, July 17, 2012

Corn, pork bellies, beef carcass futures up -


Dollar, Euro – down on heat wave, drought
MARKETS PLUNGE AFTER FED'S REPORT
It is so dry in the Midwest that the trees are bribing the dogs. So goes the joke from the dust bowl era of the 1930s. In the past two weeks, the US has broken a record number of heat records. - Financial Times on today's economic picture




Libor-
abbreviation for

London Inter-Bank Offer Rate: the standard rate of interest for loans between financial institutions
BERNANKE HAILED AS GREAT STUDENT OF THE GREAT DEPRESSION

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