The trade deficit of the US ballooned to over $40 billion leading the markets lower after the opening bell. Bernanke jumped at the chance to assist the market deterioration and announced “[we] need to tighten financial conditions by raising short-term interest rates.” Equities were almost universally lower as traders digested this news at the pub. [...]
Amazon took the offensive today launching a series of attacks against Apple’s iPad factories. The majority of these attacks were stunted by Apple’s iForceField technology. Amazon acquired the weaponry and munitions from Taiwan which had previously bought them from the US. Analysts say it is unclear why China tried to prevent this earlier weapons sale. [...]
Market Jitters caused a slight decrease in the Dow Jones (-194) today as several revelations from the market makers gave traders pause. Bernanke revealed that the Federal Reserve has been selling treasury bonds and using proceeds to purchase Pokemon trading cards as “the best returning asset of this generation.” Major indexes were flat on this [...]