U.S. recovery expectations drive dollar up, gold down (Washington Post)
Wednesday, December 23rd, 2009
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NEW YORK — Optimism about the economic recovery Monday encouraged investors to buy stocks and dump U.S. Treasurys, while gold prices fell as investors expected the dollar to remain firm in the beginning of 2010.
Yearender: Italy faces uncertain recovery in absence of structural reforms (People’s Daily)
by Silvia Marchetti Italy’s economy in 2009 has not been heavily damaged by the global downturn but still faces uncertain recovery in the absence of structural reforms. The limited international exposure of the country’s financial system has avoided a direct impact from the global crisis. Moreover, there were no bank defaults, and the center-right government of Prime Minister Silvio Berlusconi …










