Anti-American protests continue spreading throughout the Middle East. Unrest was reported in as many as 11 different countries, including Egypt, Libya, Yemen, Morocco, Iran, Iraq, Bangladesh and Pakistan. U.S. Embassies are on alert as leaders are squeezed between religious demands and secular free speech.
Blasphemy is a “Red Line.” Rape and murder, not so much:
Former N.Y. City Mayor Rudy Giuliani provides a national security reality check on Squawk Box this morning:
Stock, bond and commodity markets continue to rally and the U.S. dollar declined after Thursday’s announcement of so called “Stimulus” measures. The Federal Reserve plans to buy as much as $40 billion a month in mortgages. There is widespread speculation that increased Treasuries purchases will be next. Most experts consider the moves to be disastrous for the U.S. dollar’s future value.
Read more on the dollar impact:
“Fed Easing ‘Kamikaze’ for the US Dollar: Analyst”
Marc Faber: If I Were Bernanke, I Would Resign
By: Shai Ahmed
CNBC Associate Editor
“If we have an economic crisis in the Western world it’s because the government makes up 50 percent or more of the economy. This is a cancer that is taking away people’s freedom”~ Mark Faber
Bernanke’s Bad News
“Printing money to bail out Bam”
By Charles Gasparino with the N.Y. Post
Changes to the Dow Industrial Average are planned for this October. Kraft is splinting into two companies and will be leaving the index. United Health Care was selected to be the replacement component.