Chris Farrell says the inflation fears gripping the economic community are being addressed to such a degree that inflation is likely to just disappear. And they might actually be creating a buying opportunity for bonds.
U.S. manufacturers have long complained that China depresses the cost of its currency to gain an unfair trade advantage. A bipartisan group of senators wants the administration to do something about that. Steve Henn reports.
Once again the American consumer is riding to the economic rescue. The government says retail sales were up 1.4% in May. But retail consultant Howard Davidowitz figures there's less to the numbers than meets the eye.