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The prospect of a speedy recovery for the US economy continues to remain in doubt, in spite of promising indicators from both the employment market and the latest retail sales data.
US economic recovery in doubt

The pound surged yesterday to its highest overall levels this year as hopes that the British economy is emerging from recession continued to burgeon. Sterling charged upwards on the foreign exchanges as mounting indications that Britains worst economic slump since the Second World War will end by the autumn led investors to pile into the currency once more.
Pound surges as investors bet Britain will be first out of recession

Alistair Darling will warn his fellow G8 finance ministers this weekend that rising oil prices and renewed turmoil in the banking sector could choke off economic recovery.
Fuel rises could choke economic recovery, Darling warns

Global demand for oil is back on the rise, although the shift may reflect only a slowing decline rather than actual economic recovery, the International Energy Agency said yesterday.
Global demand for oil is on the rise again, says IEA

Latvia's government was holding crisis talks on Thursday night as the country struggled to avoid the devaluation of its currency and prevent the credit rating of its sovereign debt from being downgraded.
Latvia in crisis talks over bail-out

ETFs [based]on Commodity Futures have a basic design flaw in that they are open-ended fund that invest in assets (Futures) that are close-ended (either due to CFTC regulation or due to lack of liquidity). This is a major contradiction that is at the source of market dysfunctions.
The problem with commodity ETFs

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Have a good weekend all!

G.