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Thursday, May 26, 2011

Libya - Debka reports that a cease fire deal could be signed soon - Combat in Libya is winding
down. Debkafile's exclusive sources report that Muammar Qaddafi and the rebel commanders are close
to a series of accords for ending the war after two weeks of secret talks. – Debka
Yemen – the country continues to descend in violence as Saleh digs in his heels. Reuters
headline – “civil war looms as big blasts rock Yemeni capital”
US$ - pos. article in FT – says investors have already started covering their short dollar positions
and this trend is expected to continue in the coming weeks as the Fed ends its QE2 policy. “the
conclusion of QE2 removes a great deal of the fundamental pressure that has been weighing on the
dollar in recent years.” – FT

Legislation introduced to limit US participation in European bailouts - Republican Rep Cathy

McMorris Rodgers of Washington has introduced legislation that would ban US participation in any IMF
bailout for a European country that isn’t complying w/the EU’s debt and deficit limits. – Bloomberg