Meredith Whitney on 60 Minutes: Expect 50+ muni bond defaults in 2011

Markets were quiet Monday but opened lower Tuesday in response to the January inflation report that showed higher-than-expected consumer prices.

When the focus is on more stable or recovery periods, interest rate differentials become a key determinant in how the currency moves.

Worries are mounting that the significant investments committed to the modern technology’s infrastructure and the associated profitability may pale in comparison to the remarkable valuation expansion that has occurred among AI related companies.

The entrenched nature of inflation, including high wages, fierce services spending, increased input costs and supply chain issues, expectations for rate cuts are likely to fade as the potential for another Fed rate increase becomes more likely.