News
National Journal | The Evolution of Bernanke's 'Global Saving Glut'
Federal Reserve Chairman Ben Bernanke has revised his famous theory of the “global saving glut,” which he now acknowledges was far less benign than he once thought.
Econ Comments
Minyanville | Trade Services: Headline Inflation Is the Only Place That's Tame
The most important piece of information was buried in the PPI press release: Price increases are now continually eroding the profit margins for the trade services.
WSJ | The Federal Reserve Is Causing Turmoil Abroad
Few protesters in the Middle East connect rising food prices to U.S. monetary policy. But central bankers do.
Minyanville | Vietnam Employs Different Strategy for Battling Rising Consumer Prices
The Vietnam State Bank didn't raise rates; it allowed the three-month rate gap between Vietnam and the US to narrow even as the US was spraying money into the stratosphere.
Minyanville | China and the West Take Opposite Approaches to Inflation
While China is ramping up the fight against inflation, Fed Chairman Bernanke doesn't seem to think that deviating from quantitative easing, ZIRP are smart moves at this time.
Blogs
CSM: ThinkMarkets | Is the Fed building sandcastles?
Even if Ben Bernanke's monetary policy looks good in the short term, it may not be sustainable.
WSJ: Real Time Economics | Experts: U.S. Fed Mishandled International Dimensions Of QE2
The Federal Reserve initially mishandled its controversial effort to boost the U.S. economy with government bond purchases, but has since taken some smart steps to make up for the mishap, according to senior economists.
CSM: The Daily Reckoning | Behind Libya: rising food prices and US debt
Behind the popular discontent in the Arab world is food. And behind soaring food prices is Ben Bernanke.
The Economist: Free Exchange | The Bank does the splits
There are nine people on the Bank of England’s monetary-policy committee (MPC) and many opinions about what should happen to interest rates. The minutes to this month’s MPC meeting, published on February 23rd, revealed a four-way split in the vote on the direction of policy.
