News
MSNBC | Debt ceiling brawl threatens economy, consumers
Well before limit is reached, uncertainty could force interest rates higher.
WSJ | Fed Plays Down Inflation
Speeches Signal U.S. to Keep Credit Cheap as Others Tighten.
Telegraph | Eurozone ship is on the course that was set for it: heading for the rocks
Two events last week saw the crisis in the eurozone deepen - the Portuguese bail-out and the ECB's interest rate increase. But much more is brewing.
WSJ | Price Rises Sap Global Recovery, IMF Report Says
Global economic growth should slow to 4.5% this year and next, from 5% in 2010, as governments wind down their stimulus programs, the fund said in a forecast released before its spring meeting this week.
WSJ | Inflation Concerns Weigh on Treasurys
Worries that the central bank may be falling behind the curve on inflation weighed on U.S. Treasurys on Monday, even after a senior Federal Reserve official signaled that interest rates could stay low for longer.
WSJ | Inflation Cue: Follow the Money
Rising price indexes are just one piece of the inflation jigsaw puzzle. A glance at money-supply growth gives a different picture.
Econ Comments
NationalJournal | Yellen: Loose Monetary Policy 'Continues to Be Appropriate'
Federal Reserve Vice Chairwoman Janet Yellen indicated on Monday that the central bank would continue its $600 billion round of bond purchases, and she fought back against charges that its actions helped spur a commodity price surge, despite a growing chorus of protest from inflation hawks.
Forbes | Memo to Merkel: Stop Killing the Euro
In the name of saving the euro Europe is undermining it. Former German chancellor Helmut Kohl almost single-handedly created the political environment that brought the euro into existence. It would be a travesty to have another German chancellor, Angela Merkel, unwittingly destroy it.
WSJ | Iceland Says No
The island nation may serve as an example for those who want capitalists to operate at their own risk.
Barron's | Dollar Losing the Currency Wars
Greenback beats steady retreat as the advance of other currencies shows no signs of waning.
MarketWatch Why Europe’s debt crisis isn’t over
Political leaders in Europe have spent the last few days telling everyone who will listen that the credit crisis here is over.
Minyanville | The Abstract CPI: Going Beyond the Numbers of Inflation
The Bureau of Labor Statistics and Bureau of Economic Analysis churn out numbers for categories and sub-categories beyond reason. But there are gaping holes in this exercise.
Blogs
WSJ: Real Time Economics | Yellen Says Fed Won’t Repeat Mistakes of ’70s
The Federal Reserve is unlikely to have to raise interest rates soon because the surge in global commodity prices should have a temporary impact on U.S. inflation, a key Fed official said Monday.
Marginal Revolution | Negative nominal interest rates
If currency disappeared, how might negative nominal interest rates come about? The market won’t do it automatically.
