News
CNBC | Banks Face $3.6 Trillion 'Wall' of Debt: IMF
The world's banks face a $3.6 trillion 'wall of maturing debt' in the next two years and must compete with debt-laden governments to secure financing, the IMF warned on Wednesday.
Bloomberg | Geithner Says Financial Markets Showing Confidence in U.S. Fiscal Position
There is “a lot of confidence in markets that the American political system will be able to get our fiscal path in a sustainable position,”
Forbes | Why Are The Republicans So Silent On The Falling Dollar?
The failure of our fiat currency is up for political grabs.
Yahoo: Finance | BRICS demand global monetary shake-up, greater influence
The BRICS group of emerging-market powers kept up the pressure on Thursday for a revamped global monetary system that relies less on the dollar and for a louder voice in international financial institutions.
WSJ | In Euro's Hour of Need, Aide Gets 'Madame Non' to Say Yes
As Europe's debt crisis threatened to spiral out of control, German Chancellor Angela Merkel boarded a Luftwaffe jet on Nov. 10 with her finance minister, Wolfgang Schäuble, for an overnight flight to a global summit in South Korea.
WSJ | Strong Currency Threatens Ireland, Portugal
As currency hits 15-month high against the dollar, Ireland, Portugal are seen most vulnerable to a hit to exports.
Econ Comments
MarketWatch | Federal Reserve’s path of destruction
The destructive result of the Federal Reserve’s earlier housing and consumer credit bubble became the excuse for embracing a destructive zero interest rate policy which is self-evidently fueling even more destruction.
WSJ | Dollar Has Come Down With a Heavy Cold
The dollar looks as it might have caught more than just a common cold. Over the past day or so, the U.S. currency has had a classic opportunity to rally. Global risk appetite has subsided, commodity currencies have fallen and investors were only too keen to take profits. But the dollar's response to all this has been feeble.
Minyanville | Expect Fed Rate Hike on Signs of Sustainable Growth Ahead
The Fed is likely to raise short-term interest rates in the second half of 2011 due to three reasons, including improved signs of core inflation and available money.
Minyanville | Worldwide Inflation Impacting Recovery
Recent reports revealed declining imports and exports and rising import and export prices. Much of this is due to inflation -- not only in the US, but worldwide.
Blogs
WSJ: MarketBeat | Euro-Zone Debt Woes Rising Once Again
More than a year after Greece opened the euro-zone debt crisis, the situation remains far from resolved.
