News
Bloomberg | Bernanke May Sustain Stimulus to Avoid ‘Cold Turkey’ End to Aid
Federal Reserve Chairman Ben S. Bernanke may keep reinvesting maturing debt into Treasuries to maintain record stimulus even after making good on a pledge to complete $600 billion in bond purchases by the end of June.
MarketWatch | Dollar slips versus euro as debt fears ease
The U.S. dollar lost ground Tuesday, while the euro rebounded from earlier losses as positive economic data balanced out worries about debt problems in Europe’s so-called periphery.
Econ Comments
MSN | Worrying about QE2
The end of the Fed's program of quantitative easing will bring plenty of bumps but won't crash the US economy. Emerging markets could be in for a rockier road.
Minyanville | Finland's Election Results to Fuel Surge in US Dollar?
Finland doesn't normally sway world markets, but does have the ability to veto any proposed bailout by the European Union.
AEI | Shooting the Messenger European Style
Judging by the recent actions of European parliamentarians, one could be excused for thinking that the primary cause of the European sovereign debt crisis was short selling by foreign speculators in general and the existence of the small European Credit Default Swap market in particular.
Ludwig von Mises Institute | The EU Crackup
The core issue is whether Finland ought to be paying for bailouts for other EU states. In reaction to establishment support for the bailout, voters ousted the pro bailout ruling party and gave an upset victory to the bailout-critical conservative party.
Blogs
The Economist: Free exchange | Type the Title You Want People to See
The big risk now is that Europe will finally recognize the need for restructuring in Greece, but will again pursue half-measures that fail, once more, to get ahead of markets.
