News
Bloomberg | Geithner Will Urge China to Allow Higher Interest Rates, Stronger Currency
Treasury Secretary Timothy F. Geithner will urge China to allow higher interest rates when he meets with Chinese leaders this week, as the U.S. extends its push for a stronger yuan.
Bloomberg | Treasury Volatility Approaching Four-Year Low as Bonds Rally at End of QE2
Price swings in the Treasury market are approaching the smallest levels in four years, a sign that the end of the Federal Reserve’s $600 billion bond-purchase program next month won’t cause a sell-off in government debt.
Econ Comments
Minyanville | http://www.minyanville.com/businessmarkets/articles/food-price-ethanol-commodity-prices-agriculture/5/6/2011/id/34395
In 2008, an ethanol craze and speculators were supposedly to blame. It's something different this time, and it's not the inevitable supply shock due to Mother Nature.
CNN: Money | Inflation: Poison for Obama in 2012
We know that inflation distorts economic behavior. But inflation also affects voting behavior -- and could exacerbate already widespread anxiety and uncertainty about a struggling economy and President Obama's reaction to it.
Bloomberg | Trichet Says Global Central Bankers United in Inflation Fight
European Central Bank President Jean- Claude Trichet said the world’s central bankers are united in fighting inflation fueled by surging commodity prices and fast- growing emerging economies.
