Pages

Friday, May 20, 2011

Monetary

News                                                                                                                             
WSJ | The Dollar Takes a Beating
Poor U.S. economic data continued to argue for an ultra loose U.S. monetary policy Thursday, weighing the dollar down against currencies with more appealing interest-rate outlooks.

Econ Comments                                                                                                             
CNBC | PBOC's Vicious Circle on Policy Means More RRR Hikes
China's central bank is caught in a vicious circle, one that means there will be no let up in its fight to keep sucking funds out of the banking system via further increases in already record high reserve requirements.
Minyanville | http://www.minyanville.com/businessmarkets/articles/bull-market-bear-market-treasury-department/5/20/2011/id/34666
QE put money into the market, but now the Treasury must borrow more to refund that. What goes around comes around.