News
Bloomberg | Dollar Tumbles Against Yen, Euro After Weaker-Than-Forecast Economic Data
The common currency snapped four days of losses against the Swiss franc, climbing from a record low, after European Central Bank President Jean-Claude Trichet said policy makers are “carefully” monitoring inflation. The statement fueled bets Europe’s economy is strong enough to withstand increased interest rates.
Econ Comments
Minyanville | Will Germany Destroy the Euro?
Here's a trading strategy for those who think Germany will leave the Eurozone in the not-too-distant future.
AEI | Has the Financial Crisis Jeopardized the Fed's Independence?
Judging from the response to the Fed's three year battle against systemic financial collapse and the risk of deflation , it is difficult to escape the conclusion that financial crises and their aftermaths can pose greater challenges to central bank independence than the more traditional pain associated with combating inflation.
Blogs
Reason Foundation | A Perspective on Stagflation 2011
The Fed says inflation is under control, but the price at the pump and grocery check out is indicating otherwise. Why? Stand IERP fellow Ronald McKinnon suggests that ZIRP-the zero interest rate policy the Fed has held for the past two years-has caused inflation in emerging markets, impacting food prices:
