News
Market Watch | China likely to opt for faster yuan appreciation
China is likely preparing its currency for faster appreciation, as it hopes a stronger currency will help cool prices, analysts said.
Bloomberg | Treasuries Rise as U.S. Employers Add Fewer Jobs in May Than Forecast
Treasuries advanced, pushing yields on 10-year notes toward their lowest level this year, after the U.S. payrolls report showed employers added fewer jobs in May than economists forecast and the jobless rate rose.
Econ Comments
Forbes | The Choice With Currencies Today: Fixed Or Floating?
Fooling with currencies is always destructive.
Bloomberg | Gross Says More Buying by Fed Unlikely Even as Job Growth Slows: Tom Keene
Pacific Investment Management Co.’s Bill Gross said the Federal Reserve is unlikely to do a third round of quantitative easing even with the economy adding fewer jobs than forecast.
Blogs
WSJ: Real Time Economics | Fed’s Fisher: Additional Easing Isn’t Warranted
The Federal Reserve has done enough to spur economic growth and new steps to boost the economy aren’t warranted, Richard Fisher, president of the Federal Reserve Bank of Dallas, said in an interview with The Wall Street Journal.
Daily Capitalist | Sinking Manufacturing Is A Stagflationary Trend
What I see is economists focusing on the wrong things. They tend to believe that what I see as “good”things are bad. And conversely,what I see as “bad”are seen as good things. Housing and quantitative easing are the most obvious examples of this phenomenon.
