News
Market Watch | Dollar steadies after hitting 1-month low vs. euro
The dollar traded little changed Monday, trimming a loss versus the euro after the 17-nation shared currency reached its strongest level in a month amid hopes for a new aid package for Greece and expectations that the European Central Bank will signal an interest-rate hike later this week.
Bloomberg | Plosser: Fed Exit Should Start Before Jobs Firm
“Somewhat tighter monetary policy is possible by the end of the year,” he said today at a press conference, after speaking at an event organized by the Bank of Finland in Helsinki. “We will have to begin exiting from our policies long before the unemployment rate is down to what people would like to have. That’s going to be a difficult decision.”
Econ Comments
Barron's | The World After QE2
Despite investors' worries, the markets and economy won't be doomed when the Fed's massive stimulus program ends.
Minyanville | How Will the End of QE2 Impact Financial Markets?
Random musings on a Monday morning.
Blogs
Daily Capitalist | The End of Sound Money and the Triumph of Crony Capitalism
The triumph of crony capitalism occurred on October 3rd,2008. The event was the enactment of TARP — the single greatest economic-policy abomination since the 1930s,or perhaps ever.
Like most other quantum leaps in statist intervention,the Wall Street bailout was justified as a last-resort exercise in breaking the rules to save the system. In the immortal words of George W. Bush,our most economically befuddled President since FDR,“I’ve abandoned free market principles in order to save the free market system.”
