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Friday, June 17, 2011

Monetary

News                                                                                                                             
Market Watch | China economists see interest rates headed up
Economists surveyed by Caixin said they expect the Chinese government will continue to tighten monetary policies in an aim to rein in inflation after key economic data released on June 14.
Bloomberg | Baum: Soft Patch 2, Not QE2, Is Main Influence on Rates
When it began, some thought it might not run its course. Now that it’s ending, there are those who think another installment is needed. The “it,” of course, is the Federal Reserve’s second round of large-scale asset purchases, better known as quantitative easing.

Econ Comments                                                                                                             
OilPrice.com | Roubini: QE3 Will be With us Before the End of the Year
Nouriel Roubini, a.k.a. “Dr. Doom,” the head of Roubini Global Economics, an independent, global economic and market strategy research firm, believes that the answer will be another round of quantitative easing by the end of the year, specifically if the stock market drops to 10 percent or if economic data continues to worsen.
Minyanville | Currency is Driving Precious Metals, Not Inflation
As the dollar weakens and questions about the US economy abound, resource holders may be using their gold as an alternate means of exchange.