News
Market Watch | Bernanke to tell investors, public: Don’t jump
What the Federal Reserve will do on Wednesday is of little debate. What Federal Reserve Chairman Ben Bernanke will say is a different matter.
WSJ | Change in China Hits U.S. Purse
Washington has long pushed China to let its yuan appreciate and to encourage domestic consumption, both of which it has done to varying extents. The yuan is up 28% against the dollar in six years. The weaker dollar helps U.S. exporters, but the stronger yuan and the higher costs within China from domestic demand press upward on the costs of things U.S. shoppers want.
Bloomberg | Canadian Dollar Appreciates on Boost in Risk Demand Before Greece’s Vote
Canada’s dollar advanced the most in a week versus its U.S. counterpart as stocks and commodities rallied before a Greek government confidence vote that may determine whether it avoids default.
Fiscal Times | How the Fed Could Set Off a New Recession
Until recently, it seemed unlikely that we were headed for a double-dip recession. We were clearly looking at a very slow recovery, especially for employment, but there was little reason to worry about a second recession.
Econ Comments
Bloomberg | Bernanke May Prolong Record Stimulus
Federal Reserve Chairman Ben S. Bernanke will probably delay the central bank’s exit from record stimulus, economists said in a survey, giving the flagging economy a boost without resorting to additional asset purchases.
Financial Times | Political union cannot fix the euro
As the Greek crisis worsens, so voices are being raised demanind new and more radical approaches. Froget the sticking plaster bailouts and slice by slice austerity packages. The ultimate solution to the eurozone debt crisis is "political union".
Minyanville | The Great Stagnation of 2011
Consumers aren't going to save our economy from stagnation, but rather it will continue along with inflation.
Blogs
Forbes | Why The Fed Should Choose Quantitative Neutrality
The increase in monetary stability provided by QN, however, could provide an important step toward once again making the dollar as good as gold. With the dollar’s purchasing power stabilized, restoring the link between the dollar and a fixed weight of gold would be a way to formalize Quantitative Neutrality, thereby ushering in a new era of price stability, economic growth, high paying jobs and rising standards of living associated with the gold standard throughout most of history.
Heritage Foundation | Federal Reserve Bank Presidents: Washington is Killing Business
Want to know why the economy is still dragging along with stagnant growth and 9.1 percent unemployment? Travel back in time over the past 18 months and listen to what some Federal Reserve Bank presidents predicted would result from the Obama Administration’s public policy path.
