News
Market Watch | Why bond funds continue to shine
Sounding a warning for a bond-market bubble has looked reasonably smart for several quarters and by several accounts still holds true, considering the stack of Treasury paper and the Federal Reserve’s resolve to keep interest rates ultra low.
Bloomberg | Gold Falls to Six-Week Low Amid Reduced Concern Greece May Default on Debt
Greece may receive as much as 85 billion euros ($124 billion) in new financing, including a contribution from private investors, in a second bailout aimed at preventing default and ending the euro-region’s debt crisis, according to an Austrian Finance Ministry official. Gold has dropped 5.5 percent since reaching a record at the beginning of May.
USA Today | Kansas City Fed chief Thomas Hoenig sounds alarm
"We have this leveraged economy that we have used to build our growth over the last 10 to 15 years that we cannot carry forward," he said. Hoenig, long a vocal critic of Fed policy, reiterated his call for the Federal Reserve to raise interest rates. He said the longer interest rates are low, the more the economy will suffer when rates inevitably rise.
Econ Comments
Minyanville | At Behest of Banks, Fed Relaxes Debit Card Regs in Final Rule
The finalized rule caps debit card fees at 21 to 24 cents per transaction for banks with more than $10 billion in assets.
Forbes | A Return To Basics: What Is Stable Money?
To be perfect, currency should be invariable in value.
