News
Bloomberg | Fed May Weigh More Stimulus on Slowing Recovery
Federal Reserve policy makers may start weighing additional steps to prop up the recovery after growth fell below 1 percent in the first half of this year and economists began cutting second-half growth forecasts.
Bloomberg | Yen’s Surge Threatens to Wipe Out Japan’s Recovery From Quake
The yen’s biggest monthly advance since 2008 is threatening profits of exporters from Nissan Motor Co. to Sony Corp., endangering the nation’s rebound from March’s record earthquake.
Market Watch | Safe-haven Swissie soars on euro and dollar
The Swiss franc stole the show in currency markets Tuesday, soaring to a record high on the euro and trading against the U.S. dollar near an all-time high as global growth worries and debt concerns on both sides of the Atlantic fueled safe-haven flows.
WSJ | OECD Inflation Rate Eases
The annual rate of inflation across developed economies eased in June, the first decline since November 2010. If sustained, that drop in the inflation rate should make the job of policy makers easier. They had faced a difficult balancing act, with commodity prices surging even as the economic recovery remained fragile.
Blogs
Marginal Revolution | Why I am more pessimistic about the euro than are most people
Imagine if the FDIC weakened or eliminated its deposit guarantees to regional banks, once those regions started experiencing some economic troubles. That’s the parallel situation in Europe. If sovereign debt isn’t secure, how can the guarantees of those sovereign states to their banking systems be secure? And then why should non-guaranteed banking systems recover?
