News
Market Watch | Low rates good — and bad — for consumers
Borrowers breathed a collective sigh of relief when the Federal Reserve said earlier this month that it would hold interest rates at rock bottom for the next two years. But savers were far from happy.
Bloomberg | Dollar Cheap in Purchasing Power as Investors See Shelter
The greenback has appreciated 1.2 percent in August against a basket of the developed world’s nine most-traded exchange rates, according to data compiled by Bloomberg. That compares with a decline of 14 percent in the world’s reserve currency from this time last year through July.
Econ Comments
Financial Times | A lost chance to jolt ailing America
It would be best if the Fed could be explicit about its reasoning. Unfortunately the unannounced inflation target that is said to guide the Fed’s actions does not easily justify the required new stimulus.
Market Watch | Fed’s Bullard sees no need for easing
Economic conditions are not at the point now where the Federal Reserve should ease monetary policy further, James Bullard, the president of the St. Louis Fed.
Blogs
Minyanville | Hopes for Further Fed Easing in September Reignites Speculation
Last week's Jackson Hole speech didn't do much to assuage investor fears.
Reports
NBER | Stories of the Twentieth Century for the Twenty-First
A discrete-choice panel analysis using 1973-2010 data suggests that domestic credit expansion and real currency appreciation have been the most robust and significant predictors of financial crises, regardless of whether a country is emerging or advanced.
