News
Bloomberg | Betting on Bernanke Returns 28% for Treasuries
Treasuries due in 10 or more years have returned 28 percent in 2011, exceeding the 24.4 percent gain in all of 2008 during worst financial crisis since the Great Depression.
Econ Comments
Washington Times | EDITORIAL: Keep the change
During Banking Committee nomination hearings, senators will often ignore candidates for important jobs in other financial roles if there’s someone else at the table who can talk about dollar coins. This utterly wasteful program is costing us a billion, and it’s a perfect example of why this country is going bankrupt.
WSJ | Will Chinese Twist Fight the Fed?
China probably won't face a new wave of destabilizing hot money into its financial system. "Operation Twist" doesn't involve printing more money, but only a shift in $400 billion of the Federal Reserve's holdings of U.S. Treasury's from the short to the long end of the curve.
Blogs
Minyanville | The Logic of Operation Twist
Realistically, no one should hold out any hope for this latest foray into monetary tinkering to affect output and employment.
