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Tuesday, October 4, 2011

Monetary

News                                                                                                                             
WSJ | OECD Inflation Rate Rises
The annual rate of inflation across developed economies picked up for the second straight month in August as food prices continued to rise sharply.
WSJ | Senate Moves to Punish China for Yuan's Low Value
The People's Bank of China said Tuesday that factoring in inflation, the yuan has appreciated "greatly" and is close to a balanced level. China's Foreign Ministry said the bill violates rules of the World Trade Organization and that its passage would severely affect U.S.-China economic and trade relations.

Econ Comments                                                                                                             
CNBC | Inflation Will Fall To 2%: Dallas Fed President Richard Fisher
The Fed president said growth for the remainder of the year would probably be “positive but anemic,” at less than two percent. However, “we could slip,” he warned.

Blogs                                                                                                                             
Market Watch | Five questions for Bernanke
Rather than try to predict what will be asked, here’s MarketWatch’s stab at what could be timely questions for the central bank chief.
WSJ: Real Time Economics | Guest Contribution: How to Value a Currency
Now, because the analytics are not straightforward and there is considerable scope for reasonable disagreement, we can be more confident in our assessments of currency valuation the more consistent are the verdicts from the different approaches.
Minyanville | US Dollar Purchasing Power in the Wake of Depressions: Putting Things Into Perspective
There is much to learn about the value of curriences in the wake of a market crash.