News
NY Times | As Euro Crisis Deepens, Calls for Central Bank to Act
Euro zone governments are struggling to approve a bailout fund in a politically charged process that has focused an improbable amount of international attention on the parliamentary debates in Finland and Slovakia.
Econ Comments
Market Watch | Bernanke says Twist equals half-point rate cut
Federal Reserve Chairman Ben Bernanke Tuesday said the central bank’s new policy of swapping bonds is not a “game-changer” but should help the economy avoid a new downturn.
Blogs
MoneyIllusion | Krugman’s peculiar views on American nationalism and the Chinese yuan
The most distressing aspect of Krugman’s post is its nationalistic tone. The worst mistake the world could make right now is to descend into nationalistic posturing. We can all see what’s going on in Europe, and we all know how nationalism can end up hurting everyone.
Minyanville | Inflation Expectations Are Still Declining
Are these lower inflation expectations good news? Not necessarily. Here's why.
Reports
NBER | Leverage Across Firms, Banks, and Countries
The main result is that there was very little buildup in leverage for the average non-financial firm and commercial bank before the crisis, but the picture was quite different for large commercial banks in the United States and for investment banks worldwide.
