News
Bloomberg | China Lending Shrinks as Wen Wrestles With Inflation Over 6%
China’s bank lending last month was the least since 2009 as inflation stayed above the government’s target, highlighting the risk that efforts to tame prices will trigger a slowdown.
WSJ | Euro-Zone Inflation Surges
The rate of inflation in the euro zone soared to a full percentage point above the European Central Bank's preferred level in September. But signs that the economy is flagging badly—and that price pressures are now fading—mean the central bank is still likely to ease its policy stance in coming months.
WSJ | Widening U.S.-China Trade Gap Fuels Currency Battle
The U.S. trade deficit with China hit a new record in August, which is likely to be seized upon by those in Congress who want to punish the Asian nation for its currency policies.
CNN: Money | Fed's thinning toolbox lacks oomph
The Federal Reserve has very little left in its bag of tricks to help stimulate the economy. And experts say whatever comes next may not have enough of an impact to pull the economy out of its slump.
WSJ | Beijing Pushes Yuan Lower for Second Day
The yuan fell against the U.S. dollar after the Chinese central bank guided its currency downward for the second consecutive day.
Econ Comments
RCM | The Monetary Tax Of Artificial Economy
Credit money in the last two bubble periods flowed to consumers indirectly through debt made more appealing by those rising asset prices.
Blogs
Minyanville | What Operation Twist Really Means, and How Investors Can Prepare for It
It may well be the last bullet the Fed has in its arsenal, and if the jobs bill in front of Congress is killed, the last few months of the year may be just as difficult as the summer.
