News
WSJ | Japan Intervenes on Yen to Cap Sharp Rise
Currency Strength Seen to Be Dragging Down Economy; Move Designed to Help Export Sector.
Market Watch | Meet China’s new financial regulators
A major phase of China’s long-anticipated leadership turnover kicked off Saturday, with the appointment of three new chairmen at China’s financial regulatory agencies.
Market Watch | Dollar jumps after Japan intervenes to sell yen
U.S. rises across the board in wake of intervention; euro up on yen.
Fox Business | MF Global Suspended From Doing Business With NY Fed
The New York Fed suspended MF Global from conducting new business with the central bank on Monday and its shares were suspended, as the troubled brokerage nears a deal on its future.
Econ Comments
Market Watch | Fed may hibernate until spring
Despite recent talk about another round of quantitative easing, the Federal Reserve is expected this week to remain on the sidelines, a stance that may last into next spring, economists said.
Washington Times | SANDERS: The euro is dead! Long live the euro!
As “Europe” falls apart, it’s natural that each of its 27 members would be doing their own thing. For the moment - while a search goes on for a missing $1.4 trillion in euros - the euro has been rescued as a common currency for 17 European Union members and, hopefully, the whole Europe Project to unite a continent for peace and progress survives.
Blogs
Greg Mankiw's Blog | More on a Nominal GDP Target
Christy Romer makes the case for a new framework for monetary policy. She is kind enough to remind us of this old paper that Bob Hall and I wrote on the topic.
Reason Foundation | Banks Win, You Lose on Federal Reserve Policy
Operation Twist will officially be one-month-old next week and the results could not be further from Fed projections.
