News
Market Watch | ECB mum on Greek bonds, eases collateral
European Central Bank President Mario Draghi announced Thursday that Greek politicians struck a long-sought agreement on additional austerity measures, but wouldn’t reveal whether the institution would forgo profits on its own holdings of Greek government bonds in order to cut the country’s debt load.
Bloomberg | Credit-Default Swaps in U.S. Reverse Rise as Greece Strikes Austerity Deal
A benchmark gauge of U.S. company credit risk reversed an earlier rise as Greek political leaders struck a deal on austerity measures needed for a rescue package, curbing concern Europe’s fiscal crisis may escalate.
CNN Money | Chinese inflation rate picks up
Consumer prices rose 4.5% over a year ago, China's National Bureau of Statistics reported Thursday, marking a pick-up from a 4.1% inflation rate the month before.
Econ Comments & Analysis
Forbes | The Limits Of Monetary Policy Call For Moral, Sound Money
The American public does not like the fact that Fed chairman Ben Bernanke has vastly expanded the size and scope of the nation’s central bank and bailed out Wall Street while Main Street suffered.
Real Clear Markets | Having Wrecked the Banks, the Feds Target Money Funds
Though the interim years make the late ‘90s increasingly hazy, back then cash management via money market funds was a fairly simple concept.
