News
Bloomberg | China Inflation May Provide Room for Stimulus: Economy
China’s inflation eased to the slowest pace in 20 months while new loans, industrial output and retail sales were below analysts’ forecasts, boosting the case for easing monetary policy in the world’s second-biggest economy.
Bloomberg | India’s Central Bank Cuts Reserve Ratio as Cash Squeeze Threatens Economy
India’s central bank unexpectedly slashed the amount of deposits lenders need to set aside as reserves to ease a cash squeeze in the banking system that threatens to deepen an economic slowdown.
Econ Comments & Analysis
Forbes | How a Gold Standard Would Match Currency Supply With Demand
A “currency” is also a useful gadget like a blender. We don’t use it to make margaritas, but rather as a tool of commerce. It’s a useful tool, which is why we all have some. However, we don’t want to have too much – at some point, we would rather have some sort of good or service, or other asset, instead of a bigger pile of paper banknotes.
Reason Foundation | Americans Don't Benefit From Fed Inflated Asset Prices
The Dow Jones Industrial Average and the S&P 500 have had a rocky couple of weeks, including the largest drop of the year on Tuesday.
Blogs
WSJ | Draghi Defends ECB Balance Sheet Expansion
The European Central Bank president used his monthly press conference to take issue with a recent Wall Street Journal article on the ECB’s balance sheet now exceeding three trillion euros after it pumped a total of one trillion euros in three-year loans into European banks.
