News
CNN Money | Big banks at center of interest rate probe
It affects everything from mortgages to credit cards to student loans, and now some of the world's biggest banks are at the center of a criminal investigation into whether they manipulated it for their own benefit.
Market Watch | No hint of exit from Fed this week
The Federal Reserve will have a quiet meeting Tuesday, intent on making sure that they don’t make any noise about exiting from their easing policy stance, economists say on the eve of the meeting.
Bloomberg | Easiest Credit May Not Abate as Fear Index Plummets
The bid to guarantee growth suggests officials at the four key central banks won’t hurry to pull down the $9 trillion wall of money on their combined balance sheets or boost interest rates stuck near record lows.
CNN Money | Natural gas prices hit 10-year low
Natural gas future prices hit a 10-year low Thursday as slack demand and rising production continued to fuel an oversupply of the product.
Econ Comments & Analysis
WSJ | An Insurance Policy Against Inflation
The Federal Reserve should raise the minimum cash reserve requirements on bank deposits. This will have virtually no immediate impact on credit flows, but it will serve as an insurance policy against the growing risk of inflation.
Real Clear Markets | 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. Their rollercoaster highs and lows haven't really meant much when it comes to economic growth in America though.
WSJ | Uncle Sam's Teaser Rate
One business story these days is how companies are crashing the debt markets to raise money at today's bargain rates. The same goes for the world's biggest borrower, Uncle Sam, which is also quietly benefitting from historically low interest rates that cannot last.
CNN Money | Good jobs report means Fed should sit tight
Repeat after me. There is no need for more QE. There is no need for more QE. There is no need for more QE.
Blogs
Tax Foundation | Idaho Considers Tax Supermajority Requirement
State legislation is often described as an expression of majority rule. However, the legislative process contains steps that seem designed to hinder spontaneous expressions of majority sentiment.
Heritage Foundation | Most Voters Say America is Overtaxed
According to a new Rasmussen poll, 56% of likely U.S. voters believe America is overtaxed. Those numbers follow a poll last week that shows that the vast majority of likely voters want individuals and businesses to pay lower rates.
Greg Mankiw | Obama shifts stance on dividend taxes
In the summer of 2008, the Obama campaign's two top economists proudly proclaimed that their candidate favored a dividend tax rate of 20 percent, "lower than all but five of the last 92 years."
