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Tuesday, March 27, 2012

Monetary

News                                                                                                                             
WSJ | Fed Signals Resolve on Rates
Federal Reserve Chairman Ben Bernanke said the central bank's easy-money policies are still needed to confront deep problems in the labor market, moving to reinforce his plan to keep interest rates low for years.

Econ Comments & Analysis                                                                                            
Real Clear Markets | Ben Bernanke's Shocking Gold Standard Ignorance
America's monetary problems could be solved by implementing the right kind of gold standard. However, doing this would render the Fed Chairman no more important than the head of The National Institute of Standards and Technology.

Blogs                                                                                                                             
Minyanville | Has the Market Become Addicted to Quantitative Easing?
Minyanville's own Todd Harrison just sat on a panel for the Maxim Group Growth Conference in New York. Todd debated with Paul LaRosa, Maxim Group's chief market technician, and Ed Yardeni, president and chief investment strategist of Yardeni Research in a session titled "Perspectives on the Global Economic and Political Landscape."
Library of Economics | George Selgin on "The Bernank"
George Selgin has an excellent commentary on Ben Bernanke's maiden lecture on monetary policy at George Washington University. Not only does George dispel myths that most people believe, but also he dispels myths that I believed.
Daily Capitalist | Fed Policy: Bernanke Is Warming Up His Helicopter
Economists cling to statistical data like barnacles in order to have some kind of anchor to explain what is going on in the world. They will try to cram the square data peg into the round holes of economic ”laws” rather than abandon them when they are obviously wrong. Which is not a very satisfactory way to explain things.
WSJ | Economics Survey: Fed Should Hold Back From QE3 This Year
The Federal Reserve shouldn’t undertake a new round of bond buying this year, an overwhelming majority of a group polled by the National Association for Business Economics said in a survey released Monday.