News
WSJ | Inflation Eases as Gasoline Prices Fall
The recent slide in gasoline prices in the U.S. has pushed the nation's annual rate of inflation to its lowest level in more than a year, easing some economic strains on consumers.
Bloomberg | Euro-Area Inflation Slowed in April, March Exports Declined
European inflation slowed last month and exports dropped in March as the euro region’s spreading fiscal crisis undermined the economy and consumer demand.
WSJ | Price Is Right for Stimulating Action by Fed
After Tuesday's inflation report, the price is suddenly right again for the Federal Reserve to start considering more stimulus.
Blogs
Marginal Revolution | I know, I know, M2 isn’t exactly the right indicator
M2 money supply growth rates are plunging in Greece (down -16.8% y/y through February), Spain (down -4.7%), and Portugal (-3.8% through January). It is up only 1.3% through February in Italy.
Daily Capitalist | Bill Gross Finally Realizes Global Monetary System At A Breaking Point
I have never been able to figure out Bill Gross of PIMCO. He pleaded for government stimulus and quantitative easing when the economy was crashing and that earned him a place on our Crony Capitalist list.
