News
CNN Money | Fed's Fisher: No need for QE3
The elephant in the room - QE3 - is stomping around again thanks to that deeply disappointing jobs report. So, will the Federal Reserve open the floodgates and throw more stimulus into the market?
Market Watch | Rehn: EU weighs bank recapitalizations via ESM
The European Commission has considered the possibility of directly recapitalizing euro-zone banks via the region's permanent bailout fund, but such a maneuver would require a treaty change, Olli Rehn, commissioner for monetary and economic affairs, said Monday, according to news reports.
Bloomberg | JPMorgan So-Called Hedge Is Awkward for Fed Knowing Its Meaning
When is a hedge not a hedge? That’s the question regulators from the Federal Reserve to the Office of the Comptroller of the Currency are confronting after JPMorgan Chase & Co. (JPM) reported a $2 billion trading loss from a credit-derivatives position Chief Executive Officer Jamie Dimon called a “hedge.”
Blogs
Minyanville | First Deflation, Then Inflation. But the Timing...?
Today we will examine that question in more detail, as we look at how interest rates could actually be negative (!!!) this week in German and Swiss bonds and why the US 10-year has dipped below 1.5%.
The Economist | A central-bank failure of epic proportions
I'd like to say a bit more about the policy side of things given the state of the world economy. There is a great deal of attention paid to fiscal issues, and certainly fiscal issues deserve scrutiny.
WSJ | With Rates so Low, QE3 Won’t Matter
Here’s the problem, already cited by many observers: the market has done what any additional Fed monetary easing (code name: QE3) would maximally accomplish, lowering interest rates to induce more borrowing and increase economic activity.
