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Monday, June 25, 2012

Monetary

News                                                                                                                             
Bloomberg | Central Banks Commit to Ease as Threat of Lost Decades Rises
Central bankers are finding it easier to support their economies than to spur expansion as the prospect of Japanese-like lost decades looms across the developed world.
Bloomberg | Central Banks Face Limits of Power as Crisis Persists
Central banks in developed nations are confronting the limits of their ability to aid economic recovery as government efforts to strengthen their finances fall short, the Bank for International Settlements said.

Econ Comments & Analysis                                                                                            
Forbes | Buy Now, Pay Later: How the Fed's Tinkering Created A Global Crisis
Watching the ongoing catastrophe in Europe, with America and Japan not far behind, it’s difficult to know whether to cry, or laugh. The most “rational” people in the world are doing the most irrational things imaginable… But why?
Forbes | Economic Forensics: Who Actually Destroyed The Middle Class?
The difficulties experienced by the great middle in the U.S. can be, in my opinion, traced to the delinking of the U.S. dollar from gold in 1971.

Blogs                                                                                                                             
Economics One | The BIS on "The Limits of Monetary Policy"
Each year the Bank for International Settlements (BIS) hosts the world’s central bankers--the BIS shareholders--at their Annual General Meeting in Basel, Switzerland. At the meeting held today, the BIS issued their Annual Report which addresses key monetary policy issues.