News
USA Today | Why a 3.66% interest rate is failing to stimulate
Mortgage rates have hit historic lows in seven of the past eight weeks. Last week, the average rate on a 30-year fixed was 3.66%, a level not seen since record keeping began in the 1950s. It's enough to evoke some electronics superstore huckster: Prices so low they are insane!
Econ Comments & Analysis
Bloomberg | Kim Says World Bank’s First Priority Is to Aid Growth
Jim Yong Kim, who took over as World Bank president yesterday, said his first task will be to help emerging markets keep expanding at a time of stress for the world economy.
Forbes | Golden Rule for Prosperity
Policymakers, economists, investors—everyone—should read and reread Gold: The Once and Future Money by Nathan Lewis (John Wiley & Sons, $27.95). It’s worth its weight in gold—and then some.
Blogs
WSJ | Could ECB Rate Cut Boost Euro?
If the European Central Bank cuts interest rates at its Thursday meeting, it won’t necessarily weaken the euro, says Mike Moran at Standard Chartered.
