News
Bloomberg | What’s Fed to Do as 15 of 18 Banks Fixing Libor Aren’t American
Mark Calabria at the Cato Institute usually isn’t shy about criticizing Timothy F. Geithner. Yet he says it was ultimately up to the British to deal with the manipulation of Libor, as only three of the 18 banks that set the London interbank offered rate are based in the U.S.
Bloomberg | Import Prices in U.S. Unexpectedly Fell in July for Fourth Month
Prices of goods imported into the U.S. unexpectedly fell in July for a fourth consecutive month, reflecting lower costs for fuel and food.
CNBC | China Rate Cut, More Easing, Look Imminent: Strategist
Chinese policymakers are likely to cut interest rate and reserve ratio requirements this quarter, JPMorgan’s chief Asian and emerging markets equity strategist, Adrian Mowat, told CNBC’s “Squawk on the Street” on Thursday.
Econ Comments & Analysis
Real Clear Markets | The Fed's 'Not Seen Since 2009' Economy
Late last week the Federal Reserve policymaking body changed the language in its monetary policy outlook. The FOMC noted in its June 20th statement that it "is prepared to take further action as appropriate".
Blogs
Economist | Not your father's stagnation
Last week, obscure Tory MP Douglas Carswell tweeted, "1976 again. The orthodox approach to the economy is bust." One obvious question: is if this is the 70s, where is the inflation? Inflation, in terms of the retail price index, peaked at 26.9% in 1975. Today RPI is 2.8%. The consumer price index, the more common measure of inflation, is 2.4%.
