Econ Comments & Analysis
AEI | The uses of LIBOR and the victims of its manipulation: A primer
Banks can collude to move the trimmed average, and traders at several financial institutions are being investigated for doing so from 2005 to 2011.
RCM | A Brief History of Modern Money's Inadequacy
The markets of capitalism cannot function over the long run without successful intermediation, but intermediation as it currently exists of interbank money and ledger money cannot be successful as it is now construed. Something has to give.
Blogs
CNN Money | Oil near $100. Thanks a lot, Fed!
The price of crude oil is getting dangerously close to $100 a barrel again. It hasn't been above that level since May. The euro has strengthened against the dollar as of late, partly due to hopes that the European Central Bank will step in and buy more Spanish bonds and also because of rising expectations for QE3.
