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Tuesday, March 5, 2013

Monetary

News                                                                                                                             
Bloomberg | U.S. Credit Swaps Fall to Lowest Level in More Than Five Months
A gauge of U.S. corporate credit risk fell to the lowest level in more than five months before the release of a non-manufacturing services report.

Econ Comments & Analysis                                                                                            
Fortune | Why the Fed is failing to boost lending
Ben Bernanke's policy of low interest rates is meant to boost lending. But a new study shows that as banks have gotten bigger, the Fed has become less powerful.

Blogs                                                                                                                             
Market Watch | Volcker on why banker worries are ‘baloney’
Bank lobbyists beware: Former Federal Reserve Chairman Paul Volcker thinks your worries about regulations he helped craft are “baloney.”
Macroeconomic Resilience | The Greenspan Fed’s Biggest Mistake: The LTCM Rate Cuts
The debate as to whether the Greenspan Fed’s easy money policies are to blame for the 2008 financial crisis tends to focus on the Fed’s actions after the bursting of the dot-com bubble in 2001.