Friday, March 8, 2013


Bloomberg | Bullard Sees Fed Continuing Bond Buying as Inflation Stable
Federal Reserve Bank of St. Louis President James Bullard said the central bank probably will press on with its asset purchases as contained inflation expectations give it time to continue the quantitative easing.

Econ Comments & Analysis                                                                                            
Bloomberg | Draghi Signals Economy Must Worsen for ECB to Cut Rates
Mario Draghi signalled that Europe’s stuttering economy will have to get worse before he’ll consider cutting interest rates.
WSJ | The Federal Reserve's 'Fiscal Crunch' Trap
Annual budget deficits have surged past $1 trillion and, according to the International Monetary Fund, gross U.S. government debt is currently at 107% of GDP. The good news: Congressional Budget Office estimates suggest that as a result of declining deficits, the level of debt relative to GDP will stabilize over the next several years.