News
CNN Money | Bond bubble may deflate slowly
While 90% of the nearly 30 investment strategists and money managers surveyed by CNNMoney expect long-term rates will rise throughout 2013, their year-end target on the 10-year Treasury yield is just 2.14%. That's only a little more than a quarter of a percentage point higher than where rates are now and also not that much higher than last year's record low of 1.4%.
Econ Comments & Analysis
Mercatus | An Introduction to U.S. Monetary Policy
In the text that follows, I hope to demystify many of these issues in monetary economics and monetary policy. Understanding what the Federal Reserve System (“the Fed”) does today and how it attempts to achieve macroeconomic policy goals requires some knowledge of where the Fed came from, what tools it has at its disposal, and what various objectives it might be trying to accomplish.
WSJ | Regulators Let Big Banks Look Safer Than They Are
The recent Senate report on the J.P. Morgan Chase "London Whale" trading debacle revealed emails, telephone conversations and other evidence of how Chase managers manipulated their internal risk models to boost the bank's regulatory capital ratios.
National Journal | Why the Euro is Doomed
The euro crisis is entering its fourth year, and, sorry world, this won't be its last. Now, its long periods of boredom have gotten a bit longer, and its moments of sheer financial terror a bit less terrifying ever since the European Central Bank (ECB) promised to do "whatever it takes" to save the common currency. But, as Cyprus and Slovenia show, the battle for the euro isn't over yet. Not even close.
Blogs
WSJ | Central Banks May Not Need Large Foreign-Currency Reserves
Since 2008, central banks from China to Japan to Switzerland have squirreled away money and engineered an unprecedented expansion in their foreign-currency reserve holdings, typically with the goal of trying to manage their exchange rates.
