News
Bloomberg | Fed Seen by Economists Trimming QE in September, 2014 End
The Federal Reserve (TREFTOTL) will trim its monthly bond purchases to $65 billion in September and end buying in June 2014, according to the plurality of estimates by economists in a Bloomberg survey.
Econ Comments & Analysis
WSJ | Central Banks and the Borrowing Addiction
Have financial markets become a giant crack house? Investors have certainly been acting like a bunch of junkies lately.
Real Clear Markets | Shades of 1935 In the FOMC's 'Tapering'?
The volume of scholarship dedicated to solving the economic riddle of the Great Depression is simply astounding. There has been so much academic and intellectual energy devoted to the economic circumstances of the decade of the 1930's that it easily surpasses even the hold the era still has on the popular imagination even eight decades on.
Washington Times | Paper tiger
The Federal Reserve served notice this week that it will begin scaling back its costly economic stimulus program this year that has been propping up the chronically weak Obama economy.
WSJ | Monetary Withdrawal Symptoms
Markets are always worth listening to, but sometimes they are also hard to figure. We'll admit to putting Thursday's global stock-market and commodities rout in that category. Chairman Ben Bernanke declared on Wednesday that eventually the Federal Reserve will stop its extraordinary bond purchases, and investors acted Thursday as if it that were a shocker.
Blogs
Economist | China's Volcker shock
If you fix the price of something, the quantity demanded may vary a lot. If instead you fix the thing's quantity, then prices will jump around. Most central banks now peg the interest rate at which banks can borrow reserves.
