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Monday, July 8, 2013

Monetary

News                                                                                                                             
Market Watch | More clues about Fed’s tapering plans due
Economists will be trying to figure out what it would take to get the Federal Reserve to begin to slow down the pace of its asset purchases and whether the strong June employment data was enough.

Econ Comments & Analysis                                                                                            
LA Times | Navigating the shift to a stingier Fed
After four years of providing trillions of dollars in cheap money to prop up the U.S. financial system and economy, the Federal Reserve has signaled that its generosity won't last forever.
the American | No, Virginia, Nothing Is Really Risk Free
The financial world confronts us with ineluctable uncertainty and risk. Its future is unknowable, not only for borrowers, lenders, and investors, but also for governments and central banks. No matter how hard anyone might try, risk cannot be made to disappear; it can only be moved around. 

Blogs                                                                                                                             
Economist | Perturbing parallels
This week’s troubles in Portugal were a brutal reminder that the euro crisis has not gone away. Ten-year government bond yields went briefly above 8% as two ministers resigned and the ruling coalition frayed. Setbacks to the economy have broken the previous national consensus backing stringent austerity measures that have been forced through as part of the country’s 2011 bail-out.