News
Bloomberg | Central Banks Phase Out Dollar Liquidity Tenders as Crisis Eases
The European Central Bank and global peers will wind down emergency dollar liquidity facilities that have helped lenders weather financial turbulence since 2007.
Econ Comments & Analysis
Forbes | Why Higher Inflation Is A Very, Very Bad Idea
Many economists believe that higher inflation and/or a weaker U.S. dollar would boost the economy. It would not. Those economists’ belief amounts to a superstition. Today, we are going to take a deep dive into the numbers to show just why—and how—an unstable, declining dollar hurts, rather than helps, economic growth and jobs.
Washington Times | Loose monetary policy could spawn next financial bubble
The chorus of optimistic forecasts is growing. The Federal Reserve’s Beige Book reported moderate growth from November to the end of 2013, and that “the economic outlook is positive in most districts.” The World Bank predicted the developed world is on the brink of “self-sustained recovery” for the first time in five years, and expects the U.S economy to grow as much as 3.2 percent this year.
Fortune | Post-Volcker, trading at the big banks is up
At Goldman, JPMorgan, and Bank of America, there are signs that the risky business Washington was trying to root out continues to grow.
Market Watch | What’s so bad about falling prices? Nothing
As Ben Bernanke hands over the Federal Reserve chairmanship to Janet Yellen at the end of January, leadership of the central bank will be passed from one strident deflation foe to another.
