News
Bloomberg | Yellen Concerned Fed Model Fails to Predict Price Moves
Federal Reserve Chair Janet Yellen is concerned that the standard models central banks use to forecast inflation may be broken.
Bloomberg | Europe Banks Face Toughest Simulated Slump in Stress Test
European Union officials are preparing to pit the bloc’s banks against the toughest simulated recession that they have ever faced in a stress test, three people briefed on the matter said.
Econ Comments & Analysis
Real Clear Markets | Housing's State Rebukes Fatuous Monetary Assumptions
In the middle of last week, the Census Bureau estimated that permits to build new single-family homes declined on a year-over-year basis for the second consecutive month. That's the first time we have seen anything like that since the middle of 2011, just before this latest "surge" in housing began.
Fortune | The one reason why bond prices won't collapse
Throughout the economic recovery, there have been a number of economists and policy types worried about a "bond bubble" -- the idea that bonds are overpriced and could take a sudden tumble, giving financial markets and the economy the same sort of hits we saw from the collapse of the housing and stock bubbles.
Blogs
WSJ | China’s Central Bank Looks for Better Monetary-Measuring Tools
Three years after China’s central bank unveiled a new measure to calculate the amount of credit in the economy, it may be going back to the drawing board.
WSJ | Japan’s Tepid Victory Over Deflation
The good news: Economists increasingly are convinced that Japan has finally slain its deflation dragon. The bad news: The victory they envision doesn’t look like much to celebrate, with a future of slow growth and painful policy choices.
