2013

The global economic recovery continues as all of the most important economies in the world are on track for growth. Europe is the laggard and the tepid recovery there could still stall out. Below are some brief ideas on where this is headed…

News links for 25 Nov 2013

To me, much of the argument about whether or not markets are efficient misses the point. There are conditions, it seems, under which markets seem to do a great job of managing risk, keeping the cost of capital reasonable, and allocating…

Below is the full text of a Speech by Federal Reserve Chairman Ben Bernanke on communication and monetary policy that includes his view on the Fed’s large scale asset purchase program. His ideas give greater clarity to how the Fed thinks…

Below is a speech by Philadelphia Federal Reserve President Charles Plosser recommended a more circumscribed role for the Fed.

Below is the full text of a speech by Federal Reserve Governor Daniel Tarullo on regulation of non-bank financial institutions.

The latest quarterly figures for Germany have come out and they show an improving domestic demand trend in Germany. Net trade lowered economic growth because of weak export volume. These results and the institution of a minimum wage will…

News links for 22 Nov 2013

This summer's growing fears of the Fed's impending policy change hit a number of fixed income sectors quite hard. While corporate credit was the best performer on a relative basis, it too was hit by some sell-off and a decline in liquidity.…

Below is a video interview Larry Summers conducted with Bloomberg Television. We provide the partial transcript without comment, courtesy of Bloomberg Television.