Professor of Economics at Harvard University Kenneth Rogoff: The Fed’s Communication Breakdown
Nothing describes the United States Federal Reserve’s current communication policy better than the old saying that a camel is a horse designed by committee. Various members of the Fed’s policy-setting Federal More...
Harvard Professor Martin Feldstein: The Chinese Economy and Fed Policy
Janet Yellen’s speech on September 24 at the University of Massachusetts clearly indicated that she and the majority of the members of the Federal Reserve’s Federal Open Market Committee intend to raise More...
Have a Feeling the 5.6% Unemployment Number is BS? You’re Right
So the unemployment rate reached below that magical number, 6%. That number became the figure to watch when Fed Chair Janet Yellen said bond buying might be relaxed and interest rates might make a reversal More...
Russia Cuts Interest Rate But Ruble Still Falling – Someone Should Listen to Mikhail Fridman
Mikhail Fridman was right. Russia’s economic problems don’t stem from its inability to juggle its numbers — they’ve been juggling like it was the Moscow Circus. And they don’t even More...
Former German Foreign Minister and Vice Chancellor Joschka Fischer: A Greek Burial for German Austerity
Not long ago, German politicians and journalists confidently declared that the euro crisis was over; Germany and the European Union, they believed, had weathered the storm. Today, we know that this was More...
Bill Gross Predicts 25 Basis Point Interest Rate Rise by June
A policy statement from the U.S. Federal Reserve indicates a “patient” approach to raising interest rates; Janus manager Bill Gross thinks the rise will be 25 basis points by June 2015. The FOMC More...
Leftist Tsipras’ Defiance Over Debt Sends Greek Markets to Hades
Far left Prime Minister of Greece, Alexis Tsipras, threw down the gauntlet regarding foreign creditors by rejecting austerity measures; this move caused Greek markets to drop dramatically, as reported More...
Harvard Professor Martin Feldstein : The Eurozone Needs More than QE
Although the European Central Bank has launched a larger-than-expected program of quantitative easing (QE), even its advocates fear that it may not be enough to boost real incomes, reduce unemployment, More...
Crude Prices Gain Ground on Dollar’s Weakness
Oil prices inched higher as the dollar lost ground against the euro on Tuesday, a report said. The price of Brent, the global oil benchmark, climbed 3.5 per cent to $49.84 a barrel, while West Texas More...
Russia’s Drop to Junk Rating Likely to Spiral Further Down
For the first time in a decade, Standard & Poor’s gave Russia a junk rating, and two other ratings agencies removed the country from investment grade status, according to Bloomberg. Russia’s More...