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Janet Yellen Signals Caution on Rates
WSJ
Federal Reserve Chairwoman Janet Yellen flagged risks to the economic outlook that could delay the central bank's plans for raising short-term interest rates, in her semiannual testimony to Congress on U.S. monetary policy.
Related: Four Legal Questions the Fed Would Face If it Decided to Go Negative
Josh Zumbrun / WSJ Economics
Federal Reserve Chairwoman Janet Yellen fielded questions in Congress on Wednesday about whether negative interest rates are legal. There are four key considerations at stake.
Related: Hyperinflation Paranoia Guides the Fed
Noah Smith / Bloomberg Views
Fear of Venezuela-style inflation is overblown.
 
For Europe, Financial Innovation Is a Better Bet than a Fiscal Transfer Union
Petersen Institute
The fire started in the basement, almost completely burning down the house. Fortunately, your neighbor was out of town. You had told him to replace his old furnace to save money, but he procrastinated. Many neighbors offered to help, some more than others. The neighborhoods solidarity was touching but ultimately ...
Related: The 13 reasons to worry about European banks
Ben Wright / Telegraph
The exact blend of concerns varies from bank to bank depending on the clients and markets to which they are exposed, their funding structure and their business model
 
What a Debt Buyback Would Mean for Deutsche Bank
WSJ
The news that Deutsche Bank is considering buying back a chunk of its own debt has sparked a sharp relief rally in European banking shares, which have taken a beating this year up until now.
Related: Deutsche Bank: Germany's financial colossus stumbles
Philip Oltermann ... / Guardian
After 146 years of solidity, the bank that came unscathed through the 2008 crisis is now the focus of investors' fears for the banking system Deutsche Bank fuelled Germany's rise to the status of economic powerhouse, financing its industry in the 19th century and helping the country's economy to rise ...
Related: Read between lines of Deutsche's memos
FT
There are several giveaways in CEO John Cryan's memo to staff
 
China Stocks: Make Money Following Beijing's Lead
Barrons
China Stocks: Make Money Following Beijing's Lead Top stock picker reveals cheap plays on big trends that will reshape China's economy by 2020.China Stocks: Make Money Following Beijing's Lead Top stock picker reveals cheap plays on big trends that will reshape China's economy by 2020.
Related: This Chinese City's Property Market Is Out of Control
WSJ
Shenzhen housing prices are up nearly 50% from a year ago. Speculation and unaffordability mean such gains are likely unsustainable.
 
Venezuela Could Learn From Weimar Hyperinflation
Stephen Mihm / Bloomberg Views
Germany showed a path out of crisis.
Expand sublinks   Also:  WSJ | Value Walk | IFR
 
India pins hopes on China-backed trade bloc
Times of India
New Delhi has long been seen by many countries as an intransigent player at the World Trade Organization, a multilateral forum that has struggled to find the consensus it needs to move forward.
Related: Why India's Economy Is at the Head of the Pack
CFR
India is growing faster than any other economy in the world. This is not just because oil prices have fallen, writes CFR's Sebastian Mallaby.
 
As Stocks Fall, Central Banks Look Powerless
Barrons
Even as bond yields head into negative territory, stocks continue to tank, suggesting tough times ahead.
Expand sublinks   Also:  Plan B Economics
 
How Japan's 'Abenomics' Reached an Impasse
WSJ
Prime Minister Shinzo Abe's plan was a bet that a committed central bank could jolt Japan out of decades of decline. But the bank's failure to generate a sustained economic upswing suggests the program has reached an impasse.
 
Can mass migration boost innovation and productivity?
Nuria Boot ... / Bruegel
The long-term impact of migration on innovation and productivity growth in host countries is a neglected issue in the current debate on refugees. Research shows that these effects can be substantial, but if Europe wants to capitalize on this potential it will need better information systems to match migrants' skill ...
Expand sublinks   Also:  SCOTUSblog
 
Why the Trans-Pacific Partnership Isn't a Bum Deal
Petersen Institute
"The TPP is a horrible deal," Donald Trump said. "It's a deal that's designed for China to come in, as they always do, through the back door and totally take advantage of everyone." "TPP is a disastrous trade agreement designed to protect the interests of the largest multinational corporations at ...
Expand sublinks   Also:  Value Walk
Related: No relief for embattled steel industry on trade tariffs
Alan Tovey / Telegraph
Trade tariffs on Chinese steel are unlikely to be raised says business secretary as Britain's industry battles a flood of subsidised imports
 
Lloyd's of London says Brexit would hamper its global business
Marion Dakers / Telegraph
Insurance market says a vote to leave the EU would create barriers to customers but no 'regulatory nirvana'
 
A Swedish Rate Cut Doesn't Make Sense
Adrian Schmidt / Bloomberg Views
The economy is strong. A cut would look panicked and premature.
 
Puerto Rico creditors make counter offer
FT
Investors seek to avoid haircut while providing debt relief to the island
Expand sublinks   Also:  Reuters | Reuters | CNBC | The Foundry
 
Taxing Oil Production? No Thanks. We've Been There Before
University of ... / Forbes
President Obama's budget proposal for a unilateral tax of $10.25 a barrel on all oil consumed for transportation in the United States will be, in effect, a direct tax on gasoline and diesel that will be passed through to the consumer at the pump. The White House's statement that the ...
Related: Is China Hitting Peak Oil?
Jamie / The American Interest
China's oil production is expected to fall this year. That's good news for world peace.
 
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India pins hopes on China-backed trade bloc
Times of India
China Stocks: Make Money Following Beijing's Lead
Barrons
What a Debt Buyback Would Mean for Deutsche Bank
WSJ
Venezuela Could Learn From Weimar Hyperinflation
Bloomberg Views
Janet Yellen Signals Caution on Rates
WSJ
A Swedish Rate Cut Doesn't Make Sense
Bloomberg Views
Puerto Rico creditors make counter offer
FT
Can mass migration boost innovation and productivity?
Bruegel
Why India's Economy Is at the Head of the Pack
CFR
As Stocks Fall, Central Banks Look Powerless
Barrons
What's this?
Link: Centre for Macroeconomics
Link: Economic and Social Research Council
 
Last Updated: 06:16 GMT     Thursday, 11 Feb. 2016 Archive About FAQ Home