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Greenspan and the Economic Blame Game
(April 7) -- Who to blame and what to change? The tornado of economic arguments swirling around Washington these days addresses both failures that led to the recent financial crisis and the legislating of new rules aimed at preventing the next one. It shouldn't be surprising that a dominant player in all things economic...
Get Ready for Round 3 of Credit Card Reform
(March 19) -- Don't take the shears to your credit card just yet. While credit card issuers may have managed to stay one step ahead of consumer-protection regulations, the next round of Credit CARD Act provisions will force them to roll back some of their charges. "This proposal addresses two key costs of using a...
What Markets Missed About Interest Rates
(Dec. 7) -- In economics, timing is everything, which is the real message about interest rates from Federal Reserve Chairman Ben Bernanke's speech Monday, rather than the newly leavened economic forecast many in the markets seemed to hear. Wall Street was closely watching the Fed chief as he spoke to the private Economic...
InterestRates News From AOL
'It's Better To Be Safe Than Sorry'
After Greece's inconclusive elections on May 6 led to political deadlock and heightened doubts about the country's future in the euro zone, Nikos, a successful businessman in the pharmaceutical supply industry, sent 7 million euros to a bank in Luxembourg.
European Banks May Become More Vulnerable, Reliant On Taxpayer Money
Bond investors say they could stop funding Europe's fragile banks if rules designed to insulate them from shocks are put in place, making financial institutions even more vulnerable to the debt crisis and possibly more reliant on taxpayer money.
Michael Pento: Deflation Isn't the Enemy
We now live in a world where deflation has become public enemy number one.
How Did Republicans Get to the Right of Milton Friedman?
Republicans have rejected what would come to be known as Keynesian economics since FDR created huge public works programs employing millions to drag us out of the Great Depression.
Europe's leaders seek ways to boost growth
PARIS -The leaders of the 27 countries that make up the European Union are to meet in Brussels on Wednesday to try and find a way to keep the debt crisis in Europe from spiraling out of control and promote jobs and growth.
InterestRates News From the Web
- 05/28/12 Macro muddle leaves a credibility gap Source: The Sydney Morning Herald - Sydney NSW - Australia This columnist has intermittently tracked the economic narrative emanating from our economic leadership in Canberra and Martin Place.
- 05/28/12 The Truth About Uncertainty Is That It's (Mostly)... Source: Bloomberg.com When corporate executives are asked why they don't spend more of their record profits by investing in their businesses and hiring workers, they offer this mantra: uncertainty, brought on by President Barack Obama.
- 05/28/12 Debt-Ceiling Deja Vu Could Sink Economy Source: Bloomberg.com Yet the biggest threat to the emerging U.S. economic recovery may be Congress.
- 05/28/12 Colombia Central Banks Leaves Key Interest Rate at... Source: Bloomberg.com Colombia 's central bank kept borrowing costs unchanged for a third month, citing the deepening European debt crisis , slower-than-expected April inflation and lower oil prices.
- 05/28/12 Coal India profit jumps 36% Source: The Telegraph of India Coal India today posted a 36 per cent rise in profit after tax at Rs 14,788.20 crore for 2011-12 compared with Rs 10,867.35 crore in the previous fiscal because of a steep price hike in February 2011.
Background on InterestRates
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