from MacroScope:

Prescient Yellen saw limits of zero Fed interest rates back in 2009

March 4, 2015

yellen.jpgDespite the Federal Reserve's trillions of dollars in newly printed money, workers' wages and overall U.S. inflation have failed to take off since the recession. Longer-term borrowing costs, from 10-year Treasury yields to 30-year home mortgages, have also compressed without any real signs of reversing. While this has perplexed many economists, transcripts of the U.S. central bank's crisis-fighting meetings in 2009 show that Janet Yellen, then the head of the San Francisco Fed, was prescient in warning colleagues of these very problems.

from MacroScope:

Long night of talks in Brussels and Minsk

By Mike Peacock
February 12, 2015

Eurogroup President Dijsselbloem greets Greek Finance Minister Varoufakis during an extraordinary euro zone Finance Ministers meeting in Brussels

A long night of talks in Brussels and Minsk.

Despite going into the early hours of the morning, euro zone finance ministers failed to reach agreement on a way forward with their Greek counterpart and will try again on Monday.

from Breakingviews:

Others will join hryvnia and rouble in FX sin bin

By Edward Hadas
February 6, 2015

By Edward Hadas

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Breakingviews:

ECB’s Greek bank warning stays within reason

February 5, 2015

By George Hay

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Breakingviews:

Australia underscores urgency of Asian rate cuts

February 3, 2015

By Andy Mukherjee 

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Breakingviews:

Negative yields can go much more negative

By Edward Hadas
February 2, 2015

By Edward Hadas

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Breakingviews:

Review: What the Great Depression taught the Fed

By Guest Contributor
January 30, 2015

By Edward Chancellor

The author is a guest columnist for Reuters Breakingviews. The opinions expressed are his own.

from Breakingviews:

Greek deposits fly between a rock and a hard place

January 30, 2015

By George Hay and Neil Unmack

The authors are Reuters Breakingviews columnists. The opinions expressed are their own.

from Breakingviews:

Monetary mess threatens gains from oil oversupply

January 27, 2015

By Andy Mukherjee

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from MacroScope:

Low-inflation wave reaches Mexico

January 22, 2015

A Mexican soccer fan watches a large screen broadcasting the 2014 World Cup soccer match between Mexico and Cameroon, in downtown Monterrey

Just as ECB President Mario Draghi announced a massive bond-buying program to revive Europe's economy and fend off deflation fears, news of shockingly low inflation popped up elsewhere in the globe: consumer prices in Mexico dropped 0.19 percent in early January, far below all 19 forecasts in a Reuters poll.