from The Great Debate UK:

Mental accounting – the jar fallacy

By Guest Contributor
April 15, 2014

--Ian Bright is Senior Economist at ING. The opinions expressed are his own.--

When Dustin Hoffman was first starting out as an actor, struggling to make ends meet, he managed his money in a simple – but potentially financially dangerous – way.

from The Great Debate:

Should the U.S. force citizens to save?

By Allison Schrager
December 17, 2013

Americans aren’t saving enough to retire. This gap poses a problem for everyone, not just people who will face near-poverty when they can’t work anymore. Does that merit forcing people to save more?

from The Great Debate:

America’s aging population undermines monetary policy

By Allison Schrager
September 24, 2013

Last week the Fed announced it would keep buying assets, for now, to keep the economy afloat. But that raises the question: why haven’t all the Fed's efforts so far worked better?

from The Great Debate:

The biggest unanswered question about retiring in America

By Allison Schrager
September 10, 2013

America has moved to a system where nearly everyone is expected to save and invest for their retirement. Yet remarkably little attention has been paid to the big question: what should people do with their money when they actually retire? Neither the government nor the financial industry has any good answers. This leaves individuals ill-equipped to figure it out for themselves. Before the bulk of baby boomers reach retirement they will need a better solution. That will require the government and the financial industry to define their role in how people finance their retirement.

from Reihan Salam:

How Larry Summers could fix his reputation — and help millions of Americans

By Reihan Salam
September 6, 2013

Right now, it looks as though Larry Summers has the inside track to be named the next chairman of the Federal Reserve. This is despite the fact that many on the left, from Democratic lawmakers like Oregon Senator Jeff Merkley to influential activists like Mike Konczal of the Roosevelt Institute, are deeply skeptical of Summers, owing to his ties to the financial sector, his impolitic reputation, and the fear that he might be more concerned about the dormant threat of inflation than the very real scourge of long-term unemployment. The discouraging job growth numbers released by the Bureau of Labor Statistics earlier today can’t help his case. But Summers, the former chairman of President Obama’s National Economic Council, seems to have the trust and respect of his former boss, and that may be all he really needs to secure the most powerful economic policy-making job in the country.

from Breakingviews:

Asian capital flight risk goes beyond hot money

July 15, 2013

By Andy Mukherjee

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

from Felix Salmon:

The systemic plight of labor

By Felix Salmon
May 1, 2013

blodget.png

It's May Day, and Henry Blodget is celebrating -- if that's the right word -- with three charts, of which the most germane is the one above. It shows total US wages as a proportion of total US GDP -- a number which continues to hit all-time lows. Blodget also puts up the converse chart -- corporate profits as a percentage of GDP. That line, you won't be surprised to hear, is hitting new all-time highs. He's clear about how destructive these trends are:

from Global Investing:

Will gold’s glitter dim in India?

April 19, 2013

Indians have reacted to the latest gold prices falls by --- buying more gold. And why not? Aside from Indians' well known passion for the yellow metal (yours truly not excluded) gold has by and large served well as an investment: annual returns over the past five years have been around 17 percent, Morgan Stanley notes.

from Global Investing:

No one-way bet on yen, HSBC says

April 16, 2013

Will the yen continue to weaken?

Most people think so -- analysts polled by Reuters this month predict that the Japanese currency will fall 18 percent against the dollar this year. That will bring the currency to around 102 per dollar from current levels of 98. And all sorts of trades, from emerging debt to euro zone periphery stocks, are banking on a world of weak yen.

from David Cay Johnston:

The victims of low-interest locusts

By David Cay Johnston
August 10, 2012

Another financial crisis looms for U.S. taxpayers, a disaster likely to create even worse human misery than the mortgage fiasco that some of us warned about years before the Wall Street meltdown in 2008.