The Great Debate

Savers shoulder the inevitable burden of bad loans

November 5, 2010

Britain’s new coalition government likes to remind voters we are all in this together. The phrase is rather glib. But in an important sense savers and borrowers around the world are finding the costs of reckless lending are falling on the innocent and guilty alike.

Fed launches QE-lite

November 4, 2010

In a compromise, the Federal Open Market Committee (FOMC) has approved a cautious and conservative second round of quantitative easing (QE2) which may satisfy nobody but should prevent internal splits from widening.

Fed is split but QE2 looks a done deal

November 1, 2010

- The opinions expressed are the author’s own-

FOMC meetings are usually a strange combination of formality and easy-going familiarity but levity may be in short supply this week. The Fed’s institutional credibility is on the line, and the normal decorum that characterizes relations among committee members has become increasingly strained over the summer.

Central banks face crisis of confidence

September 29, 2010

Central banks around the world are facing the worst crisis of confidence since the 1930s, as investors, households and firms question their commitment and ability to deliver price stability.

Uncertainty, distributions and fat-tails

August 6, 2010

In a thoughtful article published this week in the Financial Times, PIMCO Chief Executive Mohamed El-Erian and Columbia Economics Professor Richard Clarida explore the implications of a shift in the shape of investors’ and policymakers’ expectations about the future.

Locking up bank reserves is wrong policy focus

February 9, 2010

– John Kemp is a Reuters columnist. The views expressed are his own. —

Sluggish investment will hamper recovery

February 2, 2010

– John Kemp is a Reuters columnist. The views expressed are his own –

There’s no way to hedge politics

January 26, 2010

Ben Bernanke in peril and the Volcker crackdown on proprietary trading by banks show two truths of the current dispensation: there is no effective hedge against politics and the reflation trade rests on fragile foundations.

Bernanke’s fearful asymmetry

January 5, 2010

saft2.jpg – James Saft is a Reuters columnist. The opinions expressed are his own —

from Commentaries:

Time for the Fed to stand up to its critics

August 20, 2009

John M. Berry is a guest columnist who has covered the economy for four decades for the Washington Post and other publications.