International
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Fed Restarts Foreign Currency Swaps
In a release late Sunday night, the Fed announced that it has agreed with other major central banks to reopen foreign currency swap lines in order to...
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Weekend Editorial Roundup
Here are the highlights from this weekend’s editorials on fiscal and budget policy: The Chicago Tribune criticized both parties for reckless spending...
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Why This Isn't Just a Greek Problem
The EU and IMF just recently agreed to provide a nearly $1 trillion rescue fund for European countries facing troubled fiscal waters. Meetings over...
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‘Line’ Items: Greek Tragedy Edition
From Sophisticated to Sophocles – The untangling of the complex web of financial manipulation and deceit arising from the “hidden debts” controversy...
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Greece and the United States: The Importance of Having a Credible Fiscal Framework
European leaders are meeting tonight to talk about Greece and the eurozone crisis. According to press reports, they will likely agree upon and...
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Marketwatch Update: The US as Safe Haven Returns - but Technical Glitches May Have Also Kicked In
It wasn’t enough that we had a lot of impressive economic news this week (including today’s solidly positive employment numbers – even though...
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Market Watch Update: April 26-30
As of mid-day Friday, April 30, the government bond market was on track to have a good week, with prices up (and therefore yields down, because they...
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Debt Downgrade for Greece (and Portugal)
In previous blogs, we have discussed how the three credit rating agencies have hinted that the United States needs to get its debt under control (see...
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Weekend Editorial Roundup
Here are the highlights from this weekend’s editorials on fiscal and budget policy: The Wall Street Journal criticized plans by Democrats to introduce...
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Iceland Ash Blanket Settles Over World Economy
Airline traffic may not be the only thing slowed by Iceland’s volcanic eruptions. The slow-moving, fragile economic recovery may take a hit as well...
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IMF Says our Economies are Looking Better, but the Outlook is still Fragile
According to the IMF, we are entering a new phase of the economic and financial crisis: the world has averted a depression, a recovery is taking hold...
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The All-Important Deficit Targets
Japan is considering legislation to impose deficit-targets, according to an article in The Wall Street Journal. With their debt nearing 200% of GDP...