Warren Buffett isn’t just a great investor. He’s the best investor, an economic study has found.
Slumping asset prices show a recession is probably on its way.
China may be approaching a “Minsky moment” -- a sudden fall in asset values bloated by credit.
Regulators should throw out the old rule book that uses such policies as consolidation to manage bank competition and instead focus on addressing the “too-big- to-fail” issue.
The U.S. Federal Reserve will restart its emergency currency-swap tool by providing as many dollars as needed to European central banks to keep the continent’s sovereign-debt crisis from spreading.
The U.S. gave an election-eve commitment to “carefully calibrate” its budget retrenchment amid global warnings that a rush of austerity would harm the weak world economy.
Corporate bond sales surged to $15.9 billion yesterday, the busiest day in almost two months, as the Federal Reserve ’s move to stimulate the economy ignited a rush of issuers tapping credit markets at record-low interest rates.
China’s shift toward a stronger exchange rate may alter the shape of the world economy’s expansion more than its speed, economists said.
Treasuries fluctuated as the U.S. prepared to sell $16 billion of 30-year securities in the last of three note and bond auctions this week totaling $72 billion.
"We need rebalancing and this means the U.S. has more exports and China has more domestic consumption."
- Torsten Slok on Jun 21, 2010
Deutsche’s Slok Says September Taper `Done Deal'
Levitt, Clarida, Faber, Slok, Feroli, Cook: Surveillance