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The Dow Jones Industrial Average fell 67.43 points to 16,351.25. The Nasdaq composite index dropped 27.26 points to 4,307.19, and the Standard & Poor's 500 Index lost 9.54 points to 1,867.63.
The Right wants us to do so much more on the world scene. We should be intervening in so many places, they argue, and any failure to do so signifies inept and gutless leadership, a symptom of America's decline.
I think the Chinese government - like governments everywhere - is terrified of domestic lending seizures or dislocations and will do pretty much anything to mitigate that risk.
Federal Reserve Bank of Philadelphia President Charles Plosser, who votes on policy this year, said recent encouraging economic data isn't enough to change the pace of the central bank's asset purchases.
During the days of William Jennings Bryan it was pretty well understood that deflationary monetary policies helped bondholders and inflationary monetary policies helped debtors.
Economists have a reputation for being unable to agree on anything. Perhaps you are one of the few people in the world who has never heard the joke about Harry Truman, who wanted a one-armed economist who could never say "on the other hand."
It seems as if there is a growing concern over credit bubbles these days. My last post discussed the subject of bubbles and how bubbles might occur more frequently because investors learn There were several articles last week that pointed out how private equity "kings" benefited from the actions of the Federal Reserve.
Value investor Seth Klarman, the founder of Boston-based hedge fund Baupost Group, thinks this market looks like the 1998 Jim Carrey movie " The Truman Show ."
As Ben Bernanke retires, you can bet he will be tapping his annuities to replace his paycheck.
Non-Krugmans get no respect - even if they're right Nobel laureate Paul Krugman writes a weekly column on economics for The New York Times and seems to do his best John Maynard Keynes imitation in seeking to humiliate everyone with whom he disagrees.
Ben Bernanke earned more in 40 minutes on Tuesday than he made all of last year as head of the U.S. Federal Reserve.Bernanke was paid at least $250,000 for his first public speaking engagement, in Abu Dhabi, since stepping down in January, according to sources familiar with the matter.
'It would have done the Fed no harm to have had more people with a habit of making snap decisions' What would it take to make economics more useful in a crisis? Not more rigorous or more realistic - although that would be nice - but simply better equipped to deal ad hoc with the financial equivalent of a burning building? It's sobering to read the ... (more)
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Former Federal Reserve Chairman Ben Bernanke leaves the Federal Reserve building in Washington, Friday, Jan. 31, 2014.