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By John Brynjolfsson |
March 5, 2013
A Chinese proverb, which could certainly be applied to the examination of monetary policy, advises: “if you want to know what the water is like, don’t ask the fish.” I take this advice to heart, as it fit my approach to life—step back and look at the big picture from...
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By Susanne Walker and Anchalee Worrachate, Bloomberg |
March 5, 2013
Treasuries declined for a second day as a report showed U.S. services industries expanded, reducing demand for the safety of fixed-income assets.
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By Shobhana Chandra, Bloomberg |
March 4, 2013
Americans are finding it easier to borrow from banks, supporting consumer spending and business investment and helping fuel employment just as U.S. government budget cuts start to take hold.
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By Liz Capo McCormick, Bloomberg |
March 4, 2013
Just the hint the Federal Reserve would end debt purchases that have supported bond prices sent Treasury yields soaring last month to the highest since April, a reaction that is unwarranted if money markets are a guide.
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By Susanne Walker, Bloomberg |
March 1, 2013
Treasuries rose for a second day, with 10-year yields headed for the biggest weekly drop since September, as $85 billion of spending cuts that threatened to slow the world’s largest economy are set to be triggered.
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By John Detrixhe and Neal Armstrong, Bloomberg |
March 1, 2013
The euro fell below $1.30 for the first time in two months after reports showed the region’s manufacturing contracted in February and unemployment climbed to a record.
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By Susanne Walker and Cordell Eddings, Bloomberg |
February 25, 2013
Treasuries rose, pushing 10-year yields down the most since November, as polls indicated the euro area’s third-largest economy, Italy, may be left with a hung parliament, stoking refuge demand.
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By Jef Feeley and Allen Johnson Jr., Bloomberg |
February 25, 2013
BP Plc, Transocean Ltd. and Halliburton Co. are seeking to avoid billions of dollars in damages by proving in court that mistakes leading to the 2010 Gulf of Mexico oil spill didn’t amount to gross negligence.
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By Michael McFarlin |
February 21, 2013
A couple of weeks ago, Standard & Poor's was sued by the U.S. government and a number of state governments for allegedly inflating credit ratings. Once again, Stephen Colbert brings his unique take on the S&P lawsuit.
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By Nikolaj Gammeltoft and Sarah Pringle, Bloomberg |
February 19, 2013
U.S. stocks rose, sending the Standard & Poor’s 500 Index to its highest level in five years, on optimism over dealmaking and data showing rising investor confidence in Germany.
