Malaysia could be set for another interest rate increase, economists said, after data late Wednesday showed prices unexpectedly accelerated last month.
Two new General Motors trucks have yet to be released, but the company plans to hire 750 workers to build them due to high consumer interest. Plus, the Federal Reserve will release a statement following a policy meeting, which could affect interest rates. Jill Wagner reports on the day's top MoneyWatch headlines.
At a conference Friday at Yale University in honor of newly minted Nobel laureate Robert Shiller, economist Karl Case of Wellesley College paid tribute to his long-time research partner with an original poem on the lessons of the real-estate bubble and its aftermath.
Its all-important policy statement will get near-microscopic scrutiny for hints about when the first rate hike in years will come
The amount of slack in the economy is at the top of the agenda for Fed officials -- here's what that concept really means
Here's why it pays to shop around and pay attention to the details in the deals the four big carriers are offering
This week the Scots will vote on independence and the ghost of Bonnie Prince Charlie will ride once more…
Yves here. While it remains an open question as to whether frenzied efforts to push investors even further out on the risk limb will come to fruition, the fact that so many measures are underway looks like an officially-endorsed rerun of early 2007. Show More Summary
Yves here. This post focuses on ISIS as a symptom of what is wrong with US policy-making. One way of reading it is as an introduction to the role of Saudi Prince Bandar and the sway that the Saudis have had over US policy for decades. This obvious fact is curiously airbushed out of most […]
The Chinese e-commerce company's initial public offering could become the largest ever -- here's why
Don’t be surprised if the International Monetary Fund overhauls its Ukraine bailout after national elections in late October, including coordinating a restructuring of the country’s debt.
Last day of campaigning in Scotland
Venture capital risktaking and burn rates on cash are at levels that exceed the technology bubble in 1999. Companies that haven't made a dime, and perhaps never will, have valuations of $10 billion more.Curiously, it' venture capitalist Bill Gurley who Sounds Alarm on Startup Investing in an interview with the Wall Street Journal. Show More Summary
(September 17, 2014 01:00 AM, by David Henderson) Earlier this week, I posted a 1983 memo that I wrote to my boss at the Council of Economic Advisers, Martin Feldstein, about a meeting to discuss relaxing the limits on exports of Alaskan oil. Below is a follow-up memo... (0 COMMENTS)
Congratulations (of sorts) go to French prime minister Manuel Valls for being able to count sheep properly.Valls staged a vote of confidence in French parliament even though polls show 62% of voters would like president Francois Hollande...Show More Summary
(September 17, 2014 12:08 AM, by Bryan Caplan) In the past, I've argued that Steve Sailer's citizenism is a moral travesty. Advancing the interests of your in-group should always play second fiddle to respecting the rights of out-groups. But recently, he presented what sounds like a universal argument... (0 COMMENTS)
In a webcast Tuesday, I explained why I thought the Federal Reserve would stick with, but qualify, an important phrase in its policy statement Wednesday which assures near-zero interest rates for a “considerable time.” This was simply my best analysis of where I think the Fed is going based on what we have been reporting and what officials have said in the past.
One of the factors that made it easy for the housing bubble to be inflated to ever more dangerous levels was the conduct of the credit rating agencies. They gave every subprime mortgage backed security (MBS) in sight top investment grade ratings. Show More Summary
The Tax Foundation released its 2014 International Tax Competitiveness Index (ITCI) of 34 OECD countries and Canada’s overall rank was 24 out of 34 countries. Despite our recent snagging of Burger King, we are apparently in the bottom third of...
Entry and trading in over-the-counter (OTC) derivatives markets have received considerable attention. However, many critical questions remain unaddressed. This column describes a formal study of banks’ incentives to enter and trade in OTC derivatives markets. Show More Summary