Financial Markets

China again raises reserve requirements of banks .

All those hoping to reap the inequitable riches from yet another highly inflationary year — a much less arduous task than that of creating real wealth or generating genuine income — will just have to hope he is right.

Brad Setser at RGE Monitor provide this commentary

An excellent piece by Michael Malone in the WSJ today (thanks S. Berger):

As this contrived example illustrates, an options market might allow for more efficient output decisions whereas a futures market (let alone a simple spot market) might not.

Much ink has been expended in discussions of the US yield curve and also on the reluctance of the country’s lower money aggregates to grow as

After all, these intangible financial instruments can't be eaten or used to build a house, so what good are they? The present article seeks to answer just this question.

Contrary to the accepted way of thinking, recessions are not negative growth in GDP for at least two consecutive quarters.

New House Speaker Nancy Pelosi has put the 2002 Sarbanes-Oxley (SOX) regulatory monster at the top of her list of things to tackle in January 2007.

Despite their horrible reputation, stock speculators perform a crucial service in the market economy. Their attempts to buy low and sell high quickly eliminate mispricings in the stock market.