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Fed's Dudley: "Lessons at the Zero Bound: The Japanese and U.S. Experience"

As president of the NY Fed, William Dudley is a key member of the FOMC. He clearly supports QE ... From NY Fed President William Dudley: Lessons at the Zero Bound: The Japanese and U.S. Experience. A few excerpts: In terms of our asset purchase program, I believe... (read more)
 

Obama administration leaked information to try discrediting Operation Fast and Furious whistleblower

Contrast what Obama administration did with this guy who leaked information to discredit a whistleblower with what the administration is doing to reporters who obtained information that they are less thrilled by getting out.  From the New York Times:The... (read more)
 

Noted for May 23, 2013

Ben McLannahan: BoJ holds amid signs of economy picking up | Paul Krugman: The point, I think, is that you can simultaneously fault the Fed and economists in general for failing to see this crisis coming, and ridicule the hedge fund guys for giving advice right... (read more)
 

Live Blog: Apple grilled over tax avoidance

Apple chief executive officer Tim Cook takes the hot seat on Tuesday morning in Washington to answer questions about a tax planning strategy that has enabled it to avoid billions of dollars of taxes. Carl Levin, chairman of the Senate investigations committee,... (read more)
 

Car Sharing: Future Looks Bright, Even with Some Cloudy Legal Issues

There’s just no stopping the sharing. Despite recent legal challenges to certain “peer-to-peer” car-sharing services, the range of sharing options keeps on expanding, making it easier and easier for consumers to skip taxis, traditional car... (read more)
 

Face It: You're Crazy

Flickr/Mark TurnauckasCommonly referred to as "the DSM," the Diagnostic and Statistical Manual of Mental Disorders is often referred to as psychiatry's "Bible." If that's the case, imagine the outcry if an overzealous publisher merged the Gospels of Luke and... (read more)
 

Existing Home Sales in April: 4.97 million SAAR, 5.2 months of supply

NOTE: Federal Reserve Chairman Ben Bernanke testimony Testimony by Chairman Bernanke on the economic outlook The NAR reports: April Existing-Home Sales Up but Constrained Total existing-home sales, which are completed transactions that include single-family... (read more)
 

Report: Toyota to boost Li-ion production for hybrids to more than 200K packs per year

The Nikkei reported that Toyota Motor Corp. plans to increase its output of lithium-ion batteries for the Prius and other models to more than 200,000 units a year. Most of Toyotas hybrids still rely on NiMH batteries. The Nikkei report said that Toyota hopes... (read more)
 

Wednesday links: overinflated self-esteem

This is an early (and incomplete) edition of the linkfest. We will catch up tomorrow. Good luck out there.Quote of the dayFrancisco Dao, “Success doesnt come from feel-good messages and overinflated self esteem. It comes from grit, rules, and discipline.”... (read more)
 

Massachusetts Employees Will Keep Their Health Plans

Copyright, The New York Times CompanyMassachusetts and a few neighboring states are likely to experience the Affordable Care Act a lot differently than the rest of America.Massachusetts is often held up as a window into Americas health insurance future, because... (read more)
 

Spending on America's Pets

Steve Henderson of the U.S. Census Bureau pulls together data from the Consumer Expenditure Survey and looks at "Spending on pets." He writes (footnotes omitted): "Nearly three-quarters of U.S. households own pets. There are about 218 million pets in the United... (read more)
 

Money Supply in the credit crunch and recession

Question: re: article on the great recession. How did the money supply affect the credit crunch and recession?Firstly, we can look at the statistics for the money supply growth rate in the UK.Source: Bank of EnglandThis shows strong growth in the broad money... (read more)