The G-8 Cites Recovery Signs

The G-8 is composed of the U.S., Japan, Germany, France, U.K., Canada, Italy and Russia. Representatives met over the weekend in Lecce, Italy to begin crafting an agenda for when a broader set of leaders meet on July 8-10.

The group acknowledged that they are now considering how to back out the swift rescue . . . → Read More: The G-8 Cites Recovery Signs

Does Unconventional Monetary Policy and Unusual Fiscal Policy Presage an Upsurge in Inflation?

Unconventional monetary policy

Central banks worldwide have gone into `unconventional monetary policy’ owing to policy rates having hit the zero interest rate bound, and owing to the difficulties in finance which have impeded the monetary policy transmission. This has involved dramatic increases in money supply, purchases by central banks of government bonds and corporate . . . → Read More: Does Unconventional Monetary Policy and Unusual Fiscal Policy Presage an Upsurge in Inflation?

Why Some Homeowners Are Cheering the LIBOR

One reader contacted me last week with her good news. She said, “Have a look at the letter from my bank. It looks like good news to me!”

I later found out that this reader originated her adjustable rate loan five years ago on a new California home purchase. She was aware at the . . . → Read More: Why Some Homeowners Are Cheering the LIBOR