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New Fed Chair Janet Yellen Faces Global Financial Woes From Tapering
Even more worrisome than the wild swings on Wall Street and many other stock markets has been the impact of tapering on major emerging markets.
The Summers of Our Discontent
Author, 'Final Audit'
Obama's expected nomination of Summers was a perfect example of that critical flaw. Repeated appointments of inadequate individuals with questionable résumés -- whether out of loyalty or cronyism -- leaves the government vulnerable to recurrent failure.
Is Wall Street Zapping America Again?
Raymond J. Learsy
Author, 'Ruminations on the Distortion of Oil Prices and Crony...
Rather than helping to finance the day-to-day and investment needs of American business, it takes neither competence nor vision to borrow at the Fed window and use near costless funds investing them in emerging markets.
Like Somali Pirates, Wall Street Holds U.S. to Ransom
Director of PRIME Policy Research in Macroeconomics
All this daylight robbery and confusion takes place because policymakers -- at the US Treasury, the Federal Reserve and the British government -- do not understand what is going on.
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