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FT.com – Asia’s inflation genie leaps out of the bottle
House prices to fall further as loan arrears rise – Independent.ie
TheMoneyIllusion » It’s China’s world, we just live in it (Krugman, round two)
More Americans live with multiple generations of family – USATODAY.com
FT.com – The weak renminbi is not just America’s problem
How [...]

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The Pragmatic Capitalist – The Many Myths of Warren Buffett
Morgan Stanley – Global Economic Forum – Default or Inflate or…
Time to Press China on Its Exchange Rate – Economix Blog – NYTimes.com
FT Alphaville – Neil Hume – Buiter’s back
S&P May Downgrade Greece Within Month on Budget Risks – Bloomberg.com
Obama may compromise on consumer agency to [...]

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The following is a post which first appeared at the Big Picture from Paul Brodsky & Lee Quaintance who run QB Partners, a private macro-oriented investment fund based in New York.
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We Are All Austrians Now
Things are different this time, as they always are. The great difference between today’s capital markets and those since World [...]

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Hat tip gaius marius.
Rogers is not just bullish on agricultural commodities. He is bullish on oil too. Rogers says:
Over the next decade or so, oil is going to go much, much, much higher because known reserves are declining at a very rapid rate.

As for agricultural commodities, he’s talking about severe shortages of food. Stock up.

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In the wake of news about President Obama’s new Too Big to Fail Tax and Barry Ritholtz’s post on it, I had an in-depth conversation on the issue with a whole group of people, including Barry. Most of the group was all for the tax.  I am not, as I recently laid out in an [...]

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Randy Wray says:
The Federal Reserve on Monday proposed allowing banks to park their reserves at the central bank, a move aimed at weaning the economy off extraordinary infusions of cash and curbing inflation. The Fed would create the equivalent of a certificate of deposit that pays interest to banks for keeping some of their reserves [...]

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So, it’s that time of year again when people make their year-end predictions. I’ll be running my own and critiquing my performance from last year.  Here are former bear now bull Richard Bernstein’s ten predictions for 2010.  There is a clip at the bottom from CNBC as well.
Before you pillory Bernstein for going from David [...]

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When asked about monetary policy by Sen. David Vitter earlier this month, Ben Bernanke gave the following response.
The public’s understanding of the Federal Reserve’s commitment to price stability helps to anchor inflation expectations and enhances the effectiveness of monetary policy, thereby contributing to stability in both prices and economic activity. Indeed, the longer-run inflation expectations [...]

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Andy Xie believes ultra-low interest rates in the U.S. and elsewhere are fuelling an asset price bubble which will pop dramatically in 2012.  In his view, the policies of the world’s central banks are reckless and will lead to worse down the road.
Bloomberg quotes him as follows:
“There is a Chinese saying that one could quench [...]

As we discuss sovereign debt levels, currencies and competitiveness, it bears remembering that interest rates are at the heart of many of these debates. To the degree debt service costs are the only measure used to determine how high a debt burden is, you are going to run into problems with low interest rates. The lower the rate of interest, the higher the debt load a given repayment schedule can service. Focussing only on debt service costs is clearly bubble mentality that led to huge credit growth in the household sector in the past decade. If this same mentality creeps into the debate on public sector debt burdens, expect the same results.