...

Yesterday, both the European Central Bank (ECB) and the Bank of the UK cut their benchmark interest rates to record lows. This is especially incredible in the case of the UK, whose Central Bank over 300 years old! You can see from the following chart that both Central Banks have more than made up fo...

US Treasury yields have been held low across the short-term and long-term due in part to a lack of appealing investment opportunities in a deflationary period, while the Federal Reserve announced in January the possibility of buying long-term US government Treasury bonds to help hold down long-term ...

Martin Wolf - FT.com What has Japan's "lost decade" to teach us? Even a year ago, this seemed an absurd question. The general consensus of informed opinion was that the US, the UK and other heavily indebted western economies could not suffer as Japan had done. Now the question is changing to whether...

FROM ACLU.org What is Section 215? Section 215 allows the FBI to order any person or entity to turn over "any tangible things," so long as the FBI "specif[ies]" that the order is "for an authorized investigation . . . to protect against international terrorism or clandestine intelligence activities....

If it's big and pink and wobbly, it's probably a bubble If you haven't yet watched Jeff Randall's excellent interview with Chancellor Darling, you really should (here). The great thing about Randall is that he understands how economics and finance works, and has the facts at his fingertips - which i...

If Barack Obama really wants change... by Jeremy Frombach www.opednews.com This financial bubble is so, so easy to understand. Don't be steered by economists, brokers, and politicians using lofty terms and numbers far beyond the understanding of the average American aimed at confusing you. It all co...

Image via Wikipedia By Joseph Stiglitz, Vanity Fair We are at a dangerous moment. Behind the debates over future economic policy is a debate over history -- here are the major mistakes that got us here. There will come a moment when the most urgent threats posed by the credit crisis have eased and t...

Controversial Monetary Policy Commitee member and Dartmouth professor Danny Blanchflower is leaving the Bank of England, according to The Times: Man who wanted early rate cuts David Blanchflower steps down from MPC Professor Blanchflower, who has voted to cut interest rates every month since October...

The Governor addressing the Monetary Policy Committee For the last several years, Tyler has had a touch of the jolly old Big C. Nothing to worry about at all, smiles the consultant. Hardly anything, in fact. Althooooughhh... just to be on the safe side, maybe we should amputate your body. So having ...