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Credit Crisis


Credit Crisis

What Falling U.K. Jobless Figures Mask

The U.K. is enjoying a more buoyant labor market, but a key factor behind that appears to be due to an increase in people who have stopped working—or rather, stopped looking for work.

Source: http://blogs.wsj.com/economics/2014/10/16/what-falling-u-k-jobless-figures-mask/?mod=WSJBlog

Fed’s Lacker: Living Wills Will Reduce Risk of Failing Financial Firms

Federal Reserve Bank of Richmond President Jeffrey Lacker said Friday financial firms’ so-called “living wills” should do a lot to strengthen the financial system, if banks and regulators respect these plans.
The living wills in question are plans by financial companies detailing how they expect to be wound down in the event of running into trouble. Mr. Lacker, speaking in Chicago, said these plans are vital to ending the perception that many firms are considered to be too-big-to-fail and will be bailed out by the government in the event of trouble.

Source: http://blogs.wsj.com/economics/2014/10/10/feds-lacker-living-wills-will-reduce-risk-of-failing-financial-firms/?mod=WSJ_EC_RT_Blog

NY Fed: Big Banks Saw Fed as Likely Raising Rates Between 2Q/3Q 2015

Wall Street’s biggest banks told the Federal Reserve ahead of its monetary policy meeting last month they expected it to first raise rates off of what are currently near-zero levels sometime between the second and third quarters of 2015.

Source: http://blogs.wsj.com/economics/2014/10/09/ny-fed-big-banks-saw-fed-as-likely-raising-rates-between-2q3q-2015/?mod=WSJBlog

ECB Faces Inflation Expectations Test

The European Central Bank has suffered an early setback in its battle to persuade households and businesses that inflation will pick up over coming months and years.

Source: http://blogs.wsj.com/economics/2014/09/29/ecb-faces-inflation-expectations-test/?mod=blogmod
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