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Credit Crisis

 

Credit Crisis

Fed’s Stein: Financial Stability Fits Within Central Bank’s Dual Mandate

The Federal Reserve doesn’t need to expand its focus from its dual mandate to take financial-stability concerns into account, Fed governor Jeremy Stein said Sunday.
Mr. Stein, who has expressed worries that the Fed’s easy-money policies could spark instability across the financial system, said his “first instinct” would be not to add financial stability as some sort of separate task for the central bank to carry out.


Source: http://blogs.wsj.com/economics/2014/04/13/feds-stein-financial-stability-fits-within-central-banks-dual-mandate/?mod=blogmod

IMF: Ballooning Corporate Debt Risks Damage to Emerging Economies

Risky corporate debt in emerging economies has surpassed levels seen before the 2008 financial crisis, threatening to further jeopardize growth prospects in those countries, International Monetary Fund said Wednesday.


Source: http://blogs.wsj.com/economics/2014/04/09/imf-ballooning-corporate-debt-risks-damage-to-emerging-economies/?mod=WSJBlog

IMF Urges China To Rein In Credit, Even If Growth Slows

Look out for a downgrade in China’s growth outlook if Beijing follows the International Monetary Fund‘s advice.


Source: http://blogs.wsj.com/economics/2014/04/09/imf-urges-china-to-rein-in-credit-even-if-growth-slows/?mod=WSJBlog

Some Americans Paid Off Credit Cards While Waiting for Foreclosure

The sheer number of foreclosures during the recession may have helped some Americans pay off other debts, such as credit-card bills.


Source: http://blogs.wsj.com/economics/2014/04/02/some-americans-paid-off-credit-cards-while-waiting-for-foreclosure/?mod=WSJBlog

Workers Made Out Better Than Companies in U.K., the Opposite of U.S.

One of the assumptions about the financial crisis and its aftermath has been that labor lost out to capital right across the developed world. But that assumption doesn't fit with the data -- at least not in the U.K.


Source: http://blogs.wsj.com/economics/2014/03/21/workers-made-out-better-than-companies-in-u-k-the-opposite-of-u-s/?mod=marketbeat

Stimulus in 2009 Not Politically-Driven – or Particularly Efficient

The spending of nearly $800 billion in funds as part of President Obama’s 2009 fiscal stimulus plan was not especially well-targeted, but not for political reasons that favored the ruling party over its opponents.


Source: http://blogs.wsj.com/economics/2014/03/20/stimulus-in-2009-not-politically-driven-or-particularly-efficient/?mod=WSJBlog
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