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Credit Crisis

BOE’s Haldane to Boldly Go Where No Central Banker Has Gone Before

Bank of England Chief Economist Andrew Haldane dreams of sitting in a Star Trek-style chair, staring at a bank of electronic screens.
But he isn’t imagining exploring strange new worlds or seeking new life and new civilizations. This captain wants to warp through the alien galaxy that is the global economy. And he’s looking for trouble.

Source: http://blogs.wsj.com/economics/2014/10/29/boes-haldane-to-boldly-go-where-no-central-banker-has-gone-before/?mod=marketbeat

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
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