Economics,Politics
Groupthink in Davos: The Financial Crisis Is Over
25.01.2013 12:20
Bussinessweek: The hive mind of Davos has concluded that the financial crisis is done, finished. The new worry: a bubble in the credit markets.
There is no official declaration, or even a formal survey. But the chatter at the World Economic Forum in Davos, Switzerland, is about the end of the...
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Withdrawn: $114 Billion From Big U.S. Banks
25.01.2013 12:18
Businessweek: More than $114 billion exited the biggest U.S. banks this month, and nobody’s quite sure why.
The Federal Reserve releases data on the assets and liabilities of commercial banks every Friday. The most current figures, covering the first full week of 2013, show the...
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ECB Says Banks to Make 137 Billion-Euro Loan Repayment Next Week
25.01.2013 12:17
Bloomberg: The European Central Bank said 278 banks will hand back 137.2 billion euros ($184.4 billion) of its three-year loans next week at the first opportunity for early repayment.
That compares with the median forecast of 84 billion euros in a Bloomberg News survey of economists....
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Fed Pushes Into ‘Uncharted Territory’ With Record Assets
25.01.2013 12:15
Bloomberg: Federal Reserve Chairman Ben S. Bernanke’s unprecedented bond buying pushed the Fed’s balance sheet to a record $3 trillion as he shows no sign of softening his effort to bring down 7.8 percent unemployment.
The Fed is purchasing $85 billion of securities every month, using the...
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Dimon Praises Policy as Weber Opposes ‘Short-Term Fixes’
25.01.2013 08:06
Bloomberg: JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon said extraordinary measures by central banks kept the financial crisis from worsening and urged governments to devise policies for growth.
“Most important now is good sustainable growth to make the central bank...
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Nakao Defends Policy Weakening Yen as Trade Tensions Mount
25.01.2013 08:05
Bloomberg: Japan’s top currency official pushed back against international criticism of the nation’s monetary policy, saying that the central bank isn’t engaged in a competitive devaluation of the yen.
Bank of Japan (8301) actions are “aimed at ending persistent deflation, so criticism...
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Weber in Davos Joins Dimon to Spotlight Easy Money Danger
25.01.2013 07:57
Bloomberg: The central bankers who saved the world economy are now being told they risk hurting it.
Even as the International Monetary Fund cuts its global growth outlook, a flood of stimulus is running into criticism at the World Economic Forum’s annual meeting in Davos. Among...
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Weber in Davos Joins Dimon to Spotlight Easy Money Danger
24.01.2013 14:10
Bloomberg: The central bankers who saved the world economy are now being told they risk hurting it.
Even as the International Monetary Fund cuts its global growth outlook, a flood of stimulus is running into criticism at the World Economic Forum’s annual meeting in Davos. Among the concerns:...
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Davos No-Shows Pandit to Schmidt Aren’t Among Attendees
24.01.2013 14:08
Bloomberg: If the attendees at the World Economic Forum in Davos, Switzerland, this week are the story of people who lead in politics and business or aspire to, the names of those not making the trip tell a different tale.
No-shows include Google Inc. (GOOG) Chairman Eric...
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'The Danger Is that Europe Will Fail'
24.01.2013 14:04
DerSpiegel: Read the full text of British Prime Minister David Cameron's Wednesday speech on his country's plan to hold a referendum on the future of its membership in the European Union.
Editor's note: This version of the speech given by David Cameron at Bloomberg's London...
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