Summers Out, Yellen In? - Tim Duy's Fed Watch
"if you are looking for a candidate of change, Yellen isn't that candidate. Remember that Yellen was part of the team that cemented the Fed's inflation target in place at 2%. She has a long history of supporting inflation targets. To truly enact a regime change at the Fed, you need to find a Chair that will challenge that target and rewrite the rules. I am not sure Yellen is that person."
BIS veteran says global credit excess worse than pre-Lehman - Telegraph
"“This looks like to me like 2007 all over again, but even worse,” said William White, the BIS’s former chief economist, famous for flagging the wild behaviour in the debt markets before the global storm hit in 2008. "
Tapering threatens a stormy outlook for America - FT.com
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.