Wednesday, October 1, 2014
  1. The Fed Trap

    Stephen S. Roach

    The Fed Trap


     cautions that the Fed's market fixation is leading it to exit from quantitative easing too slowly.

    Janet Yellen IMF/Flickr

    The US Federal Reserve is grappling with the disparity between its unconventional policy's success in preventing economic disaster and its failure to foster a robust recovery. Given that this disconnect has fueled financial-market excesses, the exit will be all the more problematic – especially for the market-fixated Fed. READ MORE

  2. Two Views of Finance

    Simon Johnson

    Two Views of Finance


     previews the battle likely to play out at the IMF's annual meeting in October.

    International Finance Center kapester/Flickr

    The International Monetary Fund’s annual meetings will be held on October 11-12 in Washington DC, and the world’s financial sector is a central item on the agenda. That will make for an interesting meeting, because two diametrically opposed views of the global financial system will face off against each other. READ MORE

  3. In Praise of China’s New Normal

    Yao Yang

    In Praise of China’s New Normal


     points out that lower economic growth rates will remain the envy of the world.

    Skyscrappers in Shanghai Shanghai/Bowen Chin

    China’s economy is, at long last, undergoing a rebalancing, with growth rates having declined from more than 10% before 2008 to roughly 7.5% today. If this is China’s "new normal," it would still be the envy of the rest of the world. READ MORE

  4. Remaking the Money Market

    Mark Roe

    Remaking the Money Market


     proposes steps to minimize the threat of another crisis.

    Janet Yellen Federal Reserve/Flickr

    Last month, at a US Federal Reserve Bank conference on the money market, officials lamented the market's enduring fragility. Six years after a run on the money market nearly brought the US – indeed, global – financial system to its knees, why has it still not been brought under control? READ MORE

  5. The People’s Corporations

    Lucy P. Marcus

    The People’s Corporations


     says that companies have more power than ever before, but so do people.

    BP CEO Tony Hayward BP CEO Tony Hayward/Flickr

    Private companies wield more power than ever before; people who have not been popularly elected control more and more of our daily lives, from entertainment and energy supplies to schools and postal services. But people have grown more powerful, too, and now have the means to ensure that companies’ behavior does not go unchecked. READ MORE

Focal Point

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