S&P Agrees with Moody’s that Dodd Financial Reform Bill Threatens Big Bank Ratings - Standards & Poor’s today joined Moody’s in suggesting the Dodd financial reform bill could result in the downgrading of big banks benefiting from government support, notably Bank of America (BAC), Citigroup (C),Morgan Stanley (MS) and Goldman Sachs (GS). – Research Recap
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Dodd Financial Bill – next stop in govenrment takeover of the economy? – Will Walmart Pay for the Next Bailout? – By GREGORY ZERZAN – The Dodd bill would regulate and tax plenty of non-banks. – … The bill that passed the House proposed to create a systemic risk regulator with the power to look into any company in America to determine if it poses a "threat" to the economy … – Wall Street Journal
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Yellen sees tame inflation, years of high unemployment – By Carla Mozee – … said Tuesday she doesn’t foresee an "outbreak" of inflation as a result of government efforts to stimulate the economy and that unemployment is likely to remain "painfully" high in coming years. Yellen also told reporters she’s in the process of supplying the White House with information as it considers her possible nomination to take the position of vice chairman of the Federal Reserve’s board of governors. … – MarketWatch
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Evans Sees Accommodative Fed Stance Lasting at Least 6 Months – Federal Reserve Bank of Chicago President Charles Evans said the U.S. central bank is likely to maintain an “accommodative” interest-rate stance for at least six months to support the momentum of economic growth. – Bloomberg BusinessWeek
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big article well written – It’s China’s World. We’re Just Living in It. – By Rana Foroohar and Melinda Liu – The middle kingdom is rewriting the rules on trade, technology, currency, climate—you name it. – NEWSWEEK