M3, Credit, Inflation
Out of control: credit
By: Casper de Vries, Erasmus University Rotterdam
The Fed deliberately ignored traditional indicators that provided early warning about the credit crisis to come.
Is US inflation at 8%?
By: Wolfgang Münchau
Some estimates suggest that we are consistently underestimating the rate of US inflation. While I am largely agnostic on this particular issue, I strongly believe that we need a debate about how we measure prices. (Note to readers: The guestbook entries are working again.)
Central bankers cannot stop this contagion
By: Wolfgang Münchau
Cutting interest rates gives the worst of all worlds: no economic relief, plus a rise in inflationary expectations.
Forget about Q2
By: Eurointelligence ECB Watch
Forecasters are underestimating the rising importance of monetary analysis in the ECB's decision making framework. A rate cut is not very likely.









