Wednesday, September 26, 2012

The Swiss Central Bank Is Running the Printing Presses & Having Some Very Peculiar Effects On Eurozone Bond Markets

Switzerland's effort to stop its currency strengthening has led its central bank to buy eurozone bonds equivalent to half the total deficit in the region's "safer" countries. James Mackintosh, the FT's investment editor, reported on September 25 2012 that central banks are driving bond yields. (4m 33sec)

Toward a World Yuan?

September 24 2012 The FT reports "As China continues to internationalize its currency, a small but growing number of multinationals are now using renminbi in cross-border trade." Denise Law of FT China Confidential reports: (4m 13sec)

Thursday, September 13, 2012

did Doubke-Entry Accounting create the Abstraction that ids Capitalism

A Foundation of Capitalism Jane Gleeson-White wrote a new book on double-entry accounting. In this interview with the Economist she tells about how double-entry accounting originated in the Italian Renaissance, helped father Capitalism, and was the fruit of the synergies of the scientific and cultural developments of the time.

IMF Chief: World Economy in a 'Dangerous' Phase

WSJ Global Economics Editor David Wessel dissects the sentiment of the world's central bankers following last week's economic meeting in Jackson Hole, Wyoming. Their feelings are not optimistic. Photo: Brendan Smialowski/Getty Images

Wednesday, September 12, 2012

U.K. Advertises for New Bank of England Governor

For the first time, the U.K. Treasury is placing an ad to find a new governor for the Bank of England. As bank expands its role, the job could prove hard to fill. Dow Jone's Paul Hannon reports on the hunt for a super human.

Glencore Raises Offer for Xstrata

(9/10/2012) Geoffrey Rogow and Dana Cimilluca discuss Glencore's last-ditch effort to save its merger with Xstrata, and Steven Russolillo looks at the markets' reaction to the August unemployment figures.