There is general agreement among the G20 countries on the basic need for economic policies to boost global demand, foster stronger job growth, and raise the prospects for sustainable, stable growth of the world economy. Unfortunately, the G20 countries have failed to agree on the policy changes required to achieve these objectives. Prospects for a [...]

By Karl Smith I have been meaning to do a post on the huge surge in money the Fed has printed and its implications for the future. Jim Hamilton has a nice wonky discussion of it, though I am a bit confused by his point about no safe interest bearing overnight loans. This is a [...]

SINGAPORE: Singapore has raised its inflation forecast for this year to 3%-4%, up from a previous estimate of 2%-3%. The Monetary Authority of Singapore (MAS) said the higher forecast is because of factors such as the surge in COE premiums. However, the MAS forecast for core inflation, which excludes the cost of accommodation and private [...]

IMF says embattled Kabul Bank should be taken over The International Monetary Fund has recommended that Afghanistans largest bank, Kabul Bank, be placed in receivership and sold off. The IMF hopes this move will stabilize the countrys corrupt financial system. The BBCs Quentin Sommerville has more from Kabul. The main branch of the Kabul Bank, [...]