Making Sen$e

  • November 19, 2010   BY Paul Solman  

    “The Fed chairman’s message, though scholarly in tone, was unusually blunt,” wrote the Wall Street Journal, “laying blame for inflationary pressures in emerging markets and for tensions over currencies on countries like China.” The Financial Times underscored another theme: “Mr. … Continue reading

  • November 19, 2010   BY Paul Solman  

    For a speech by a Federal Reserve Chairman, Ben Bernanke’s remarks on “global rebalancing” certainly weren’t designed to fly under the radar. “The Fed chairman’s message, though scholarly in tone, was unusually blunt,” wrote the Wall Street Journal, “laying blame … Continue reading

  • November 19, 2010   BY Paul Solman  

    “We titled the book ‘All the Devils are Here’,” said Joe Nocera’s co-author, Bethany McLean, “because in the wake of the crisis there has been this search for a simplistic answer. Ah! Fannie and Freddie, they must be the villains! … Continue reading

  • November 18, 2010   BY Paul Solman  

    “We titled the book ‘All the Devils are Here’,” said Joe Nocera’s co-author, Bethany McLean, “because in the wake of the crisis there has been this search for a simplistic answer. Ah! Fannie and Freddie, they must be the villains! … Continue reading

  • November 18, 2010  

    Paul Solman speaks with Bethany McLean and Joe Nocera, authors of “All the Devils Are Here: The Hidden History of the Financial Crisis” about the villains of the financial crisis. It’s part of his ongoing series, Making Sen$e of Financial News. Continue reading

  • November 18, 2010   BY Elizabeth Shell  

    Over a year ago, General Motors told investors its stock was worthless and to stop trading it. To say the company has experienced a turnaround is a bit of an understatement. After a month of speculation and a last-minute bump … Continue reading

  • November 17, 2010   BY Paul Solman  

    The [Fed's announcement](http://www.pbs.org/newshour/rundown/2010/11/fed-slow-growth-disappointing-will-engage-in-second-round-of-quantitiative-easing.html) of another round of so-called “quantitative easing” (QE2) is much in the news. Basically, it’s an announced commitment to create $600 billion dollars or more of new “Federal reserves” – i.e., U.S. dollars – and [pump them … Continue reading

  • November 16, 2010   BY News Desk  

    He told you so. Ken Rogoff is one of this page’s favorite economists. Long known for being ahead of the curve, Rogoff was a National Master of chess at age 14 and dropped out of high school to play in … Continue reading

  • November 15, 2010   BY Paul Solman  

    The Sunday Times recently featured an exercise that it might make sense for all Americans to try, and certainly members of Congress pressing to balance the budget- Budget Puzzle: You Fix the Budget. And, if you prefer to get out … Continue reading

  • November 12, 2010   BY Elizabeth Shell  

    A bit more about the interplay between China’s holding of currency and U.S. debt. First, a simple graphical explainer as to how the Chinese government gets so many dollars in the first place, using Ford Motor Company and China Steel … Continue reading