- Soybeans, copper, you name it. If it’s an interchangeable article of commerce, it’s price has been rocketing higher lately, partly thanks to demand in China and emerging economies and partly because the Federal Reserve is printing money like it was going out of style. [WSJ]
- In addition to an unemployment rate that remains stagnant, uncertainty over whether monetary intervention will help the U.S. economy return to growth and a foreclosure crisis that threatens to hamper the financial system, an overlooked threat to commerce looms: America’s stores are shrinking before our very eyes! [NYT]
- Representatives from the G20 group of the world’s economic powers — which still includes, believe it or not, the United States — are meeting in Seoul to try to patch up any hard feelings generated by what some see as America’s flagrant debasing of its own currency. [AP]
- Foreign countries aren’t the only ones crying about quantitative easing. [FT]
- Wall Street has blown up governments and nonprofit organizations to the tune of $4 billion over the past decade by selling credit derivatives called “interest rate swaps.” [Bloomberg]
mtaylor [at] observer.com | @mbrookstaylor
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