Morning Roundup: QE and the Republican Fuss

  • A bunch of Republicans — economists, politicians, even political strategists! — are getting kind of sketched out about Ben Bernanke’s plan to create $600 billion out of thin air, and so they are writing an open letter about it. [WSJ]
  • While Republicans get all fussy about dollar debasement, the bond derivatives market is showing heightened inflation expectations among investors. This is exactly the reaction Bernanke had been hoping for. [Bloomberg]
  • Hedge funds and other big-time investors are now putting their money in a classic American moneymaking scheme: lawsuits. [NYT]
  • Irish comedians are cracking jokes about their country’s horrendous financial situation. [AP]
  • America’s budget deficit could eventually create an enormous crisis in the bond market, according to Alan Greenspan, the father of the most recent crisis in the bond market. [Reuters]

mtaylor [at] observer.com | @mbrookstaylor

Morning Roundup: QE and the Republican Fuss