Germany’s Hidden Risk

The Bundesbank has quietly lent half a trillion euros to the European Central Bank. Could that determine the fate of the euro? Involuntary lending is what happens when your teenager figures out how to charge stuff to your credit card. The kid promises to pay for the purchases but never gets around to it, so [...]

Written on December 26, 2011 | Posted in News

China Forgets Inflation and Goes for Growth

In a signal to Chinese banks to start lending, the central bank cuts reserve requirements, freeing up $55 billion China has just pulled off one big U-turn. After months of battling inflation, the government in Beijing has decided its new priority is faltering economic growth. The central bank announced on Nov. 30 it would cut reserve [...]

Written on December 14, 2011 | Posted in News