China is to blame for the currency tensions as the cheap yuan is contributing to global trade imbalances, says Nobel prize-winning economist Paul Krugman.
In a Washington Post op-ed piece this week, Timothy Geithner makes the case that the Troubled Asset Relief Program was much more successful than most would believe. He outlines five myths about TARP and why the general disdain towards this program is without merit. The piece deals mostly with the prudence of TARP as a financial rescue program. Maybe; debate will rage on I’m quite sure as to its effectiveness.
US Treasury Secretary Timothy Geithner will call on emerging nations to show more flexibility on currencies in exchange for a greater say in international financial institutions, a Treasury official told CNBC Wednesday.
David Einhorn of Greenlight Capital upped his stake in this stock.
Inflation-protected securities are performing well, but what does it tell us?
In a scathing criticism of the Obama administration, Home Depot co-founder Bernie Marcus told CNBC Friday that Treasury Secretary Geithner should have a reality-TV show about small business, because it would illustrate how out of touch the Obama administration is with the private sector.
The "Fast Money" traders don't think the Bank of Japan's intervention will be long-lasting, but they do have ideas on how to play it.
Money is flowing faster into bonds at this stage than did with the dotcom bubble of the late 1990s. But that might not be bad for Treasury investors.