El-Erian: 5 Things to Look for in Yellen Testimony
Mohamed El-Erian predicted few fireworks ahead of Janet Yellen’s confirmation hearing on Thursday.
Europe’s Storm, and Ours
Contrary to the widespread view that the European debt crisis is acting as a drag on the U.S. economic recovery, it actually has been beneficial for the United States. The euro-zone debt crisis has given Washington a respite by boosting the safe-haven premium of Treasury bonds and reducing the debt-service...