FURTHER FURTHER READING
- Why the housing bubble tanked the economy and the tech bubble didn't.
- A response to Sufi and Mian from David Beckworth.
- Cleveland Fed on low inflation...
- ... and San Fran Fed on inflation expectations.
- Mervyn King on Picketty.
- Fermat's last theorem in pop culture.
- The Economist's special report on shadow banking.
- Understanding the battle over net neutrality.
FT AFTERNOON ROUND-UP
West looks to broaden sanctions on Russia: "The US and its leading European allies are preparing wider sanctions on Russia's economy and are discussing a ban on the export of high-tech energy equipment, if Moscow is seen to disrupt Ukraine's presidential elections on May 25. The west is still backing the presidential poll to re-legitimise Kiev's leadership, even as separatist leaders in Donetsk, eastern Ukraine, asked Russia to annex it, following what they claimed was a resounding victory in a self-rule referendum on Sunday." (Financial Times)
Geithner reveals divisions over Lehman: "Timothy Geithner says he would have supported a US Federal Reserve loan to help Barclays buy Lehman Brothers on the weekend in September 2008 that ended with the largest bankruptcy in US history. In his memoir of the financial crisis, Stress Test , to be published on Monday, Mr Geithner – the former New York Fed president and Treasury secretary – reveals divisions among the officials trying to save Lehman." (Financial Times)
Investors bet on BoE acting to ease property market and raise rates: "Investors are betting the Bank of England will confirm on Wednesday that it will act to take some heat out of the housing market and raise interest rates within a year. The new indications about monetary policy will come in the bank's quarterly inflation report. The report is also expected to explain for the first time what changes to its "forward guidance" on interest rates will mean in practice for millions of savers and borrowers." (Financial Times)
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