Greg Ip

Articles by The Economist’s U.S. Economics Editor

Archive for August 2010

Bernanke’s speech: Clearing the air

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Aug 27th 2010, 16:08 by G.I. | WASHINGTON

[Greg Ip] A LITTLE while ago Ben Bernanke, the Federal Reserve chairman, called the economic outlook “unusually uncertain”. The Fed has lately been a source of a lot of that uncertainty. Its officials maintained an upbeat outlook for the economy as the news in recent months went from bad to worse, then on August 10 they seemed to abruptly embrace the opposite view by announcing new steps to stimulate the economy. Matters have not been helped by the public airing of divergent views from officials.

Mr Bernanke cleared up a lot of the confusion with a long speechto the Kansas City Fed’s annual symposium in Jackson Hole, Wyoming today. Read the rest of this entry »

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August 27, 2010 at 11:30 am

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Government bonds: A bull market in pessimism

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[Greg Ip] WHEN Japan slid into deflation in the mid-1990s bond investors were caught unawares. As late as 1995 yields on government bonds, a haven in times of deflation, were still approaching 5%. Investors today are not about to repeat that mistake. Inflation may be positive in America, Britain and Germany, but in all three countries government-bond yields have plunged to lows exceeded in recent times only by levels during the 2008 panic. Read the rest of this entry »

Written by gregip

August 20, 2010 at 4:00 pm

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