El-Erian says in hindsight QE2 made no sense, QE3 not likely

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Pimco CEO Mohamed El-Erian says the Fed initiated QE2 without vital information from Congress and the economic argument for a third round of Fed quantitative easing is weak. [...]

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RGE: Great speculations – why China is so bubble-friendly

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“The Chinese system is a game with its own controls that can send shockwaves through global systems as local prices diverge from global asset markets and arbitragers elsewhere narrow the gap. Investors should be careful to distinguish speculative demand from the real thing and avoid feeding into the next big bubble,” said Adam Wolfe of Roubini Global Economics. [...]

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The week ahead

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The video clips in this post provide a handy summary of the reports expected on the economic, financial and corporate front around the globe during the week ahead. [...]

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Laugh out Loud: Budget …

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A picture speaks a thousand words … [...]

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