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Barclays warns of a financial storm as Federal Reserve's credibility crumbles (Daily Telegraph)
US central bank accused of unleashing an inflation shock that will rock financial markets, reports Ambrose Evans-Pritchard. Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall "below zero".
Read more...The Bubble (Washington Post)
Washington Post staff writers Alec Klein and Zach Goldfarb were online Monday, June 16 at 12:30 p.m. ET with guest John Taylor, Stanford economics professor, to discuss their three-part narrative series about the U.S. housing bust.
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