BERNANKE’S LITTLE PROBLEM (FORBES - July 2006)
At first glance the 2001–03 plunge in U.S. interest rates seemed to have delivered the goods: Growth in output and employment slowly accelerated, and inflation stayed within the Federal Reserve’s comfort zone, under 2%.
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INFLATION NATION (The Wall Street Journal - May 24, 2006)
On Sunday, voters in Montenegro turned out in record numbers and gave a collective "thumbs down" to their republic's loose union with Serbia. Although the final curtain has not yet been drawn on this Balkan drama, when it is, what remains of the former Yugoslavia will disappear, and, after 88 years, Montenegro will once again be independent.
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REGIME CHANGE (FORBES - JUNE 2006)
In the months before the meetings of the International Monetary Fund and World Bank in April, the IMF
appeared to be in its twilight. Since the Turkish lira collapsed in 2000, there has been a dearth of financial crises (for the IMF to “manage”) and of countries to shower with cheap loans.
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