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The Image Rehabilitation of QE2
When the Federal Reserve decided to buy back $600 billion of Treasury bonds, it was called quantitative easing, or QE2. At the time, it was considered controversial and a last-ditch attempt to get the economy back on track. Now, it might be actually working, suggests Bloomberg News.
What are U.S. companies buying?
We all know that U.S. companies are sitting on piles of cash. They’re even spending some of it. Michael Mandel tells us which companies are the American heroes that are deploying that cash.
Markets
The SEC hasn’t yet decided what to do about sales of shares on private markets. Gather ye Facebook shares while ye may, then.
The Washington Matrix
The budget deficit has to get cut somewhere, right? The Senate suggests that we start with tax breaks to big oil companies.
Recreational Reading
Lady Gaga is debuting her video on Farmville. Choire Sicha is rightly suspicious.
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