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Author Archives: Paul R. La Monica
  • Greece: Three years after the bailout

    By Mark Thompson

    It's been three years since Greece was granted 110 billion euros in the first of two bailouts by its EU partners and the International Monetary Fund. Harsh austerity measures have driven the economy into the ground since then. Unemployment has soared. More than 6 in 10 young workers are out of a job.

    But there may be light at the end of the tunnel. After six years of recession, MORE

    May 10, 2013 9:02 AM ET
  • Fed: Let's Twist again like we did last summer?

    The Federal Reserve's next policy meeting is a two-day session concluding on June 20. That's just ten days before the Fed's Operation Twist policy -- swapping short-term bonds for ones with longer duration to help keep 10-year and 30-year bond yields low -- expires. Up until recently, few expected the Fed would seriously consider extending Twist.

    But what a difference a lousy job report makes. Atlanta Fed president Dennis Lockhart, who MORE

    - Jun 6, 2012 10:18 AM ET
  • Who loves us, baby? China still does.

    The United States may be hurtling towards a fiscal cliff at the end of the year. But if the U.S. is Thelma then China is Louise. Despite continued fears about another debt ceiling debacle at the end of this year, China is buying U.S. Treasury debt like it's going out of style ... or like it's Facebook stock.

    The Treasury Department released its latest figures on foreign holdings of U.S. debt MORE

    - May 15, 2012 2:57 PM ET
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  • Battle of the beards: Bernanke vs. Krugman

    By now, you have probably heard of the "feud" taking place between Federal Reserve chairman Ben Bernanke and Nobel-prize winning New York Times economic columnist Paul Krugman. And if you haven't, what the heck are you doing reading this blog?

    Anyway, here's the lowdown in case you aren't up to speed. Krugman took Bernanke to task in a Sunday NYT magazine piece, criticizing Bernanke for not doing enough to tackle the MORE

    - Apr 26, 2012 3:27 PM ET
  • Forget jobs. Show me the money!

    Beyond Big Miss: Wkly earnings down, aggregate payrolls up, PT for econ. reasons WAY down.Returnees working cheap = wage/price disinflation

    — Dan Alpert (@DanielAlpert) April 06, 2012

    Dan Alpert, a managing partner at Westwood Capital in New York, is one of my favorite sources. He was a life saver on that fateful Sunday night in September 2008 when it seemed the world was ending. He was in the CNN studios doing TV MORE

    - Apr 6, 2012 3:07 PM ET
  • How to avoid the looming budget train wreck

    Republicans desperately do not want to raise taxes on the über-rich. And Democrats certainly don't want to gut entitlement spending for the nation's most needy. But with the Bush tax cuts and Obama payroll tax cut set to expire at the end of the year, and automatic budget cuts tied to sequestration set to kick in at the beginning of next year, it's clear that Congress has to do something MORE

    - Mar 22, 2012 9:17 AM ET
  • Revenge of the bond vigilantes?

    The above chart may be setting of some alarm bells at the Federal Reserve.

    The Fed doesn't want to raise short-term rates for another two years. But it has also tried to downplay hopes that it will step in and buy more bonds to keep longer-term rates low. QE3? Operation Twist 2? Sterilized bond purchases? Call it whatever you want. It's still stimulus. And while the Fed would probably prefer to MORE

    - Mar 14, 2012 3:52 PM ET
  • It's hard being a lonely Fed hawk

    The Fed didn't surprise anybody Tuesday. Sure, some will note that it's sounding a little more alarmed about inflation. The central bank noted in its statement that "the recent increase in oil and gasoline prices will push up inflation temporarily."

    But before you can say "rate hike," the Fed went back to its usual script and said that it "anticipates that subsequently inflation will run at or below the rate that MORE

    - Mar 13, 2012 2:47 PM ET
  • One bourbon, two bourbon. Red bourbon, blue bourbon.

    I got an e-mail from one of my local liquor stores (is it a problem if I am on the list for more than one wine shop in my neighborhood?) alerting me to the fact that one of my favorite makers of brown liquor, Heaven Hill Distilleries, is now selling election-themed straight bourbon whiskey. (Yes, with an E. This is America! Although they make Whiskey in Ireland too. But I MORE

    - Mar 9, 2012 4:13 PM ET
  • ADP: The NIT of jobs numbers. That's not a compliment.

    The markets are in a more chipper mood Wednesday following the worst drop of the year for stocks a day earlier.

    One reason for the enthusiasm? Looks like the private sector hired 216,000 people in February, according to the latest monthly report from payroll processor ADP. That was roughly in line with forecasts.

    But investors shouldn't get too excited. The big jobs number from the government comes out on Friday. And the MORE

    - Mar 7, 2012 3:45 PM ET
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  • Politicians can't lower gas prices. But neither can oil companies.

    Americans are rightfully annoyed about rising gas prices. But politicians are making matters worse. They are fueling (pun intended) the anger by constantly talking about how they will lower gas prices.

    Newt Gingrich is the latest, with his promise for $2.50 a gallon gas. President Obama bemoaned the spike in gas prices in a speech Tuesday as well.

    I wish whomever is occupying the White House next January good luck in lowering MORE

    - Mar 6, 2012 2:23 PM ET
  • Richard Fisher: QE3 would be like 'medical malpractice'

    Most Federal Reserve speeches are a chore to make it through. And then there's Dallas Federal Reserve president Richard Fisher. I've had a man crush on Fisher for a while because his remarks are often peppered with a refreshing dose of non-wonky references to things like tequila, Washington Irving and Bob Dylan.

    I also appreciate the fact that Fisher is a bit of a contrarian. He is an unabashed inflation hawk MORE

    - Mar 5, 2012 2:21 PM ET
  • When in Boston, order the frozen lasagna

    If you've ever been out at a restaurant and have been surprised to see an additional meals tax tacked on to the bill, you are not alone. The Tax Foundation, a nonpartisan research group, just put out a report about the absurdity and complexity (two words never associated with taxes, right?) of some of these local levies.

    Among the key findings: Chicago, Jacksonville, Indianapolis, Seattle, Denver and Washington D.C. are among MORE

    - Mar 2, 2012 10:57 AM ET
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About This Author
Paul Lamonica
Paul R. La Monica
Assistant Managing Editor, CNNMoney

Paul R. La Monica is an assistant managing editor at CNNMoney. He is the author of the site's daily column, The Buzz, and also tweets throughout the day about the markets and economy @LaMonicaBuzz. La Monica also oversees the site's economic, markets and technology coverage.

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