Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.
- ECB preparing to unleash unconventional monetary policy (Chris Giles, Financial Times) Speaking after the spring meetings of the International Monetary Fund in Washington on Saturday, ECB president Mario Draghi said the strengthening of the euro "requires further monetary stimulus". The Financial Times says that Draghi is trying to talk down the euro.
April 13th, 2014
Special Report from The Conversation
If you’re struggling to understand the deluge of information about the Heartbleed vulnerability, you’re not alone. Some reports tell us to change all our online passwords immediately, others warn us that this could do more harm than good. There is a lot of misinformation out there.
It is essential that you do not panic but nor should you be complacent. We all need a good old fashioned mix of common sense and prudence.
John O'Donnell Chart of the Week
Corporate bond issuance is running an average about $20 billion a week for 2013 and so far in 2014. But the total bond holdings of large banks currently totals about $70 billion (3 1/2 weeks of corporate issuance). It is obvious that banks are not buying corporate bonds; the bonds are being sold to the non-bank investment market. It is an expression of confidence in the future of the economy that corporations are issuing more debt rather than equity for financing.
This chart and others discussed in video after the Read more >> jump.
Australia has started dropping sonobuoys as part of its hunt for the black box beacon in the Indian Ocean.