Agnes T. Crane
Agnes T. Crane is a Reuters Breakingviews columnist, based in New York, where she covers capital markets and Latin America. She joined from Dow Jones Newswires, where she was an award-winning journalist who led a team of reporters covering the credit crisis. Before that she worked at Market News International in New York and as a freelancer contributing to The Deal, Advertising Age and other publications during her four year stint in Mexico. Agnes holds a BA from Temple University in Philadelphia where she studied History. Follow Agnes on Twitter @agnestcrane
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In theory, inflation should have picked up when central banks cranked up the printing presses. Instead, it’s slowing down. In the U.S., it’s nearly 1 percentage point below target. Policymakers now have to start worrying about their worst enemy – deflation.
JPMorgan chairman and CEO Jamie Dimon spent months focused on preserving a title when he should have been totally dedicated to running the largest U.S. bank. The episode perfectly illustrates the common sense behind separating the chairman and CEO roles.
President Dilma Rousseff uses the oil giant for many nationalistic purposes, though strengthening domestic capital markets isn’t apparently one. Issuing a slice of this week’s $11 bln bond offering in reais, though costly, would at least have been a better sort of meddling.
- Rating cut says more about S&P than Warren Buffett
- U.S. housing is both cheap and out of reach
- Fannie's $59 bln payment is terrible good news
- Freddie Mac's $72 bln bailout could look worth it
- BofA's MBIA settlement more than pays for itself
- Deals and buybacks portend cheerier Buffett powwow
- U.S. debt bosses don't need no stinkin' Libor