Fed's presence is distorting markets, squelching volatility, supporting stock price growth, and curbing Treasury yields at levels that do not reflect market sentiment.
Whether or not they've taken drastic steps such as restructuring, U.S. businesses are facing a changing environment that requires them to revisit transfer pricing policies.
The delay in LIBOR retirement just puts off the inevitable; lawmakers need to clarify what benchmarks will replace LIBOR in financial contracts whenever it finally ceases to be used.
