Like diamonds, bond purchases are forever..
Today’s QE relies on pushing down borrowing costs. It is “creditism”. That is a very blunt tool in a deleveraging bust when nobody wants to borrow. via Like diamonds, bond […]
A world of cheap money: Six years of low interest rates in search of some growth | The Economist
And not only are government-bond yields low: given the high debt-to-GDP ratios of many nations, they aren’t even all that safe. In the joke of Jim Grant, who writes a […]
Like diamonds, bond purchases are forever..
Today’s QE relies on pushing down borrowing costs. It is “creditism”. That is a very blunt tool in a deleveraging bust when nobody wants to borrow. via Like diamonds, bond […]
Antonio Fatas and Ilian Mihov on the Global Economy: Gross Mistake
it is not correct to argue that every time we see debt increasing it means that someone is living beyond his or her means. The reason is that we need […]
Helicopter Money, The Logical Conclusion Of Demand Management?
“If central banks bring interest rates down to almost zero and nothing happens then it is not an ordinary world.” Richard Koo from Nomura via Helicopter Money, The Logical Conclusion […]
Liberal Versus Conservative: A Tale Of Two Economies – Seeking Alpha
Now, we think that this perfectly describes what has happened to the US economy post 2008. There was a whopping $9 trillion hit from falling house prices to household balance […]
Liberal versus conservative: a tale of two economies
The main differences..
Kicking the tyres of fiscal stimulus
Did it work?
Getting the Labor-Capital Balance Right
One of our better articles..
You don’t need to be a lefty to support Krugman
Not everybody gets this when it comes from us, so here is Samual Brittan, the Financial Times most prominent commentator…