Tuesday, April 2, 2013
Just a Thought
When guys like Krugman are skeptical of QE, it is often couched as monetary policy is not enough on its own to bring recovery without a complementary fiscal component as well. But, if you think about it, the announced size of QE is roughly commensurate to the size of the budget deficit in a given year. Thus, in a certain respect, the bond-buying program of the Fed operates to subsidize the rest of the government. So, at what point do we stop acting like monetary policy isn't itself just fiscal policy by another name?
Broken Money
The subtitle is Why Our Financial System is Failing Us and How We Can Make it Better , and the author is Lyn Alden (2023). I feel like I hav...
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In his most recent post , Michael Pettis explains the problem of investment misallocations and too much debt, simply yet brilliantly (his po...
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I am reading another book right now by economist Richard Koo, innovator of the balance sheet recession concept. If you remember what his id...
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Are when the contrarian should think about buying. And so I tried. Some AUY LEAPS (filled) and a small mining services company that I like...