Must-Read: Josh Brown: Technology is 20% of the S&P 500…
Must-Read: Josh Brown: “Technology is 20% of the S&P 500…: Technology is 20% of the S&P 500, this chart explains the upward drift in the index’s average multiple over decades […]
Must-Read: Nick Rowe: Adding More Periods to Diamond-Dybvig: Fear of Illiquidity, Not Insolvency
Must-Read: Nick Rowe: Adding More Periods to Diamond-Dybvig: Fear of Illiquidity, Not Insolvency: “We simply add an extra time period…. It’s a friendly amendment… …Agents are ex ante identical. Each […]
Brexit: I Think Paul Krugman Is Confused Here…
Bearing in mind what has happened to me almost every single time since 1997 when I have concluded that Paul Krugman is wrong… The key, I think, is something hidden […]
Must-Read: Paul Krugman: Cheap Money Talks
Must-Read: Paul Krugman: Cheap Money Talks: “Late last year the yield on 10-year U.S. government bonds was around 2.3 percent, already historically low… …on Friday it was just 1.36 percent…. […]
Must-Read: Storify: Paul Krugman Is, I Think, Highly Likely to Be Correct on the Policy Irrelevance of the Risk Premium. The Mystery Is Why the Very Sharp Ken Rogoff Takes a Different View…
Must-Read: Storify: Oh Noes! Paul Krugman Has Caught the Tweetstorm Disease!: “Paul Krugman Is, I Think, Highly Likely to Be Correct on the Policy Irrelevance of the Risk Premium. The […]
Must-Read: Storify: The Puzzling Aversion to Expansionary Fiscal Policy: ‘Low interest rates are not really low’, or something…
Must-Read: Storify: The Puzzling Aversion to Expansionary Fiscal Policy: ‘Low interest rates are not really low’, or something… [View the story “The Puzzling Aversion to Expansionary Fiscal Policy:” on Storify]
Must-Read: Ken Rogoff (2015): Debt Supercycle, Not Secular Stagnation
Must-Read: For a year and a half now I have been trying to understand what this passage means, especially the “in a world where regulation has sharply curtailed access for […]
Must-Read: Larry Summers: A Remarkable Financial Moment
Must-Read: Larry Summers: A Remarkable Financial Moment: “10 and 30 year interest rates today reached all time low levels of 1.32 percent and 2.10 percent… …Record low 10 year interest […]
Must-Read: David Beckworth: 10 Yr @ 1.46%
Must-Read: David Beckworth: 10 Yr @ 1.46%: 10 year yield at 1.46%. 2% seems so quaint now. pic.twitter.com/Q4FixplNFm — David Beckworth (@DavidBeckworth) June 27, 2016
Lack of Demand Creates Lack of Supply; Lack of Proper Knowledge of Past Disasters Creates Present and Future Ones
“We have lost 5 percent of capacity… $800 billion[/year]…. A soft economy casts a substantial shadow forward onto the economy’s future output and potential.” It is now three years later […]
