1 Big Thing: macro policy is getting it all wrong
Today's lead topic is pulling from multiple threads from the last twenty-four hours. And the gist of those threads is that policy makers have got it all wrong when it comes to macro. Yesterday, in the daily I touched on this theme with the economists' prediction that Fed policy would be the genesis of the next downturn. But here are a few more threads, both forward and backward-looking.
The first one is on the last recession. And here's the part...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.