Credit Writedowns
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Credit Writedowns
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2017
The limits of monetary policy in today’s fiat currency world
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Understanding what a neutral macro-economic policy looks like
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Some thoughts on full employment and this asset-based economic recovery
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An anecdote on the German housing bubble
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How the Fed handles financial stability is key to avoiding a crisis
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US economic growth still in the 2ish% channel
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Baumol’s cost disease, aging societies and inflation expectations
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The wisdom of crowds and government bond markets
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The oil price cliff dive will end the prospect of double-barrelled tightening
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How monetary policy entrenches secular stagnation
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