asset-based economy – Credit Writedowns

Credit Writedowns

Finance, Economics, and Markets

Are interest rates the most effective economic policy tool?

A brief mental model for thinking about monetary policy and resource misallocation

Monetary offset, fiscal determinism and asset bubbles: a Wynne Godley-style mental model for US economic forecasting (wonkish)

The dangers of a strong dollar and divergent monetary policy

The Fed is already creating the next bubble

On the BIS annual report, monetary policy and the hazards of overindebtedness

Economic and market themes: 2014-06-27 Fed will trigger the next crisis

On how credit excesses will undermine this cyclical upturn

Economic and market themes: 2014-05-09 On Easy Money

On reaching for yield and ECB QE