Economics – Page 41 – Credit Writedowns

Credit Writedowns

Finance, Economics, and Markets

I am now moving from multi-year recovery to a double dip baseline

All bubbles are equal, but some bubbles are more equal than others

Fed to keep “exceptionally low levels of the federal funds rate for an extended period.”

Russia, sovereign debt defaults, and fiat currency

Time to Cut Taxes?

The new Japan, domestic consumption, and the neo-liberal thought machine

Japan does not demonstrate the failure of stimulus

Japan: stimulus without reform leads to a policy cul de sac

The choice is between increasing or decreasing aggregate demand

Hayek: “I am not only against inflation but I am also against deflation.”