balance sheet recession

Rather than adding stimulus with the aim of goosing demand to help the economy reach escape velocity, I would say that the central objective of economic policy is to help the economy reach full employment. Doing so will increase demand,…

Below is a video of Richard Koo from this past weekend's INET conference in Bretton Woods giving us his latest thoughts on policy responses to a balance sheet recession. He believes that Europe, the U.S. and China have much to learn from…

The Federal Reserve released the quarterly flow of funds report which allows one to see the debt levels outstanding in the U.S. economy. From the looks of it, deleveraging has not continued apace. UBS' Andy Lees writes: The Fed Z1 flow…

Below, INET's Rob Johnson interviews Richard Koo, Chief Economist at Nomura and author of the 2009 book "The Holy Grail of Macroeconomics, Revised Edition: Lessons from Japans Great Recession" on how his theory on the Japanese…

Piggybacking off of my last post highlighting Nouriel Roubini's talk with Simon Constable, I wanted to present three videos from Roubini's appearance on NBC Europe this morning. In the earlier pre-Davos Wall Street Journal interview,…

The Case/Shiller Housing Index numbers were below expectations and confirmed that housing is dipping again after a brief respite. In the video below, Robert Shiller explains what this means for the economy.

Richard Koo was on Bloomberg yesterday making a lot of good points about what public sector retrenchment will mean, namely a decrease in private sector savings. With households already highly indebted in many countries, this cannot be a…

You hear the term "double dip recession" bandied about in the media a lot these days.  But there is no strict definition for what a double dip recession is or what it actually means to an economy. Have no fear; At the…

In my post Koo, White, Soros and Akerloff videos from inaugural INET conference I highlighted four speeches from the recent George Soros-sponsored pow-wow. I have already written up a post based on the one by William White in "The…

Most of us have about 20 years to secure our retirement - from our mid 40s to our mid 60s. That has been an absolute disaster for my generation, with inflation-adjusted returns on a global equity portfolio being down about 23% over the past…