The name of John Maynard Keynes became prominent once again with financial collapse beginning in 2008 and the “Great Recession” that followed. I would like to introduce his thinking once again to maybe put the idea...
Read MoreOne of the most important conclusions reached in modern open-economy macroeconomics is captured in what is called “The Trilemma.” The principle presented in this analysis is that governments cannot achieve all...
Read MoreThe financial markets hate uncertainty. It is the unknown that creates uncertainty and unexpected new information often creates uncertainty because investors must not only absorb the new information but must also translate what...
Read MoreEvery day, it seems as if people are given more reasons to distrust financial institutions and the leaders of those financial institutions.Lloyd Blankfein has become a joke!Banks are not to be believed!And, governments and...
Read MoreA financial crisis that is a result of the potential insolvency of a borrower is connected with the “true” value of the underlying assets held by the lender. In the case of the Greece bailout, the European Union (EU)...
Read MoreIn the last “Exit Strategy” post (http://seekingalpha.com/article/196931-federal-reserve-exit-watch-part-9) I stated that the Fed balance sheet was getting boring. Over the last four weeks the Fed’s actions...
Read MoreI am moving more and more to the belief that we will see some substantial inflation in the Western world in the next few years. Being an optimist, I keep hoping that the leaders at the Federal Reserve can bring off the...
Read MoreAs people move through a financial crisis, the hope is that future ‘surprises’ will be avoided. In making things better and getting the system operating once again, efforts are made to identify problems and then set...
Read MoreThe debate rages on: is the economic policy of the United States on the right track? On one side of the argument we hear that not enough has been done by the government to get the economy going again and to reduce unemployment....
Read MoreThank goodness for emails! Now we know what was really going on at Goldman Sachs and Moody’s and Standard & Poor’s. How about Congress including in their bill on financial reform the requirement that all...
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