Events might be teaching a tutorial on the steep price of cheap money. …One purpose of the low rates was to send a flood of money into the increasingly frothy stock market… The Fed’s balance sheet of government and government-guaranteed assets, by which it nudges down interest rates, ...
While it’s true that the huge stock of currency now in the hands of the public (likely held mostly abroad not in the US) would continue to provide a buffer against inflationary or deflationary fiscal shocks, the demand for currency is likely not very responsive to changes in interest rates...
while on trips in a certain foreign country of theirs, etc.), I wonder if that bankruptcy judge is soon going to be a secret billionaire. If he takes less than a billion, he is being cheated
Friedman insisted that the Great Contraction started as a normal business-cycle downturn caused by Fed tightening to quell stock-market speculation that was needlessly exacerbated by the Fed’s failure to stop a collapse of the US money stock precipitated by a series of bank failures in 1930, ...
is a level of finance that is already a further step removed from simple loans/moneylending. We can imagine Aristotle becoming even more indignant about such things. Indeed, we findThomas Jeffersonfrequently complaining about "stock jobbers" (i.e. stock brokers), and fury over "speculators" bec...
I don’t think economists should be in the business of making unconditional forecasts. An example of an unconditional forecast would be a prediction of a stock market collapse. To me, that is just superstition. So I don’t hold it against him that Friedman failed to predict the current ...
Bnindeis came down from lioston, and in a speech at Cooper Union prophesied that that company must fail, PREFACE vii Leading bankers in New York and Boston were heartily recommending the stock to their customers. Mr. Brandeis made his prophecy merely by analyzing the published figures. How ...
"I feel sorry for you." "Don't feel sorry for me, let me tell ya'." She had plans for Michele right from the start. Bad ones. A visit to Carolyn Picot's Grave in the ever so important Find-a Grave Virtual Cemetery at first made Michele feel sorrier than ever. She even cried...
J. Money: So a majority has always been investments, stock market and mainly for the last half of decade, index funds, the Vanguard. Which I learned from the fire community, I took me five years to catch on to that, and I would say my assets that were offline or that were, yeah,...
only the stock market was only a 100% of GDP and today it is 150% or one and a half times the economy. So, the plunge in the stock market would be huge and from a much higher level. Back in the Great Recession, unemployment claims spiked. We had millions of people laid off, and...