The replacement of Larry Summers
The bitching and moaning in Washington about a likely replacement for Obama economic adviser Larry Summers is all getting a bit — well, bitchy. Lex on Friday notes speculation about potential...
View ArticleFurther further reading
For the commute home, we wish you a great weekend, - Treasury + Fed = better QE.Continue reading: Further further reading
View ArticleClik here to view.
The portable Summers
The Fed is his to lose, so here’s a useful service by Barclays rates analysts — quotes from Larry Summers on monetary policy, all the way from December 1986 to August 2013, all in one place. Click to...
View ArticleSummers on bubbles and secular stagnation forever
One of the most talked about things in economic circles this weekend? Larry Summers’ speech to the IMF Research Conference on November 8, the video of which started circulating at old fashioned money...
View ArticleSecular stagnation and the bastardisation of Keynes
David Roche and Bob McKee at Independent Strategy have put out a strongly worded riposte to Larry Summers’ argument that the world may be beset by secular stagnation. From the note, their main points...
View ArticleClik here to view.
A lending buddy needs capital, as well as trust [Update]
Meet Trustbuddy, the cutesy face of financial innovation, where peer-to-peer lending collides with payday loans. Continue reading: A lending buddy needs capital, as well as trust [Update]
View ArticleBubbles as a deflationary escape chute
If Larry Summers is correct about secular stagnation, the natural interest rate is negative and interest rates at current levels are too high to ensure that planned savings match planned investment in...
View ArticleLarry Summers on forwarding the Doozer economy
Larry Summers was interviewed by Chrystia Freeland at the INET conference in Toronto last week, in a conversation that very usefully expanded upon his thoughts about secular stagnation. (H/T...
View ArticleSometimes inequality is good for growth, and sometimes it isn’t
The current level of income inequality in the U.S. is dampening GDP growth. At least, that’s the conclusion of a new report from S&P Capital IQ. There’s a lot to digest in this exhaustive summary...
View ArticleClik here to view.
Let there be bubbles!
Citi’s Matt King has jumped on the secular stagnation bandwagon with a really nifty collection of charts that ties the whole story of how we got to this point together. He starts off with the capex...
View Article
