Sunday, January 19, 2014
Saturday, January 18, 2014
From hand operated macro targets to dynamic state of the system guided algorithms
The metamorphosis has just begun Even though the suggestion is as old as meaDe circa 1940
Friday, January 17, 2014
"Zero real " interest rate for uncle S revolutionizes fiscal activism
Make this policy perpetual and risk less borrowing is unlimited
Pure opportunity cost
Allocation by ration
So forget bursts of negative real safe rates
Tuesday, December 10, 2013
no opinion is an anus
"To be honest, I have no idea what will do the trick. There is unlikely to be another WW2, another G.I. bill, another 50s-type broad-based economic boom. Hopefully Belmont is just ahead of the game, and the working class is about to make the same positive changes - decreasing divorce, increasing civic engagement - that the educated class made in the 90s and 00s. But if not, I'm out of ideas."
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