Learning To Understanding Market Mayhem 2 potx
Learning To Understanding Market Mayhem_2 potx
... 85 DECNOVOCTSEPAUGJULJUNMAYAPRMARFEB JAN 1987 28 00 26 00 24 00 22 00 20 00 1800 1600 Index Portfolio Insurance Set Up Sell Orders at Similar Prices. On October 19th, 1987, a Majority Found Themselves Automatically Selling into a Collapsing Market. Dow ... gains, they bought stock options that locked in their automatic sell orders if the market were to fall back to a specified lev...
Ngày tải lên: 21/06/2014, 15:20
Learning To Understanding Market Mayhem_6 potx
... revenue gains . . . have been tied to the stock market. . . . The risk is that 20 0 • T HE C OST OF C APITALISM 10080604 020 0989694 929 0888684 828 0787674 727 0686664 626 0 11 10 9 8 7 6 5 Share (%) Where ... relative to GDP were to fall back to 8.5 percent, the CBO’s estimate for the 20 02 surplus would be overstated by $185 billion. 2 Why might tax receipts plunge as a shar...
Ngày tải lên: 21/06/2014, 15:20
Learning To Understanding Market Mayhem_1 ppt
... system to this world. Let’s suppose that stock and bond markets provide a means for businesses to borrow and households to lend. Let’s suppose further that the world is peo- pled with 24 /7 rational ... in. Consider the chart in Figure 4 .2. It represents investor willingness to lend to risky companies over the 50 • T HE C OST OF C APITALISM Figure 4 .2 6 5 4 3 2 1 Spread (%) A...
Ngày tải lên: 21/06/2014, 15:20
Learning To Understanding Market Mayhem_3 pptx
... Technologies (LU) 20 1. 12 3 .2 3.57 22 .1 7 Nortel Networks (NT) 21 1 .28 1.4 1.76 11.86 8 America Online (AOL) 50 0 .27 2. 3 0. 62 35.51 9 Sun Microsystems (SUNW) 21 0.79 1.6 1 .25 8.41 10 Dell Computer ... rival to the United States in the late 1980s, receded into near obscurity over the next 10 years (see Figure 8 .2) . 98 • T HE C OST OF C APITALISM 89888786858483 40000 36444...
Ngày tải lên: 21/06/2014, 15:20
Learning To Understanding Market Mayhem_5 pptx
... 080604 020 0989694 929 0888684 828 0787674 727 0686664 626 05856 20 000 10000 8000 6000 4000 20 00 In Billions of Chained 20 00 $s, Log Scale Growth Is the Goal and Growth Is the Rule NIPA: Real GDP Figure 13.1 080604 020 0989694 929 0888684 828 0787674 727 0686664 626 05856 10 8 6 4 2 0 2 –4 Year ... nearly $2 trillion had a market value closer to $1 tril- lion, if there was any...
Ngày tải lên: 21/06/2014, 15:20
Learning To Understanding Market Mayhem_7 pdf
... International Economy, 20 02. 2. “America’s Bubble Budget,” Financial Times editorial, October 27 , 20 00. 3. Ibid. 4. Floyd Norris in a New York Times blog in fall 20 08. 22 4 • N OTES . “Boom, Gloom, ... Reserve Board, Washington, D.C., August 20 07. 3. Federal Reserve Board Chairman Bernanke, October 31, 20 08, UCLA symposium. 4. Hyman Minsky, John Maynard Keynes, pp. 124 -25 . Cha...
Ngày tải lên: 21/06/2014, 15:20
Learning To Understanding Market Mayhem_8 pdf
... about, 145 surging, 1 32 134 unprecedented climb in, 21 up in every year since 1966, 27 28 Households, 20 9 21 1 Houses, as asset, 1 32 Housing activity, 126 – 127 , 140, 22 0 Housing bubble, 123 –137, 140–1 42, 185 Housing ... 99–100, 181–1 82 of banks, 34, 181–1 82 houses as, 1 32 prices, 20 , 23 , 41, 60, 117, 123 risky, 48, 90–183 Attitudes toward risk, 32, 41, 1 42, 20 8 20...
Ngày tải lên: 21/06/2014, 15:20
The Cost of Capitalism: Understanding Market Mayhem and Stabilizing our Economic Future_8 potx
... revenue gains . . . have been tied to the stock market. . . . The risk is that 20 0 • T HE C OST OF C APITALISM 10080604 020 0989694 929 0888684 828 0787674 727 0686664 626 0 11 10 9 8 7 6 5 Share (%) Where ... decision to relent on tight money. When I made this observation to a friend, he chuckled. “You need to read Hyman Minsky!” he said. And I did. In 19 82, I left Washington t...
Ngày tải lên: 20/06/2014, 20:20
Understanding Market Mayhem and Stabilizing our Economic Future_4 potx
... Technologies (LU) 20 1. 12 3 .2 3.57 22 .1 7 Nortel Networks (NT) 21 1 .28 1.4 1.76 11.86 8 America Online (AOL) 50 0 .27 2. 3 0. 62 35.51 9 Sun Microsystems (SUNW) 21 0.79 1.6 1 .25 8.41 10 Dell Computer ... rival to the United States in the late 1980s, receded into near obscurity over the next 10 years (see Figure 8 .2) . 98 • T HE C OST OF C APITALISM 89888786858483 40000 36444...
Ngày tải lên: 21/06/2014, 02:20
