Learning To Understanding Market Mayhem 5 pptx
Learning To Understanding Market Mayhem_3 pptx
... Cisco Systems (CSCO) 30 0.44 6.9 3. 05 42.08
2 Microsoft (MSFT) 25 1.60 5. 2 8.33 77 .55
3 Intel (INTC) 20 2.32 3.3 7. 75 48.01
4 Oracle (ORCL) 25 0 .56 2.8 1 .58 14.71
5 Int Business Machines (IBM) 14 ... OF
C
APITALISM
89888786 858 483
40000
36444
32889
29333
257 78
22222
18667
151 11
1 155 6
8000
50 00
455 6
4111
3667
3222
2778
2333
1889
1444
1000
Index Index
Gains for Japanese...
Learning To Understanding Market Mayhem_5 pptx
... inventories and working capital, all but closed. Com-
mercial banks became unwilling to lend to one another, much less to
their customers. Money market mutual funds suffered withdrawals of
over $50 0 ... Harry’s
payment to keep her in good financial stead? She might be forced into
bankruptcy and be unable to honor her CDO payments to Freddy.
Suddenly, in the aftermath of the Lehm...
Learning To Understanding Market Mayhem_1 ppt
... 51
Figure 4.3
40
35
30
25
20
15
Percent (%)
Soaring Stocks Relative to Company Earnings:
Climbing Risk Appetites Unfold in the 1990s
S&P 50 0 Combined Price/Earnings Ratio
0099989796 959 49392
first ... And free market naysayers can deny the
fruits of the efforts of entrepreneurs and investors. But history has the
56 • T
HE
C
OST OF
C
APITALISM
be very desirable to take co...
Learning To Understanding Market Mayhem_2 potx
... their gains, they bought
stock options that locked in their automatic sell orders if the market
were to fall back to a specified level.
Think of it like this: I own a stock at $120. I am up 20 ... thanks to tech-
nology gains from computers. Stock prices were not exuberant, they
were prescient. The soaring stock market, the consensus declared, had
simply figured out what analysts came...
Learning To Understanding Market Mayhem_6 potx
... the
ready to respond to violent increases in credit spreads. When stock and
corporate bond markets go into free fall, policy makers ease aggres-
sively, pointing out that investors need to be cleansed ... 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 1982, I left Washington to tak...
Learning To Understanding Market Mayhem_7 pdf
... asset market excesses are distant
memories. For policy makers, the front and center challenge is
twofold: to stem the downward spiral for the global financial markets
and to limit the damage to the ... picture.
Profits would have to rise to 31 percent on national income. We pointed
out that the corporate investment needed to absorb those funds was im-
possible to imagine. We wen...
Learning To Understanding Market Mayhem_8 pdf
... consistency literature, 223
Too big to fail doctrine, 182
Trade surplus, in Japan, 97
Treasury, U.K., 157
Treasury, U.S., 152 – 155 , 157
Treasury bills, 1 35, 140, 154
Trends, extrapolating yesterday’s,
197
Truths, ... past 25 years,
15
Refinancing, 30, 34, 134
Regulation Q, 87
Rescue efforts, 57 58
Residential real estate collapse, 19
Retrenchment, 41, 56 , 1 05,
1 15 116
Right b...
The Cost of Capitalism: Understanding Market Mayhem and Stabilizing our Economic Future_2 pptx
... on my way to riches, and he’ll be frozen in his middle-
class existence!”
The ABCs of Risky Finance • 27
Figure 2.1
040200989694929088868482807876747270686664626 058 5 654 52
15
10
5
0
5
Year over ... 15 •
Chapter 2
THE MARKETS STOKE THE
BOOM AND BUST CYCLE
It is a joke in Britain to say that the War Office
is always preparing for the last war.
—Winston Churchill, The Gathering Sto...
Understanding Market Mayhem and Stabilizing our Economic Future_1 pptx
... they want do better going forward.
The Markets Stoke the Boom and Bust Cycle • 23
Figure 2.1
040200989694929088868482807876747270686664626 058 5 654 52
15
10
5
0
5
Year over Year % Change
The Great ... 15 •
Chapter 2
THE MARKETS STOKE THE
BOOM AND BUST CYCLE
It is a joke in Britain to say that the War Office
is always preparing for the last war.
—Winston Churchill, The Gathering Stor...
Understanding Market Mayhem and Stabilizing our Economic Future_7 pptx
... the
ready to respond to violent increases in credit spreads. When stock and
corporate bond markets go into free fall, policy makers ease aggres-
sively, pointing out that investors need to be cleansed ... Similarly, I was convinced the $5 trillion surplus story
was fanciful. I simply had to find the fatal flaws in the argument.
different than investors in the stock market. . . . Good...
Từ khóa: