The Cost of Capitalism Market Madness 1 pptx
The Cost of Capitalism Market Madness_1 pptx
... 08070605040302 01 the 19 90s expansion. And in the 19 80s? Figure 4.4 shows that risky corporate bond rates fell irregularly versus Treasury borrowing costs for most of the second half of the decade. Taken ... can look at the period from the 19 50s through the 19 90s as one long eco- nomic experiment. The data are in; the market strategy has emphati- cally triump...
Ngày tải lên: 22/06/2014, 18:20
The Cost of Capitalism Market Madness_4 pptx
... sector of the U.S. economy. Over the 20 01- 2003 period, housing failed to fall much and then began to rise with pow- erful momentum. The U.S. housing market simply skipped the reces- sion of 20 01( Figure ... skipped the reces- sion of 20 01( Figure 10 .2). Greenspan’s Conundrum Fosters the Housing Bubble • 12 7 02 010 09998979695949392 919 089888786 2000 18 00 16 00...
Ngày tải lên: 22/06/2014, 18:20
The Cost of Capitalism Market Madness_2 pdf
... extrapolating markets predispose the economy to excessive uses of risk and concentration of investment. And the interplay of these two flaws explains each of the major economic declines of the past 25 ... markets needed to be added to the Fed’s list of poten- tially destabilizing excesses. Why? Sadly, it was not the force of ideas that carried the day. It was the...
Ngày tải lên: 22/06/2014, 18:20
The Cost of Capitalism Market Madness_3 pot
... OF C APITALISM 89888786858483 40000 36444 32889 29333 25778 22222 18 667 15 111 11 556 8000 5000 4556 411 1 3667 3222 2778 2333 18 89 14 44 10 00 Index Index Gains for Japanese Shares in the Late 19 80s Wildly Outstripped Advances for Most Other Nations Nikkei ... piece I wrote on the eve of the collapse of Nasdaq, in the spring of 2000. 2 The Brave-New-World Boom Go...
Ngày tải lên: 22/06/2014, 18:20
The Cost of Capitalism Market Madness_5 ppt
... things go awry, the insurer pays the buyer. Either way, one of the two parties gets the money promised in the transaction. That makes the CDO market, in theory, a zero sum game. For the overall financial ... But the legacy of freewheeling government meddling, with Keynesian justification, was the Great Inflation of the 19 60s and 19 70s. The descendants of Milto...
Ngày tải lên: 22/06/2014, 18:20
The Cost of Capitalism Market Madness_6 potx
... than I do with the remedies I propose. 12 However, even amidst the imposing shadow of the 2008 crisis, the record of free market capitalism over the past 50 years is striking. The postwar reality—good ... brain skills. Looking through the details of the question to get to an overarching sense of the issue is at the heart of right brain thinking. Out of t...
Ngày tải lên: 22/06/2014, 18:20
The Cost of Capitalism Market Madness_7 pot
... capital markets and the strong growth that they financed gave rise to the long string of successes that were celebrated through- out the 19 90s and into the middle years of the first decade of the new millennium. ... many champions of free market capitalism warned about the tenuous nature of the global credit markets. Warren Buffett, the sage of Omaha, labeled...
Ngày tải lên: 22/06/2014, 18:20
The Cost of Capitalism Market Madness_8 ppt
... 210 visible hand of, 16 5, 18 2, 19 4, 210 – 211 Government intervention, 17 0, 19 1, 19 4 Great Depression, 14 3, 16 4, 17 0, 18 1 18 3 Great Inflation, 22, 83, 17 0 Great Moderation, 5–6, 15 16 , 21, 76–78 238 • I NDEX raising ... rates, 12 4 12 5, 16 8 16 9 misguided focus on low, 11 5 11 7 rate of, compensation beyond, 219 tamed (by 19 98), 10 8 vanquishment of,...
Ngày tải lên: 22/06/2014, 18:20
The Cost of Capitalism: Understanding Market Mayhem and Stabilizing our Economic Future_2 pptx
... the stock market crash of 19 90, the Asian crisis of the mid -19 90s, the fabulous technology boom/bust cycle at the turn of the millen- nium, and the unprecedented rise and then collapse for U.S. ... The late 19 80s brought us junk bonds. The late 19 90s witnessed the spectacular dot-com IPO market. And wizardry in the first cycle of this century gave explo...
Ngày tải lên: 20/06/2014, 20:20
The Cost of Capitalism: Understanding Market Mayhem and Stabilizing our Economic Future_4 pot
... in stock prices, 19 82 -19 86, were a welcome change. Seasoned money managers remembered all too well the brutal 19 70s, with the Dow no higher in the summer of 19 82 than in the fall of 19 71. This presented a ... see. As they were in Japan in the 19 80s and the United States in the 19 90s and the 19 20s. Monetary policy makers must end their policy of benign neg...
Ngày tải lên: 20/06/2014, 20:20