The Cost of Capitalism Market Madness 4 pptx
The Cost of Capitalism Market Madness_1 pptx
... to owners of stock. Moreover, Financial Markets as a Source of Instability • 49 because of the leveraged nature of their wagers, they lose substantial wealth and become rapid sellers. The real ... 08070605 040 30201 the 1990s expansion. And in the 1980s? Figure 4. 4 shows that risky corporate bond rates fell irregularly versus Treasury borrowing costs for most of the s...
Ngày tải lên: 22/06/2014, 18:20
The Cost of Capitalism Market Madness_4 pptx
... thought that by the end of the year the funds rate would fall to 4 percent. Quite a few e-mails greeted me after the show, most of them critical, and one accused me of excessive use of hallucinogenic ... Incredibly, over the first five years of the new decade, 1 34 • T HE C OST OF C APITALISM of long-term interest rates—including and especially fixed rate mort- gages...
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
... as most of the rest of the stock market was 108 • T HE C OST OF C APITALISM of these companies looked shaky. The value of bank assets, therefore, had to be reduced. And banks, in need of additional ... OF C APITALISM 8988878685 848 3 40 000 3 644 4 32889 29333 25778 22222 18667 15111 11556 8000 5000 45 56 41 11 3667 3222 2778 2333 1889 144 4 1000 Index Index Gains fo...
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 ... morphing of the U.S. recession into a global capital markets crisis and a worldwide recession are the subject of the next chapter. Bernanke’s Calamity and the...
Ngày tải lên: 22/06/2014, 18:20
The Cost of Capitalism Market Madness_6 potx
... 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 the Mouths of Babes The best right brain thinking ... 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 g...
Ngày tải lên: 22/06/2014, 18:20
The Cost of Capitalism Market Madness_7 pot
... many champions of free market capitalism warned about the tenuous nature of the global credit markets. Warren Buffett, the sage of Omaha, labeled the mar- kets impenetrable, and therefore fraught ... capital markets and the strong growth that they financed gave rise to the long string of successes that were celebrated through- out the 1990s and into the middle years...
Ngày tải lên: 22/06/2014, 18:20
The Cost of Capitalism Market Madness_8 ppt
... 57 Bernanke, Ben ahead of European Central Bank colleagues, 144 angst about deficits (2006), 44 45 on asset markets, 78 Bernanke’s calamity, 144 – 147 casting a blind eye, 4 ABOUT THE AUTHOR Dr. Robert ... 1 84 stages of capitalist finance, 42 Taylor rule retrofit, 188 Mishkin, Frederick, 145 Mishkin strategy, 145 – 146 Modern finance, 1 84, 207 Monetarists, 1 64 Monetary author...
Ngày tải lên: 22/06/2014, 18:20
The Cost of Capitalism: Understanding Market Mayhem and Stabilizing our Economic Future_2 pptx
... 2 THE MARKETS STOKE THE BOOM AND BUST CYCLE It is a joke in Britain to say that the War Of ce is always preparing for the last war. —Winston Churchill, The Gathering Storm, 1 945 -1953 O ver the ... the stock market crash of 1990, the Asian crisis of the mid-1990s, the fabulous technology boom/bust cycle at the turn of the millen- nium, and the unprecedente...
Ngày tải lên: 20/06/2014, 20:20
The Cost of Capitalism: Understanding Market Mayhem and Stabilizing our Economic Future_4 pot
... 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 years. In summation, the savvy analyst must be of two ... 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 wa...
Ngày tải lên: 20/06/2014, 20:20