The Cost of Capitalism Market Madness 5 ppt
The Cost of Capitalism Market Madness_1 pptx
... outcomes the national debt would be paid off as the decade came to a close. As he put it: Financial Markets as a Source of Instability • 43 • 55 • Chapter 5 FREE MARKET CAPITALISM: STILL THE SUPERIOR STRATEGY To ... world. But the unprecedented progress of the past 25 years should be sufficient evidence for the Chinese that the boom and bust cycle is worth the ride....
Ngày tải lên: 22/06/2014, 18:20
The Cost of Capitalism Market Madness_4 pptx
... recession. The dynamics that precipitated the U.S. recession, the global capital markets crisis, and the worldwide downturn, are the subject of the next two chapters. Greenspan’s Conundrum Fosters the ... 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...
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 ... regulated free market capitalism does the best job of delivering growth to the citizenry of the world. 2. Financial system excesses are the root cause of...
Ngày tải lên: 22/06/2014, 18:20
The Cost of Capitalism Market Madness_8 ppt
... the eve of, 161–176 essential elements of, 149– 151 global policy risks in the aftermath of, 2 05 2 15 response to, 1–2 roots of, 207 seeds of, 5 of 2009, 104–1 05 Bernanke on, 189 in financial markets, ... Electric Company, 155 The General Theory of Employment, Interest, and Money (Keynes), 164 Germany, 212 Global bank run, 153 , 156 – 157 Global capital markets mayhem,...
Ngày tải lên: 22/06/2014, 18:20
The Cost of Capitalism Market Madness_2 pdf
... Index 080706 05 Figure 5. 3 Thus, 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 ... errors over the past 25 years. They defined excesses narrowly, focusing on wages and prices. They celebrated the wisdom of market judgments. And they overestimated t...
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 ... bubble!” I looked at the others; they looked down at their shoes. And for the remainder of the two hours the group exchanged pleasantries. In the end the group...
Ngày tải lên: 22/06/2014, 18:20
The Cost of Capitalism Market Madness_6 potx
... 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 gains in living standards in the developed ... 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 Mouth...
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: Understanding Market Mayhem and Stabilizing our Economic Future_2 pptx
... middle- class existence!” The ABCs of Risky Finance • 27 Figure 2.1 040200989694929088868482807876747270686664626 058 5 654 52 15 10 5 0 5 Year over Year % Change The Great Inflation of the 1960s-1970s Gave ... GDP 040200989694929088868482807876747270686664626 058 5 654 52 it is not the time to dream of punishing the guilty. Central banks must overcome their squeamishnes...
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...
Ngày tải lên: 20/06/2014, 20:20