In this fun thread, on July 4, 2007, I wrote about one of Bernanke’s speeches:
This latest wind bag empty rant of his is almost laughable
The Financial Accelerator and the Credit Channel
June 15, 2007
He speaks of his model results as if they represent reality without question. It is notable that he only references papers that support [...]
Financial Armageddon points to the Reuters article:
Worried about inflation? Just wait
where he argues that deflation is the next big worry. I have to humbly disagree. Sort of.
I do agree that financial asset prices are due for a massive correction, but the economy is made of more than just financial assets. Financial assets will see deflation, [...]
Wow. When I first began voicing my opinion about the Fed and monetary policy in a public phorum, it didn’t take long for me to be drawn to some papers by Anna Schwartz. On July 3, 2007, when I was asked what I would have done if I was in charge of monetary policy, I [...]
A while back, I was sitting in a meeting with some bankruptcy attorneys that were helping the investment group understand some new bankruptcy laws. After the meeting, I asked one of the attorneys a pretty open-ended question that tends to get surprisingly honest answers:
In the long term, what is your biggest concern for the US [...]
