Carmen Reinhart, co-author of the book This Time Is Different: Eight Centuries of Financial Folly and a professor at Harvard, talks about U.S. deficit reduction, Federal Reserve policy and tax code reform. Here is a direct link. She points out that while Fed policy may well continue lax for several more years, it is unlikely to change the slower growth trajectory of our debt deleveraging cycle.
Cory’s Chart Corner
“An explosive critique about the investment industry: provocative and well worth reading.”
“Juggling Dynamite, #1 pick for best new books about money and markets.”
“Park manages to not only explain finances well for the average person, she also manages to entertain and educate, while cutting through the clutter of information she knows every investor faces.”