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Monthly Archives: January 2016
Former NBER head on the costs of Fed bubbles
Laughable question of the day: “Is there any chance that the Fed can control asset bubbles?” True answer: Control bubbles? The Fed created a series of asset bubbles over the last 16 years–tech wreck, housing wreck and QE mania– and … Continue reading
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Reminder: see ‘The Big Short’
If you haven’t seen ‘The Big Short’ yet, do. See ‘The Big Short’ and demand change. Far from a historical episode now fixed or behind us, the film is entirely relevant to the dominant risks still at work in financial … Continue reading
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A word on U$ vacation properties
Many people were happy to purchase U$ vacation properties over the past few years while their home currency was strong and U$ realty had plunged from the 2006 bubble peak in America (as well as some Caribbean, South and Central … Continue reading
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