especially about the future. This may or may not be a Chinese proverb but it is more of a truism than most of us know. Jim Surowiecki of The New Yorker had a interesting take on Punditonomics earlier in April. He … Continue reading
Monthly Archives: April 2014
GREAT MODERATION REDUX ?
Gavyn Davies has called attention to the belief of some analysts that we may be entering another period of less than historical fluctuations in GDP growth and less than average inflation in his blog Great Moderation 2.0-Davies. Although not necessarily great news … Continue reading
DEFLATION
When the conservative economist John Makin of the even more conservative American Enterprise Institute warns of the dangers of deflation, it is time to pay attention. Read his analysis in Preempt Deflation Now – Makin AEI. TFM
THE REAL RATE OF INTEREST
In a recent blog Gavyn Davies calls attention to the secular decline in the real rate of interest since the 1980s — essentially from 6% to zero in The future for real interest rates. This is both a mystery and a concern … Continue reading
