Alan Greenspan on his Fed legacy and the economy

14th August 2012

Medal-Count Economics

What factors explain the Olympics' biggest winners? Well, according to Matt O'Brien, you need lots of people, lots of money, and lots of desire. In other words, China is just getting started. The Atlantic

 

Alan Greenspan on His Fed Legacy and the Economy

"The number of mistakes I have made are just awesome. There is no number large enough to account for that. But I'm right more than half the time." Bloomberg Businessweek

 

Five-year credit drought crunches the recovery

What does last week's Bank of England's zero growth forecast for 2012 mean in a wider sense? "It means, however you slice it, and whatever data revisions come along, this is a disappointing recovery. Five years on from the "official" August 9 2007 start of the global financial crisis and credit crunch, the economy remains crunched." Economics UK

 

Europe's Summer Reading List

As the continent shuts down for a month, what should Europeans be reading beneath their sun umbrellas this year? Barry Eichengreen suggests: Milton Friedman's and Anna Schwartz's A Monetary History of the United States, Charles Kindleberger's The World in Depression 1929-1939 and Barbara Tuchman's The Guns of August. Project Syndicate

 

Stock Prices Rose by 5% in Two Weeks – Guess Why?

David Glasner says the stock market rose because of its love of inflation. More specifically, because there is a strong positive correlation between movements in inflation expectations and the direction of the stock market – the Fed's hint that it may finally provide some inflationary relief – enticed desperate investors. Uneasy Money

 

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