Wednesday, June 26, 2013

Central Banks: powerful or powerless? Make up your mind.

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In my previous blog post I criticized the latest annual BIS report on several grounds. One of them was their analysis of monetary policy. Le...
Monday, June 24, 2013

BIS: Bank for Inconsistent Studies

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The BIS just published its annual report  (and some of its arguments are also presented in a lecture that Raghuram Rajan gave at the BIS at...
Friday, June 21, 2013

The power of statistics (Ferguson and the WSJ)

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Dean Baker complains about the high number of inconsistencies and mistakes that Niall Ferguson manages to put together in a Wall Street Jou...
Wednesday, May 29, 2013

QE and Stock Markets: Boom or Crash?

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Here is a follow up to my previous post about what to expect when Quantitative Easing is reversed. The point I made earlier is that the more...
Sunday, May 26, 2013

Looking forward to the end of QE

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Good piece in the FT online today by Gavyn Davies  on what wil happen to markets when QE (quantitative easing) ends. As we have witnessed la...
Sunday, May 19, 2013

Search for yield

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More on the issue of bubbles in the stock market. Here is a chart from Google Trends on the worldwide trends for the search of the term ...
Thursday, May 16, 2013

The myth of liquidity and bubbles in financial markets

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Gillian Tett at the Financial Times wonders today about how long the stock market rally will continue. Her argument is that we see data tha...