TheMoneyIllusion

A slightly off-center perspective on monetary problems.

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Goldman Sachs and the “hall of mirrors”

August 22, 2019

Facebook Twitter Google+ LinkedIn Here’s Bloomberg: As well as uncertainty over the U.S.-China trade war, [Goldman Sachs economists Jan Hatzius and Sven Jari Stehn]  rationalize their call by arguing the central bank is in a “hall of mirrors” in which officials place greater weight on bond-market pricing when making decisions than historically.That’s because... Read More >>
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Why was the yield curve inverted before WWI?


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I guarantee that everyone won’t be wrong about China


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Recessions are not forecastable


Facebook Twitter Google+ LinkedIn I’m seeing too many people assuming that a recession will occur within the next year or so. That’s... Read More >>

A proposed three team trade


Facebook Twitter Google+ LinkedIn Here’s my proposed trade: Denmark sends Greenland to the US, along with a future second round pick. The US gives... Read More >>

The Fed thinks it’s smarter than the markets


Facebook Twitter Google+ LinkedIn We’ll see . . . PS. I have a post on low rates over at Econlog. The good news... Read More >>

(Trade) war, children, it’s just a tweet away


Facebook Twitter Google+ LinkedIn When I listen to the Rolling Stones, I often cannot understand the lyrics. But then the lyrics don’t... Read More >>

Greg Ip asks an interesting question


Facebook Twitter Google+ LinkedIn David Beckworth linked to this tweet by Greg Ip: 1/ Random thought: maybe we could defeat lowflation by returning... Read More >>

Does China have enough dollars?


Facebook Twitter Google+ LinkedIn Tyler Cowen linked to an interesting article on China’s financial situation: The government’s dramatic about-face from encouraging aggressive overseas... Read More >>

Party like it’s 1999


Facebook Twitter Google+ LinkedIn Unfortunately, the Cold War is not over. The US just pulled out of an arms control agreement with... Read More >>