Pinboard (asterisk2a)
https://pinboard.in/u:asterisk2a/public/
recent bookmarks from asterisk2aRaghuram Rajan - One-on-One: an investigative interview - 44th St. Gallen Symposium - YouTube2015-09-14T22:55:17+00:00
https://www.youtube.com/watch?v=fxvtxhKEYic
asterisk2a> little domestic positive impact but spilled over much across the world! // consequences now seen (1) taper tantrum late 2014 & then summer 2015; china slow-down/equity crash & taper anticipation moves followed up by pulling money out of emerging/developing markets! financial market are divergent from domestic business market. cycles shifted apart slightly. investor, business, financial market & consumer confidence are not linked as tightly before! // financial markets are now global, business markets itself not as much! money can be pulled out digitally in an instance. // no net-positive 4 whole world. selfishness. long-run danger. unintended consequences, unknown unknowns. // global sub-optimal monetary policy // global system (monetary system) broke // uncertainty, unknown of taper. timing debate. game of chicken. volatility bc of lots of froth, distortion! // &! youtu.be/SZe3issLIb8]]>Raghuram Rajan BIS centralbanks hot-money currency-war currency debasement war GFC recovery monetary policy QE ZIRP NIRP excess reserves speculative bubbles reflate reflation economic history faultlines credit bubble BRIC 2015 emerging market Developing World western secular stagnation BOJ Abenomics PBOC globalization globalisation financial zombie banks savings glut business confidence investment USA UK Europe China asset allocation FOMO hunt for yield speculation Super Rich 1% property unconventional Fed BOE ECB inflation expectation targeting mandate deflationary deflation fiscal irrational exuberance panic hubris unknown unkown unintended consequences Taper book structural imbalance Impediments reserve fiat current account deficit trade stimulus Germany austerity dogma ideology credibility Career Politicians Pact Schuldenbremse transmission mechanism theory system complexity incomplete information shadow banking uncertainty volatility distortion repression governancehttps://pinboard.in/u:asterisk2a/b:f34f2d8b5d3e/Robert J. Shiller: "Are We Headed for Another Financial Crisis?" (final edition, as of MAR 8) - YouTube2015-07-15T22:21:53+00:00
https://www.youtube.com/watch?v=ed0TXsGN3wc
asterisk2aRobert Shiller financialcrisis GFC economic history book recovery ZIRP NIRP QE credit bubble equity property speculative bubbles speculation psychology confidence irrational exuberance animal spirit austerity Fiscal Pact Schuldenbremse ideology dogma model financial crisis housing market UK USA China Japan Richard Koo deflationary hunt for yield sustainable sustainability Richardkoo balance sheet recession deflation secular stagnation negative real interest rate Taper BOJ BOE Fed ECB sovereign debt monetary policy system stimulus unconventional transmission mechanism theory modern crony capitalism mainstreet.org mainstreet Wall Street exploitation uncertainty deleveraging savings business investment Sozialer Abstieg inequality income tax code capital gains fairness Software Is Eating The World consumer public productive personal underinvestment infrastructure socioeconomic status anxiety social zombie corporations banks Gesellschaft solidarity society soziologie sociology worry squeezed middle class precariouhttps://pinboard.in/u:asterisk2a/b:17fd7298d09d/Credit Booms & Credit Busts - YouTube2015-07-15T21:55:02+00:00
https://www.youtube.com/watch?v=6qVAVnVfgcg
asterisk2aBIS equity bubble speculative bubbles credit asset property macroprudential policy macroeconomic ZIRP NIRP QE Taper unintended consequences unknown unkown complexity bond Student Loan debt regulation oversight governance BOE simplicity incomplete information academia academics economist behavioral economics finance economic history systemicrisk EuropeanSystemicRiskBoard financial market sustainable sustainability mortgage UK USA China speculation contagion monetary unconventional theory modern boom cycle Makers folly error Career Politicians short-term thinking view political economy centralbanks damage model Richard Koo animal spirit austerity transmission mechanism robertshiller Robert Shiller ideology dogma sovereign crisis populism corporate state manufactured consent Lügenpresse BOJ Fed currency war debasement ECB negative real interest rate Japan hunt for yield irrational exuberancehttps://pinboard.in/u:asterisk2a/b:dccc1cd74057/