Showing 1 - 10 of 86
Persistent link: https://www.econbiz.de/10003355344
Persistent link: https://www.econbiz.de/10003808882
Money manager capitalism - characterized by highly leveraged funds seeking maximum returns in an environment that systematically underprices risk - has resulted in a series of boom-and-bust cycles in equities, real estate, and commodities. Because subsequent cycles have been increasingly...
Persistent link: https://www.econbiz.de/10003811613
Persistent link: https://www.econbiz.de/10003670582
As his new term begins, President George W. Bush has been trying to focus his domestic agenda on what he calls the "ownership society", a sweeping vision of an America in which more citizens would hold significant assets and be free to make their own choices about providing for their health care...
Persistent link: https://www.econbiz.de/10003383227
Persistent link: https://www.econbiz.de/10003383246
For a time, the Federal Open Market Committee (FOMC) seemed to have learned from the mistakes of the past. Instead of taking good economic performance as a sign of incipient inflation, Chairman Alan Greenspan kept interest rates relatively low in the late 1990s, even as unemployment plummeted....
Persistent link: https://www.econbiz.de/10003383284
The most charitable interpretation of the Federal Reserve's recent interest rate hikes is that they appear to have been premature. A convincing array of data on payrolls, employment-to-population ratios, and other labor market indicators show that the current recovery has not yet attained the...
Persistent link: https://www.econbiz.de/10003383296
Senior Scholar L. Randall Wray lays out the numerous and critical ways in which we have failed to learn from the latest global financial crisis, and identifies the underlying trends and structural vulnerabilities that make it likely a new crisis is right around the corner. Wray also suggests...
Persistent link: https://www.econbiz.de/10009380427
Persistent link: https://www.econbiz.de/10010512104