This tag is associated with 5 posts

Bernanke’s Brilliance

I am reading a book called The Holy Grail of Macroeconomics: Lessons from Japan’s Great Recession, by Richard Koo. His explanation of how and why Japan is in a recession is logical and convincing, and made me realise just how brilliant Bernanke’s ‘credit easing’ move was. It was simply an amazing masterstroke that has never … Continue reading

Book Review on A Concise Guide to Macroeconomics

Book: “A Concise Guide to Macroeconomics: What Managers, Executives, and Students Need to Know” by David A. Moss. Review: This is an excellent book! Can’t recommend it highly enough! This lays down clearly the basic relationships among economic variables without going into equations or formulas. It is what makes macroeconomics interesting. Key Points: Output The … Continue reading

Notes on Article on U.S. Debt by Alan Greenspan

A summary of a WSJ article on U.S. debt here, by Alan Greenspan (18 June 2010): Federal debt to the public has surged from $5.5 trillion to $8.6 trillion in the past 18 months. This is a sign of fiscal excess, which typically shows up as inflation and high long-term interest rates, but have not. … Continue reading

Gold is a Currency, Not an Inflation Hedge

Just read a WSJ article on Gold here. Thought that its pretty interesting. Main points: Gold is not a commodity, but is a currency. A commodity’s price is driven by inflation (e.g. silver, wheat, pork bellies). Gold’s correlation with inflation from 1978 is only 0.08. However, from 1973 onwards (when the dollar is no longer … Continue reading

Thoughts on Macroeconomics

Some thoughts: How wealthy or economically strong a country is depends on the real output (goods and services) of the country. The real output is independent of the currency. Another way to think about how wealthy is a country is in terms of how much is consumed by the country in terms of real goods … Continue reading

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