Money and Finance
GR-NEAM Reflections: 07/02/2013 - Mandarin Snow Globe
Central bankers are talking more about the unintended consequences of their actions. Ebullient risk takers beware.
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Gr-neam Reflections: 04/01/2014 - Beware Epiphany
Link to: Beware Epiphany Financial markets' behavior is entering central bankers' field of vision after long being ignored. This has the potential to change the rules.
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Nassim Taleb Quote
From Antifragile: While in the past people of rank or status were those and only those who took risks, who had the downside for their actions, and heroes were those who did so for the sake of others, today the exact reverse is taking place. We are...
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John Mauldin: Qe Infinity: Unintended Consequences
There is an intense debate going on in the first-class cabin of Economics Airlines about the direction in which our plane should be pointed. And while those of us back in the cheap seats don't get to help decide, knowing where we will land is of intense...
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Gr-neam Reflections: 09/04/2012 - Define Exigent
The scale of central banks' responses to slow growth make it highly likely that there will be unintended consequences. The question is whether they occur before the desired deleveraging of the developed world is complete.
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Ultra Easy Monetary Policy And The Law Of Unintended Consequences – By William R. White
AbstractIn this paper, an attempt is made to evaluate the desirability of ultra easy monetary policy by weighing up the balance of the desirable short run effects and the undesirable longer run effects – the unintended consequences. The conclusion is...
Money and Finance