Economic News: Video of Paul Jorion matter how about Alan Greenspan.
Alan Greenspan has recement * write an article in the Financial Times where he disavows the expansionary monetary policy (run printing money) to his successor, Ben Bernanke. He stressed that this increase in money supply does not work and could ultimately devastating. Indeed, most of that money is not used by banks who do not want to risk making the credit, because the unemployment rate is very high, there is a high probability of defaults among borrowers. Alan Greenspan also highlights the risks of inflation or hyper-inflationary monetary policy accommodative of these, which if they were to materialize, could not be contained by central banks because they would not have the necessary tools.
The reaction Paul Jorion for this article seemed very interesting. So here it is:
* Alan Greenspan, chairman of the Federal Reserve (the Fed), from 1987 to 2006
Economic News: Video Olivier Delamarche Kiervel commenting on the case and especially the decline of the dollar.
Olivier Delamarche This intervention is very interesting because it highlights that all financiers think but dare say: The rose gold Only the result of an aversion to increasing for currencies and partly in the dollar. Indeed, conducting expansionary monetary policies (increased money supply) totally ineffective, the central banks are liveliness to discredit and thus they raise questions about the currencies where they are the guarantors.
Economic News: Video of Paul Jorion commenting on the change of American strategy
is a surprise. Upon his arrival in power Obama took opposite view of everyone choosing as economic advisers who were responsible for the overall crisis. Larry Summers has been appointed to develop a plan of the same name we know as the "recovery plan Obama." His resignation sounds mostly like a failure of U.S. economic policy conducted so far. I offer this analysis of Paul Jorion that dissects the situation.
In my case, I'm currently working on 2 records for the blog but it takes me a while to find the necessary data. The first case involves speculation on foodstuffs and the second relates to a theme that occurs repeatedly around me, this is the real Paris.
