Our ‘Blog’
Keynes versus Hayek – Battle of the Dead Economists
Earlier this month at the IMCA conference in New York, two living economists rekindled the powerful debate of the 1930s between Keynes and Hayek about interventionist versus laissez-faire policies to address the Great Depression. You can read the entire article on Advisor One - and watch a YouTube video - here.
Is the Fed’s Interest Rate Policy a Tax on Retirees?
A post on the Forbes.com website suggests that the Federal Reserve's stated policy of keeping interest rates low into 2014 - and below the expected rate of inflation - is effectively an onerous tax on retirees, as fixed income investors in the US are disproportionately retirees and those close to retirement. Read the entire post here.
Pimco’s views on the European debt rating downgrades
In their view, the sovereign downgrades will likely trigger further cuts in the ratings of European banks. You can read the entire article in Advisor Perspectives here.
10 Health Reform Provisions Implementing in 2012
The Henry J. Kaiser Family Foundation helpfully explains the provisions of “2010 Patient Protection and Affordable Care Act,” better known as health care reform, that will be implemented this year. Read the entire Advisor One article here.
Towards the Paranormal
Bill Gross, of Pimco, gives his views on the prospects for 2012. The "New ParaNormal" is a bi-modal, fat-tailed distribution of possible outcomes... Read the Advisor Perspectives article here.
Professor Nouriel Roubini – aka Dr. Doom – predicts a bumpy economic ride in 2012
Fragile and unbalanced in 2012, says Roubini. Read the entire article at the Project Syndicate website here.
Downward Spiral
The head of leading fixed income manager Pimco gives his views on the prospects for the future of the Eurozone. Read the article on the Foreign Policy website here.
A disastrous failure at the EU summit
Interesting analysis: private capital (savings) was intermediated by the banks from Germany and Holland to the capital-importing countries (Greece, Ireland, Portugal, Spain). After the crisis, the flows stopped. Eliminating structural deficits in the capital importers is only possible with prolonged recessions or huge improvements in relative competitiveness. Since the capital exporters are unlikely to become less competitive, long-term structural recessions ...
A sobering look at the American labor market
The December 11, 2011 edition of the Financial Times examines the US jobs crisis. Read the entire article here.
Emperor Corzine’s Goldman Clothes
From the Financial Times, a wonderful parable about Wall Street's arrogance and blindness. Read the entire article here.
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