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TIMOTHY GEITHNER
Geithner Confirms Mafia-Linked Berlusconi's
Forced Ouster, But Says US Did Not "Have Blood On Our Hands" – ZH
Lunch with the FT: Tim Geithner – FT
Over Indian food in New York, the former US Treasury secretary talks to
Martin Wolf about future risks, crisis management, mistakes and misperceptions
Timothy Geithner Interview – VOX
When I heard that
Timothy Geithner was putting out his memoir “Stress Test,” I couldn’t help but
to think back to the first time I interacted with him.
Tim Geithner: More Banker Than the Bankers – New
Republic
The Former Treasury
Secretary's Unintentionally Revealing Interviews
This man made millions suffer: Tim Geithner’s
sorry legacy on housing – Salon
Forget the book tour
designed to polish his legacy. Tim Geithner's record on housing will forever
live in infamy
Now out of public
office, Mr. Geithner himself paints a far more dire picture in his new book
“Stress Test” than the one he described as a U.S. official. The renewed turmoil in Europe threatened the U.S. financial system, Geithner wrote.
Tim Geithner on Charlie Rose – Global
Macro Monitor
The Ultimate "Two Wrongs Don't Make A
Right" Interview: Cramer & Geithner – ZH
The Paradox of Financial Crises – WSJ
Timothy Geithner: Aggressive
government intervention will lead to a stronger financial system less dependent
on the taxpayer.
MARKETS
The Trade of the Century: When George Soros
Broke the British Pound – Priceonomics
Up 75% In 31 Months Without A 10% Drawdown – The
Fat Pitch
Chart Watch – Global
Macro Monitor
Can Investors Profit using Academic Research? – dshort
http://advisorperspectives.com/newsletters14/Does_Academic_Research_Have_Any_Value.php
Citi On Bubbles, Broken Feedback Loops, &
Bricks-On-Elastic – ZH
Reasons for the Bond Rally – The
Reformed Broker
6 reasons treasury yields should be higher – Sober
Look
Volatility breakout? – Humble
Student
Algorithms Beat Intuition – the Evidence is
Everywhere – Turnkey
Analyst
ECONOMICS
EUROPE
How the euro changed international debt flows – voxeu.org
Large flows of bank
lending from core countries in the Eurozone to the periphery lead to large
financial imbalances. This column explains what motivated such financial flows.
With the advent of the Eurozone, banks in core countries gained relative
advantage in lending to the periphery, making such lending very attractive.
They also served as intermediaries for financial flows from outside the
Eurozone to the periphery. Now – five years since the start of the euro crisis
– Eurozone financial markets remain segmented.
Stiglitz seems to
think the euro can be saved, but that the “structure” of Europe as a political entity has to change. His ideas
for a reformed structure sound a lot like a consolidation of Europe into a single nation state.
MONETARY
POLICY
Which Flavor of QE? – Macroblog
A drawback, in my
view, of general discussions about the wisdom and effectiveness of large-scale
asset purchase programs is that these policies come in many flavors. My belief,
in fact, is that the Fed versions of QE1, QE2, and QE3 can be thought of as three
quite different programs, useful to address three quite distinct challenges.
The exit from non-conventional monetary policy:
what challenges? – BIS
WP No 448. Monetary
policies pursued in response to the financial crisis have shown that changes in
central bank balance sheets have major macroeconomic consequences.The New
Classical Macroeconomics, which gained increasing sway from the late-1980s, had
led to an exclusive focus on the policy rate and a neglect of balance sheet
effects.
The BIS has spent
almost the whole period since the financial crisis struck calling for tighter
money. Oddly, however, it keeps changing its justifications for that call.
Inflation Targets Reconsidered – Krugman
The 2-percent
inflation target: financial crisis taught us economies are more likely to hit
zero-bound than previously thought, and economic costs of that constraint are
higher than previously taught. Solution is a higher inflation target.
OTHER
Global Flows and Global Growth – Project
Syndicate
Cross-border flows are
claiming a growing share of global economic activity. But neither the extent of
the global economy’s interconnectedness nor the changing composition of
interconnections among countries and within sectors is well understood.
The odds you’ll join the ranks of the long-term
unemployed – WaPo
The Inequality Puzzle – Democracy
Journal
Lawrence H. Summers: Thomas Piketty’s tour de force
analysis doesn’t get everything right, but it’s certainly gotten us pondering
the right questions.
Economists used to be the priests of free
markets – Quartz
Now they’re just a
bunch of engineers
Why Do Economists Still Disagree Over
Government Spending Multipliers?
– The
Big Picture