Ken Rogoff Attacks ‘Crude Keynesian Stimulus”

Is the U.S. headed the way of Zimbabwe, with endless central bank monetization of the central government’s debt?

In a non-firewalled op-ed for the Financial Times, World is right to worry about US debt, which is introduced by the Op-ed editors with the sentence “America must face up to its responsibilities, writes Kenneth Rogoff”, we get [...]

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Reinhart and Rogoff Fight the Fed

In 2009, Drs. Carmen Reinhart and Ken Rogoff published This Time Is Different:  Eight Centuries of Financial Folly.  This academic work became topical as it was nearing its completion due to the “Great Recession”.  They added a long ending chapter to deal with the crisis and predicted a great deal of what has transpired:  several [...]

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More Deflation Pressures Seen

On June 28 last year, I wrote a post titled Important Battle at Four Dollar Copper.  Shortly thereafter, copper surged half a buck but then dropped by one-third to $3.  With global money-printing picking up  and hopes that only a minor European recession and mild Chinese growth slowdown would let the party resume, copper rebounded- [...]

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Why ZIRP Became Inevitable and Why It May Be With Us a Long Time

Last year, on June 26, when the 10-year Treasury traded at 2.87%, already far down in yield from its peak, I indicated that the yield could go a lot lower because the U.S. was developing a “yotai gap” in Japanese fashion.  The post was titled Yotai Gap to Provide Fuel to the Treasury Bond Bull?  [...]

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