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The Economist on Asset Bubbles and Inflation Targeting by Central Banks

Comments

  • #2
    silverharp
    Registered Users, Registered Users 2 Posts: 18,854 ✭✭✭✭silverharp


    nesf wrote: »
    http://www.economist.com/blogs/buttonwood/2010/07/floating_rates_asset_bubbles_monetary_policy_and_inflation&fsrc=nwl

    It's an interesting read. Some good points made on post-Bretton Woods asset bubble creation and similar. This housing bubble of ours is just one one of a series of bubbles from the last 40 years. It's good to keep some perspective on these things.


    I've read Duncan's book and it's an interesting read. The thing is not all bubbles are created equal. The amplitude of boom bust cycles have been getting bigger. Compare the tech bubble of the 90's which led directly to the Fed creating an even bigger housing bubble to counteract the previous bust. If a hands off approach had been taken the US would be well out of the 2001 recession and the global financial system would not be largely bankrupt.

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



  • #3
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    nesf wrote: »
    http://www.economist.com/blogs/buttonwood/2010/07/floating_rates_asset_bubbles_monetary_policy_and_inflation&fsrc=nwl

    It's an interesting read. Some good points made on post-Bretton Woods asset bubble creation and similar. This housing bubble of ours is just one one of a series of bubbles from the last 40 years. It's good to keep some perspective on these things.

    Green Bubble is next if were not already in it,
    and China are in a huge property bubble now

    some people might say sure whats the downside of having too many windmills etc same way as they were saying same about housing, and of course theres the constant ramping by few...


  • #4
    nesf
    Registered Users, Registered Users 2 Posts: 27,644 ✭✭✭✭nesf


    ei.sdraob wrote: »
    Green Bubble is next if were not already in it,
    and China are in a huge property bubble now

    some people might say sure whats the downside of having too many windmills etc same way as they were saying same about housing, and of course theres the constant ramping by few...

    Green bubble mirroring the old Railway frenzy perhaps? Disruptive technology etc.


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