Economics Getting to the End of the Rate Cut Road Hatzius 2008-10-31[1]
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Sunday, November 9, 2008
Interesting economics analysis
I wanted to write a post about how I thought the Fed was running out of options and we were most likely headed for a longer recession than the government would like, but then I found this paper which quite frankly is much better than anything I could have written, so please read and enjoy....
Economics Getting to the End of the Rate Cut Road Hatzius 2008-10-31[1]
Economics Getting to the End of the Rate Cut Road Hatzius 2008-10-31[1]
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You probably have already read this, but here's an interesting article about the mess on Wall Street written by Michael Lewis, the author of Liars Poker. Enjoy!
http://www.portfolio.com/news-markets/national-news/portfolio/2008/11/11/The-End-of-Wall-Streets-Boom?tid=true#page9
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