Wednesday, August 22, 2012

Edward Harrison sees the US becoming the next Japan



Analysis of Fed operations and how they are failing as the US approaches the fiscal cliff and likelihood of 2013 recession, which could tip the US into deflation due to unforeseen effects of monetary policy.

Credit Writedowns


The Fed, the interest income channel and net interest margins
Edward Harrison

3 comments:

Dan Kervick said...

Yes, the US has an aging population that seems committed in its bones to stagnation, pessimism and a fatalistic doctrine of pre-ordained failure. We need the young people to step up and inject some hope and social ambition into a tired and decadent culture.

Greg said...

Yes Dan and all along the way they insist they are doing these things so their children have a future....... absolutely tragic.

Detroit Dan said...

Ed makes a good case that the monetary policy (trying to low interest even more yet again) is counterproductive at this time...