Tom Spencer

AUGUST 12, 2020

In 2020, the Fed has galloped over the precipice, increasing its balance sheet by around $2.8 However, while China is definitely not immune from criticism, the primary cause of America’s slow decline might be more accurately located closer to home. This inadvertently fuels asset bubbles and financial instability.

Banking 120

Banking Balance Sheet Financial Real Estate 120

Tom Spencer

MAY 9, 2020

Money is not really respected in academia, and so most of the attention tends to focus on other topics: the interaction between buyers and sellers, the structure of industries, statistical modelling, the valuation of financial assets, and so on. Final thoughts.

System 88

System Banking Government Insurance 88

MishTalk

SEPTEMBER 26, 2013

We are often told that a fall in housing prices won’t affect the real economy in China much because, unlike in the US, the amount of real estate financed by mortgages is quite low. This means that the foreign currency reserves are simply the asset side of a balance sheet against which there are liabilities. Pettis on GDP.

Real Estate 64

Real Estate Banking Government Balance Sheet 64

MishTalk

APRIL 1, 2015

Chicago finances are even worse than I thought which is saying quite a bit because I have written about the sorry state of Chicago finances on numerous occasion. Many of these uses of bond proceeds are not eligible for tax-exempt financing under the federal tax code." Not just financed, but financed with long-term debt.

Financial 28

Financial Engineering Finance Government 28

MishTalk

MARCH 17, 2014

This model rests on an understanding of how distortions in the savings rates of different countries have driven the great trade and balance-sheet distortions with which we are wrestling today, just as they have in most previous global crises, including those of the 1870s, the 1930s, and the 1970s. I suggest "something else".

Banking 67

Banking Real Estate Productivity Policies 67