Macroeconomics: Boom and Bust
Bubble Economics (6/17/2010)
Run-away securitization of housing mortgages abetted by loose credit rating, shaky credit default swaps, and cheap money led to a huge housing bubble in the US.
Run-away securitization of housing mortgages abetted by loose credit rating, shaky credit default swaps, and cheap money led to a huge housing bubble in the US.
From Help Wanted to Job Wanted (1/22/2010)
The unemployment rate closely tracks the business cycle and reflects the vicissitudes of economic fortunes.
The unemployment rate closely tracks the business cycle and reflects the vicissitudes of economic fortunes.
Garlic Bubble? (1/22/2010)
Easy money to stimulate China’s economy has inadvertently led to a speculative garlic bubble.
Easy money to stimulate China’s economy has inadvertently led to a speculative garlic bubble.
Hong Kong Housing Boom (1/21/2010)
The low interest rates intended to stimulate the recessed US economy after the US housing bust in 2007 – 2009 have inadvertently led to a housing boom in Hong Kong when Hong Kong has to lower its interest rates to defend its dollar peg.
The low interest rates intended to stimulate the recessed US economy after the US housing bust in 2007 – 2009 have inadvertently led to a housing boom in Hong Kong when Hong Kong has to lower its interest rates to defend its dollar peg.
Jobless Safety Net (5/13/2010)
Jobless benefits cushion the fall of disposable income during economic recessions.
Jobless benefits cushion the fall of disposable income during economic recessions.
Leveraging and Deleveraging (5/13/2010)
The leverage cycle could amplify business cycles apart from routine monetary policies via interest rates.
The leverage cycle could amplify business cycles apart from routine monetary policies via interest rates.
