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Search For Stimulus In A ZIRP World
Mish's Global Economic Trend Analysis —
Central bankers everywhere are Looking for Tools in a Zero Interest-Rate World. The Swiss National Bank is becoming the first central bank in Europe to learn what it’s like to live in a zero interest-rate world. “They simply don’t have much room left on interest rates” following a 100 basis-point cut Nov. 20, said Reto Huenerwadel, senior economist at UBS AG in Zurich. “Still, they’re actively using monetary policy and are looking for creative solutions,” which may include buying bonds, intervening in currency markets and expanding swaps with other central banks, he said. With Switzerland following the rest of Europe into ...
Does Bernanke realize what he's doing? (by Russell Roberts)
Cafe Hayek —
I just finished an interview with Robert Higgs about the Great Depression for a future EconTalk. After the formal interview was over, we were talking about how Bernanke seems obsessed with avoiding another Great Depression. Unfortunately, as Higgs observed, we don't have a liquidity problem as we had in the 1930s but rather an insolvency problem akin to ...
One of the best Fark taglines ever
Newmark's Door —
Fark links to this story about Monday's speech by Ben Bernanke and cracks:
Bernanke hints he might just say "fark it, we're going to 0%" and then put the printing presses into high gear.
