Archive for December 17th, 2015

The role of banks and devil in growing an economy..

December 17, 2015

Here is a two month old interview of Adair Turner which is a great read. He discusses his new book, Between Debt and the Devil: Money, Credit, and Fixing Global Finance and the critical questions — and radical solutions — that can help put us on a better economic path.

First some bit on banks:

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Finally, Fednesday is over..what next?

December 17, 2015

I remember writing on Fed exit policy way back in 2009-10. Fed chair Bernanke had listed several ways for the exit way ahead of its time. It has taken nearly five years for atleast some type of exit to happen. And even now one does not know how far the exit will go.

So, finally it raised policy rates by 25 bps to 0.50% on what is nicely called as a Fednesday. WSJ discusses the day and here are reaction of the priests..


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