Байден против вируса

[ny_quant]

Рынки настолько воодушевились вчерашними победами Байдена (или, вернее, поражeниями Сандерса), что на денек даже забыли про вирус.

Здравый смысл подсказывает, что хороших новостей в обойме осталось очень мало, ну там ещё пару снижений ставок и объявлений стимулов, а вот плохие новости будут продолжать просачиваться ещё довольно долго. Так что fasten your belt.

Comments

[misha-b.livejournal.com]

Yup, that seems to be the case. I am not sure why the fed did what it did. I very much hope I am wrong but I am afraid bad news are just beginning.

[ny-quant.livejournal.com]

He had no choice. Market expected it from him and would go into a free fall if he didn't oblige. Technically, fed is not in charge of the the markets but in reality it is.

[misha-b.livejournal.com]

Well, they don't have many bullets left.

[ny-quant.livejournal.com]

Exactly.

[shvarz.livejournal.com]

Это они еще не послушались трампомудня и не опустили ставки заранее.

[oldkettle.livejournal.com]

There are economists who profoundly disagree with you on this.

[misha-b.livejournal.com]

They cannot go below zero, at least not much.

[oldkettle.livejournal.com]

They don't need to, there are other ways.
Market monetarism, Scott Sumner (themoneyillusion.com) and many others.

[ny-quant.livejournal.com]

Сходил по ссылке, почитал. Он говорит, что "Summers manages to make not one but two bonehead errors in one tweet." I think he's the bonehead there. We'll see soon enough.

[oldkettle.livejournal.com]

About 12 years ago when marginalrevolution first linked to his blog I thought he was bonkers. But unlike very many other economists in this period he was usually right. That includes Krugman's BS about British austerity and most monetarist predicting high inflation following low interest rates and QE.

[oldkettle.livejournal.com]

As the link made my comment a spam, I'll just say the word: QE.

Seriously, look up Scott Sumner.