UPDATE: The Fed needs to stop being such a wussy about the economy
Almost all advanced economies are burdened with enough debt to remain vulnerable to double-dip recessions, according to Carmen Reinhart . Moreover, the obtuse, intensely ideological prescriptions proffered by such luminaries as Paul Krugman in the NYT, and Stanford's John Taylor and Harvard's Robert ...
As the world found out in 2008, it’s crucial to track macrofinancial risks.
As the world found out in 2008, it's crucial to track macrofinancial risks.
All asset classes are currently being driven by central bank policy measures, and understanding the risks are critical for portfolio construction, says PIMCO's Vineer Bhansali.
During his keynote presentation at the Morningstar Investment Conference, the PIMCO manager made the case that high debt levels and a need for financial stability mean that central banks should keep real rates close to zero for some time.