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Your first lesson on the Global Saving Glut.
This speech gives, in an academic style, plenty of anwers to questions asked by many.
This speech gives, in an academic style, plenty of anwers to questions asked by many.
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Statistical anomaly.
The only thing necessary for the triumph of evil is for good men to do nothing. -
This should not be on the history forum. Can it be transfered to the main Off Topic forum by a cooperative Mod?Statistical anomaly.
The only thing necessary for the triumph of evil is for good men to do nothing. -
No ****! Does anyone post in the regular off topic forum anymore?I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Sorry for the tardy move, Davout. I've been away.The genesis of the "evil Finn" concept- Evil, evil FinlandComment
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locked up?Any views I may express here are personal and certainly do not in any way reflect the views of my employer. Tis the rising of the moon..
Look, I just don't anymore, okay?Comment
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The vastness and complexity of the problem will not be significantly increased by a 5 days delay.Originally posted by Lazarus and the Gimp
Sorry for the tardy move, Davout. I've been away.
Statistical anomaly.
The only thing necessary for the triumph of evil is for good men to do nothing.Comment
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Re: Global Saving Glut
I've known about it for over 5 years now.Originally posted by DAVOUT
Your first lesson on the Global Saving Glut.
We should be in a nice steady recession right now if we were smoothly transitioning into the future. It's kind of late now.This speech gives, in an academic style, plenty of anwers to questions asked by many.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Read it. He can remain chairman of the US Federal Reserve.
For now.Comment
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Once upon a time certain people couldn't deal with the fact was spending more than it earned. So they decided to argue that the US wasn't saving too little, no, au contraire, the rest was saving too much! And thus was born the global savings glut.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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It's the same thing.
Bernanke is arguing that government intervention is going to be required from both sides.Comment
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Originally posted by Colonâ„¢
Once upon a time certain people couldn't deal with the fact was spending more than it earned. So they decided to argue that the US wasn't saving too little, no, au contraire, the rest was saving too much! And thus was born the global savings glut.
Interest rates are so low because the US doesn't save enough, mkay, sure.
I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Meh whatever. In 20 years time debate will probably still be raging whether this time period of low interest rates, a multitude of financial bubbles and US' current account deficit was the result of lax monetary policies by the major CB's or some apparently exogenous factor.DISCLAIMER: the author of the above written texts does not warrant or assume any legal liability or responsibility for any offence and insult; disrespect, arrogance and related forms of demeaning behaviour; discrimination based on race, gender, age, income class, body mass, living area, political voting-record, football fan-ship and musical preference; insensitivity towards material, emotional or spiritual distress; and attempted emotional or financial black-mailing, skirt-chasing or death-threats perceived by the reader of the said written texts.Comment
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Why cant there be a savings glut and lax monetary policy/bubbles?I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Bernanke recognizes that the current situation is abnormal.Originally posted by Colonâ„¢
Once upon a time certain people couldn't deal with the fact was spending more than it earned. So they decided to argue that the US wasn't saving too little, no, au contraire, the rest was saving too much! And thus was born the global savings glut.
His whole purpose is to understand how the present situation has developed, which is, seemingly, the contrary of what you said.Finally, in the longer term, the developing world should be the recipient, not the provider, of financial capital. Because developing countries tend to have high ratios of labor to capital and to be away from the technological frontier, the potential returns to investment in those countries are high. Thus, capital flows toward those countries should benefit both them and the countries providing the capital.
Statistical anomaly.
The only thing necessary for the triumph of evil is for good men to do nothing.Comment
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There is a great uncertainty on the causes of the decline of interest rates; Bernanke makes an interesting attempt:Originally posted by Kidicious
Interest rates are so low because the US doesn't save enough, mkay, sure.
The three factors listed by Bernanke can be accepted:To be sure, the global saving glut was not the only factor behind the decline in long-term real interest rates since the 1990s. As I described in subsequent remarks (Bernanke, 2006), term premiums also declined during this period for reasons that are debated but may have included
- a perceived reduction in uncertainty regarding inflation and the real economy
- as well as increased demand for longer-term securities by various institutional investors, including pension funds and foreign central banks.
Changes in the global pattern of saving and investment surely played an important role in the decline in long-term rates, however.
- the excess of foreign savings has necessarily a depressing influence on the interest rates offered;
- the reduction of inflation, when perceived, has an influence on the risk premium required by the lenders;
- The long term interest rates are obviously influenced by the variations of the amount of loans offered.
But there are possibly other factors; what is clear is that a shortage of financing (low US savings) should have caused an increase of the interest rates, not a decrease This shortage has been offset, and more, by the foreign financing (the global saving glut).Statistical anomaly.
The only thing necessary for the triumph of evil is for good men to do nothing.Comment
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