Discover and read the best of Twitter Threads about #financialcrisis

Most recents (5)

This has clearly been a challenging time in markets but more importantly in life. I shared this note with our investment team over a week ago. I encouraged everyone to keep a journal to document their behaviour and emotions. I’m sure @farnamstreet has more to add! 1/n
I imagine each of you experienced a roller coaster of emotions over the past couple of weeks as markets gyrated. This is normal for times like this. But it does present a good opportunity to learn about our emotional behaviour in times like this...2/n
It can help us to improve our #decisionmaking when the next #financialcrisis hits us. I would encourage everyone to keep a #journal of their emotions, observations & conclusions. “Today feels like the bottom”....
Read 7 tweets
Let us talk about the #FED #FOMC's 1st #MonetaryPolicy meeting of 2020. Specifically, let us talk about the puzzle that is a flatter #PhillipsCurve...
The #FederalOpenMarketCommittee (#FOMC) of the #FederalReserveBank (#FED) of the #US concluded its 1st meeting of 2020 on the 29th January 2020. As expected, the FED did not change rates but left the #KeyPolicyRate, the #FederalFundsRate (#FFR) in the 1.5%-1.75% range...
Indeed, if one considers the #FED #Dotplot of December 2019, the decision to keep rates unchanged would not come as a surprise. What I wanted to focus on today is some key passages in the statement, highlighted in yellow in the screenshot below...its all #PhillipsCurve...
Read 17 tweets
Lets talk about how important it is to frequently #Review #CentralBank #MonetaryPolicy #Frameworks...
I will set things off by pointing out that the various facets of #BusinessCycles (early, mid, late / boom & busts) consistently keep reminding us that what goes up, must come down. We might find ourselves in a prolonged #expansion, but eventually it decelerates into a #recession
As part of #Macroeconomic management (counter cyclical), a #CentralBank's objective (through its #MonetaryPolicy) is to maintain #PriceStability & #FinancialStability & in other cases, to promote #FullEmployment. It does this hand in hand with #FiscalPolicy...
Read 15 tweets
Thread: Nobel Jean #Tirole gave a public lecture at UCL tonight: 10 years after the #financialcrisis where do we stand. Key points:
1)#Finance is good if used and regulated properly. We seem to be making the same mistakes of 10 years ago. #Subprimes are up again in US. 1/
2) Its crazy for banks to hold a lot of their nation’s sovereign bonds. It creates a #doomloop. a bank fails>government needs more debt to bail it>brings down sovereign bond prices and more banks under stress> more public money needed. And yes he used Italy as an example.2/
3) #cryptocurrencies are a bubble. Fiat money and central banks have worked quite well in developed economies in the last 30 years. And with cryptocurrencies seignorage goes into private hands and not to the goverment.
3/
Read 5 tweets
Parliamo di #moneta. Prima domanda: sapete chi crea la quasi totalità del #denaro in circolazione?
In realtà la maggioranza delle persone, anche nel sondaggio offline, risponde non so. Risposte: lo #stato conia le #monete che solo solo lo 0,3% del valore totale... nel #bilancio #bancadItalia le #banconote sono solo il 8% scarso del totale #massa #monetaria #M2 in #Italia...
...and the winner are... le #banche private con circa il 91% della #moneta #M2 poiché emettono moneta scritturale digitale (a #debito) con un click
Read 13 tweets

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