Monetary transmission mechanism , wealth and income

As  the chairman of financial asset price control, intials BB, has stated. When financial asset price are up, people will feel wealthier , better and will draw on their credit lines to buy the latest Iphone  to feel even better and share their thoughts on FB…. the bloomberg headline ” Top 1% Got 93% of […]

A guide to understand deleveraging?

I can only recommend the reading from Bridgewater which published quite a few paper on How the economy works, and a beautiful deleveraging. etc.. just go to–press.aspx and also select the daily observation and.. complete your name email.etc… The only question I have for Ray Dalio is about the shadow banking inventory, the off […]