Will Janet Yellen become the mother of all Bubble?

to talk about bubble seems to be in fashion presently but…. should we really care to know if we are or not in a bubble since we live in an “Uber Financial “world where asset price inflation has been (and some still believe in this mantra) the main engine of the mother of all bubble… […]

QE or the Too Big To Fail policy

excellent article on the WSJ from an ex… QE executor… this resume very well the situation;   Andrew Huszar: Confessions of a Quantitative Easer http://online.wsj.com/news/articles/SB10001424052702303763804579183680751473884 I can only say: I’m sorry, America. As a former Federal Reserve official, I was responsible for executing the centerpiece program of the Fed’s first plunge into the bond-buying experiment […]

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 […]