Financial Contracts and the Lying Liars Who Create Them
Feb 18th, 2009 | By Richard Daughty | Category: Politics & EconomicsThe Economist magazine innocently asks, “Why is finance so unstable?”
The Economist magazine innocently asks, “Why is finance so unstable?”
Obama’s ever-growing stimulus package isn’t giving the markets a boost. Matthew Collins says the Fed’s zero-rate interest policy has created a liquidity trap, in which businesses and consumers prefer to hoard cash than make risky investments. That makes stimulating the economy very difficult, and dampens hopes of an ‘Obama rally’ in the near future.