Author Archives: MacroStrategy Edge

Guest Post: Anticipating Financial Instability – High Time for a Coherent Macroeconomics

Rob Parenteau, CFA, is sole proprietor of MacroStrategy Edge, editor of the Richebacher Letter, and a research associate with the Levy Economics Institute. At a Brookings Institution session last March, while Bear Stearns was flaming out, Robert Rubin asserted “few, if any people anticipated the sort of meltdown that we are seeing in credit markets […]

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Reality Intrusion

Rob Parenteau, CFA, serves as an economic and investment strategy consultant at MacroStrategy Edge, and edits the monthly Richebacher Letter. He also serves as a research associate at the Levy Economics Institute. The Austrian School works with a world where money and finance can have repercussions on the real economy, primarily through the effects of […]

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What is Different this Time?

Rob Parenteau, CFA, is sole propreitor of MacroStrategy Edge, editor of the Richebacher Letter, and a research assistant with the Levy Institute of Economics Retail sales remained fairly stable from January through May in dollar level terms. That is generally not what a debt deflation looks like, nor is it what a recovery looks like. […]

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Which Way Forward?

Which Way Forward? Some Suggested First PrinciplesSubmitted by Rob Parenteau, CFA, and sole proprietor of MacroStrategy Edge and editor of The Richebacher Letter. He also serves as a research assistant to the Levy Institute of Economics. Two of the responses to yesterday’s guest post reminded me of something I wrote back in the November 2008 […]

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Policy Complications Ahead?

Submitted by Rob Parenteau, CFA, and sole proprietor of MacroStrategy Edge and editor of The Richebacher Letter. He also serves as a research assistant to the Levy Institute of Economics. A combination of falling asset prices and falling nominal incomes against the back drop of high private debt loads tends to pose a serious challenge […]

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