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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