Useful Readings. Trying categories this time. CENTRAL BANKS In Defense of Monetary Policy (ECB Speech) - by Vítor Constâncio, Vice-President of the ECB, 11 March 2016 - To normalise inflation in the euro area we urgently need higher growth that can reduce negative output and unemployment gaps, using all really available policies. If not monetary policy, then what? … Continue reading Links 23.MAR.2016
Links 19.FEB.2016
Stephen Roach says negative interest rates set stage for next crisis - "by imposing penalties on excess reserves left on deposit with central banks, negative interest rates drive stimulus through the supply side of the credit equation — in effect, urging banks to make new loans regardless of the demand for such funds. This misses the essence … Continue reading Links 19.FEB.2016
Links 16.FEB.2016
Some interesting links I've been reading over the last week. John Mihaljevic's answer to How can I find stocks that are undervalued? - Quora - Mihaljevic wrote the Manual of Ideas Idea generation is both art and science. Not as simple as just doing quantitative screens and buying those stocks. John shares many other value investor's … Continue reading Links 16.FEB.2016
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