Is the Economy Suffering From Acute Misdiagnosis?

in Market Commentary by

[dropcap]I[/dropcap]n case you missed it, Harvard’s Kenneth Rogoff makes a compelling argument about why some inflation may be good in the current economic environment. It’s always dangerous to say “this time is different,” but it also seems this downturn has more dissimilarities than similarities to typical recessions (2008 excluded). To be sure, we’re not officially in a recession and we may still avoid one. But it makes one wonder whether recent policy moves, particularly those of the Fed, are based on a misdiagnosis of the current state of affairs. If so, won’t they ultimately prove useless?

Read more at the Project Syndicate:


The Second Great Contraction

Read the entire article at Project Syndicate.

The following two tabs change content below.
Daily Capital
We at Personal Capital have one goal in mind: to build a better money management experience for consumers. That’s why we’re blending cutting edge technology with objective financial advice. We believe this is the best way to empower individuals and their money. Subscribe to our blog and join our empowered financial community.

Leave a Reply

Your email address will not be published.

Disclaimer. This Website may contain links to third-party websites. These links are provided solely as a convenience to you and does not imply an affiliation, sponsorship, endorsement, approval, investigation, verification, or monitoring by PCAC of the contents on such third-party websites. Please be advised that PCAC is not responsible for the content of any website owned by a third party.