Steve Keen

Bears Chat at The Wall Street Examiner December 1, 2011 0 Comments

Excellent Commentary on Equilibrium (Neo-Classical) vs. Instability (Minsky) theory, as well as the relationship between base money and credit money.

Some very interesting points, which are backed by empirical data:
Base money does not lead credit money via the money multiplier effect. It is the other way. Credit money leads base money.
Deposits do not create loans. Loans create deposits (which is of course HyperTigers point)

His skewering of Bernanke is also excellent…

(1 of 3) Steve Keen on debt and the economy

Here are the Keys as the Trend is Intact, But on Edge

(2 of 3) Steve Keen on debt and the economy

(3 of 3) Steve Keen on debt and the economy

Share on Facebook

You must log in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Gold Stuck in the Middle While Miners Look Promising

When all feels hopeless is usually when a bottom arrives. Right now feels semi hopeless. Maybe not a good thing.

Deadly Ambiguity With Big Profit Potential

Including 5 holdovers from last week, there are now 13 open picks on the list, all longs.

Head and Shoulders Above

From a time perspective, the 10-12 month cycle ideally should be in a top phase. But it surpassed its last cycle projection of 4440 so it is probably in trending mode. Both the 6 month cycle and the 13 week cycles appear to be trending.

Booming Tax Revenues, Overheating Risk, and The Real Crisis Starts Now

The stock and bond markets face a triple whammy at the end of this month. In this report I’ll show you what those three things are, why and how they will impact the market, and what you should do about it (subscriber version only). These three things will pose a grave threat to the Treasury market, to short term interest rates, and ultimately to the stock market.

Five Mining Picks to Swing

When all feels hopeless is usually when a bottom arrives. Right now feels semi hopeless. Maybe not a good thing.