Council of Foreign Relations interview with Maria B.His views on debt, spending, aggregate demand seems to match up with Steven Keen. He says we are in a "beautiful deleveraging". Nominal growth rate of GDP must exceed nominal interest rate (This is a vote in favour of the Fed policy so far - since this is what they have achieved). "The natural move is toward deflation right now -then there is the response of the central banks."
His views seem to be that we are muddling through the crisis, but we could all die if we hit an "air pocket". Depends on the "appropriate" mix of monetary and fiscal policy. And of course political responses that shape both. More details on his views can be found here.
Dalio seems more pessimistic about prospects at the Deadbook conference.
His views seem to be that we are muddling through the crisis, but we could all die if we hit an "air pocket". Depends on the "appropriate" mix of monetary and fiscal policy. And of course political responses that shape both. More details on his views can be found here.
Dalio seems more pessimistic about prospects at the Deadbook conference.
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