Baum Just What I Said

Bloomberg Economics Columnist Takes on Bonds, Banks, Budgets, and Bubbles
1. Auflage 2010
ISBN: 978-0-470-88309-9
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 318 Seiten, E-Book

Reihe: Bloomberg

Not for nothing do her initials also stand for "Central Bank." Fornearly two decades, Caroline Baum has produced incisive commentaryon central bank policy, the ebbs and flows of the economy, and howthey influence the bond market. Her much sought-after, real-timeanalysis is read by a devoted audience on the BLOOMBERGPROFESSIONAL service within seconds after it appears. The word onthe Street is that reading Caroline Baum is an economic educationin itself.
This selection from her more than 1,300 Bloomberg News columns,arranged by major themes and with new introductions by the author,condenses and organizes that wisdom for the first time in printform.

Autoren/Hrsg.

Baum, Caroline

Inhaltsverzeichnis

Preface
Acknowledgments.
Introduction.
1 Ye of Little Faith.
Why the Federal Reserve gets so much attention, yet so littlecredit, for the outcomes it effects.
2 The Bubble, or This Time Really Is Different!
Like terminally ill patients, the late 1990s bubble intechnology and Internet stocks passed through the five stages ofdying: denial, anger, bargaining, depression, acceptance. It didn'tturn out any better for the market.
3 Still Nonsense After All These Years.
Driving a stake through the heart of popular delusions: Whyacts of God aren't good for growth, costs don't push up inflation,and demand in the economy isn't finite.
4 Myths Under the Microscope.
Repeating something often enough doesn't make it true. You'dnever know it from the misconceptions that survive about tax cuts,trade, and liquidity traps.
5 First Principles.
How the Pilgrims learned about the value of incentives, andhow backyard birding sheds light on the law of supply anddemand.
6 Understanding the Yield Curve.
One rate is set by the central bank, the other by the market.The message couldn't be simpler, which is probably why mosteconomists ignore it.
7 The "Political" Economy.
What happens when the heavy hand of government tries tointrude on the invisible hand of the market.
8 Sir Alan.
To some, he's a man for all seasons, a knight for all ages.To others, he's the emperor with no clothes. His day job ischairman of the Federal Reserve Board.
9 What Would We Do Without a Dollar Policy?
How an insipid slogan morphed into a policy, and why we arestuck with it.
10 Off the Charts.
Sexagenarians bracket the big bull market in bonds, whiletechnical traders are blindsided by the canoe over thewaterfall.
11 Odd Ducks.
It's a challenge to ring out the year on a creative note, butsniffing out a shaggy dog story from Petsmart is a slamdunk.
12 Oil Things to Oil People.
We can't live without it, but we don't seem to understand it:Why the Fed can't sign over monetary policy to OPEC.
13 Rewriting History.
Politicians never let the facts stand between them and alittle historical revisionism.
14 Men in Black.
Who are the Plunge Protection Team, and what are they doingin the financial markets?
15 No One Else Would Write About This.
Why automated phone menus and other productivity-enhancingdevices are a headache for the consumer and an unmeasured form ofinflation.
16 Love Affair.
Why bonds like to hook up and even fall in love.
17 Bumbling Bureaucrats.
How an international lending agency reinvented itself as anüberadviser once it had outlived its purpose.
18 The 2004 Election.
Why a presidential candidate has to run as somebody, not asanybody-but-his-opponent.
19 Readers Write Back at You.
Readers send their unedited thoughts into cyberspace, neverexpecting anyone to read them or reply.
Index.

Über Autor(innen)

Caroline Baum has been a columnist at Bloomberg News since 1998. She has been writing about the economy and the bond market since 1987. In 2004 and 2005, she received first-place National Headliner Awards in the wire service/commentary category.