Epstein Secrets

From: Staley, Jes To: [email protected] <[email protected]> Sent: 1/6/2012 12:43:49 AM Subject: "Last month, in a surprise move, Euro zone banks

ir balance sheets to record levels to get money to the public markets. At some point, there will have to be a change or there will be consequences. Paul Krugman once said: "Unsustainable situations usually go on longer than most economists think possible. But they always end, and when they do, it's often pai

To: [email protected][[email protected]] From: Staley, Jes Sent Fri 1/6/2012 12:43:49 AM "Last month, in a surprise move, Euro zone banks were given immense backing from their Central Bank (the ECB)

r balance sheets to record levels to get money to the public markets. At some point, there will have to be a change or there will be consequences. Paul Krugman once said: "Unsustainable situations usually go on longer than most economists think possible. But they always end, and when they do, it's often pa

gree of certainty; historically, productivity forecasts have been notoriously wrong. In The Age of Diminished Expectations,” first published in 1990, Paul Krugman, Nobel laureate in economics and professor at City University of New York, wrote that the lower pace of productivity growth experienced since the ear

ent low productivity growth rates do not portend low growth rates going forward. Just as Hansen was proven wrong on his secular stagnation theory and Krugman was proven wrong on his diminished expectations for the US economy (and they were both influenced by their pessimistic view on productivity), those w

ork Economic Club, September 15, 2016. Chair Janet L. Yellen, “Current Conditions and the Outlook or the U.S. Economy,” June 6, 2016. Vice Chairman Stanley Fischer, “Remarks on the U.S. Economy,” August 21, 2016. Robert J. Gordon, The Rise and Fail of American Growth: The US. Standard of Living Since the