Titlebook: Applied Financial Macroeconomics and Investment Strategy; A Practitioner’s Gui Robert T McGee Book 2015 Robert T. McGee 2015 asset allocati

詼諧

Lessons Learned from the Financial Crisis,ert that a completely hands-off response that allowed the panic to subside on its own would have rendered a better outcome. It’s the difference between putting out a house fire and letting the neighborhood burn down. Anyone who understands what happened in the early 1930s could clearly see that.

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The Business Cycle, At the same time, they are distinguished by their recurrence, persistence, and pervasiveness. They make up a class of varied, complex, and evolving phenomena of both history and economic dynamics. Theories or models that try to reduce them to a single causal mechanism or shock are unlikely to succe

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Monetary Policy,t. Even as a professor, before becoming a prominent money manager, one of his maxims was “don’t fight the Fed,” an investment rule of thumb that continues to resonate, especially after the extraordinary monetary policies that followed the financial crisis of 2008–2009.

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Equities and Profits, future earnings stream of a company. Because most of the earnings of most companies are further out in the future and less certain than bond payments, returns on equities are generally much more volatile than those on investment-grade bonds.

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Commodities and Tangible Assets,ncallable bonds, such as Treasury coupon securities, offer much better protection against unanticipated deflation, which enhances their real returns. Since deflation has been rare and inflation prevalent in the new world of fiat money since World War II, commodities and other tangible assets, like r

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Lessons Learned from the Financial Crisis,930s. The extraordinary measures taken to prevent it from becoming another Great Depression were largely successful. Many observers have disputed this on the basis that the claim that aggressive monetary and fiscal measures stopped something much worse relies on a counterfactual argument that can ne