Reinhart Archive

Reinharts, Rogoff See Huge Output Losses From High Debt

A black mark on Morgan Stanley Reinharts, Rogoff See Huge Output Losses From High Debt By Rich Miller April 30 (Bloomberg) — The U.S. and other developed economies with high public debt potentially face “massive” losses of output lasting more than a decade, even if their interest rates remain low, according to ...Read More

Rogoff on CNN

>    >   (email exchange) >    >   On Jun 2, 2011, Pavlina wrote: >    >   Talk about not-so-innocent fraud, Rogoff on CNNs Fareed Zakaria GPS on right now: >    “You can’t really say the US can never pay its debts, since so much depends on politics and willingness to pay, but the debt to GDP ratio ...Read More

Reinhart got it right

[Skip to the end] I hadn’t noticed this back then, but Vince got it right: The Fed purchased the $30 billion of securities from JPM/Bear Stearns, with JPM agreeing that if there were any net losses it would be responsible for the first $1 billion. It’s very odd that the Fed would ...Read More