MS&E 147 Chapter Notes - Chapter 1-2: Jeb Hensarling, Robert J. Shiller, Hedge Fund
1 Feb 2017
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3-30 (ii) my speech to finance graduates, robert shiller, project syndicate, may 22, 2012 http://www. project-syndicate. org/commentary/my-speech-to-the-finance-graduates (iii) jeb hensarling and the allure of economism, james kwak, baseline scenario, december. 20, 2016, https://baselinescenario. com/2016/12/20/jeb-hensarling-and-the-allure-of-economism/ (iii) as auto lending rise, so do delinquencies, rise in loans linked to car hurting the. Poor, michael corkery, new york times, november 30, 2016 http://www. nytimes. com/2016/11/30/business/dealbook/as-auto-lending-rises-so-do- delinquencies. html. Nilometer trick - language of economics and finance. Rmbs: mortgage backed securities, financial instrument created by pooling mortgage debts, can have varying levels (tranches) of risk and therefore yields to investors. Language of finance - obfuscate, hide truth, but also complicated because the underlying analysis is more complicated. Therefore, unfamiliar terms are more efficient at describing these phenomena, shared language with experts . Experts don"t have to agree with each other, but the terminology and jargon is common knowledge. Qe2: government buying back government debt from market participants. The money the government bought back debt with becomes newly created electronic money.
