April 2014
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When Hyman Minsky Runs For The Hills: Japan Central Bank To …

One look at the chart below, which shows JPM's estimate for various central bank holdings as a percent of host nation GDP, is enough to explain why that distant giggling is Hyman Minsky warming up… and he is running for the hills. …. The Bank of Japan will aim to double the monetary base over two years through the aggressive purchase of long-term bonds, in a dramatic shift aimed at ridding Japan of the deflation that has dogged the country for almost two [...]

Japan is finally escaping its deflation vortex. But it's not in the clear …

Japan has been struggling to wrest itself free of its deflationary spiral since the 1990s. It looks like may finally be doing that. Prices for consumers grew 0.7% in July—the most they've grown in nearly five years. Here's a look: If  … [...]

Fed Balance Sheet vs. Stock Market; Will QE Cause Inflation? US in …

In response to Japan Near Stagnation Following 9 Months of Growth; Service Sector Prices Back in Deflation ; Spotlight on Abenomics My friend “BC” writes . … Minsky noted that 'euphoria' might develop at this stage. Investors  … [...]

Fixing Japan's deflation requires labour-market reforms | vox

Abenomics is all the rage. Japan's GDP grew at an annual rate of 3.5% in the first quarter, the stock market went up by almost 30% since December, and despite some uncertainties, sentiments, consumption, and exports are  … [...]

For the time being—and maybe a while longer—Japan is stuck with …

Despite a new batch of promising data out of Japan on Friday, deflation —a key part of the destructive economic spiral that Prime Minister Shinzo Abe has vowed to reverse—stubbornly persisted. Core consumer prices fell … [...]

Eurozone risks Japan-style trap as deflation grinds closer | count …

Proverbs 9:8 Do not rebuke a mocker or he will hate you; rebuke a wise man and he will love you. Instruct a wise man and he will be wiser still; teach a righteous man and he will add to his learning (by count down to zero [...]

Killer Cost: The mainstream take

Success of the Keynesian-Neoclassical synthesis eclipsed the debt- deflation hypothesis until Minsky in 1974 retrieved it to shape his own financial instability hypothesis. Minsky supported a view that the business cycle was a … [...]

Japan attempts to slay deflation dragon — RT Business

RT is the first Russian 24/7 English-language news channel which brings the Russian view on global [...]

The Economics Forum 21: The Minsky Moment: How Paul Krugman …

A ” Minsky Moment” in which both the lender (“patient capitalist”) and the borrower (“impatient capitalist”) finally realise that theirs is sheer “speculation” and that the “profits” they anticipated from production are not going to materialise …. But Krugman simply “has” to confront this problem – and he does, as we saw, when he acknowledges that “debt-deleveraging” (or Fisherian debt- deflationary ) “shocks” occur when our dear “patient and impatient” capitalists “suddenly … [...]

Japan's desperate, dangerous experiment — RT Op-Edge

Moreover, as developed more and more technology in recent years, Japan encountered deflation as increasingly efficient services and products led to prices declining – just like the USA during the latter part of the 19th century … [...]