Latest / Eurodollar University
Stock crash and bank failures, yet there wasn't a second Great Depression. But why not?
Are #stocks a useful indicator of #recession? How about #depression? If they were, they can't explain how there wasn't a Great Depression 2 in the late 80s. After all, there were hundreds of #bank failures especially after the Crash of '87. Yet, we remember that period of time fondly as the Great "Moderation", a prolonged age of unrivaled global prosperity. The differences btw the 80s and 30s tell us a lot about our chances in the 20s.
Eurodollar University's Money & Macro Analysis
FOMC Conference Call Transcript
Oct 20, 1987…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.