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“In a way, continued prosperity and stability in itself is destabilizing leading to riskier lending as the asset prices of collateral decline. This is the essence of Minsky’s take on financial markets.”
“Itâ€™s clearly the playbook for our modern markets, where we are trained by the Nudging Fed and the Nudging Street. We are Clever Hans, dutifully hanging on every word and signal from Janet or Mario or Goldman or Merrill as we stomp out our investment behavior.”
“Realizing and accepting this has made me â€” an eminently replaceable, untenured, gay, mixed-race woman with PTSD â€” realize that no matter the precariousness of my situation, I have a responsibility to model the appreciation of difference and care of thought I try to foster in my students.”
Maybe Lou Dobbs changed his mind, or maybe Trump held another straw poll, or maybe he just woke up on the “Powell side” of the bed this morning, but according to sources who spoke to Bloomberg, Jerome is going to get the job.