POPULARITY
Hamilton Helmer is one of the world's leading experts on business strategy and the author of the seminal book 7 Powers: The Foundations of Business Strategy, which provides a comprehensive framework for understanding what it really takes to achieve and sustain a competitive advantage. With more than three decades of experience in the strategic consulting industry, Hamilton has advised over 200 companies—from burgeoning startups to Fortune 100 giants—on how to identify, build, and leverage their unique strategic powers. In our conversation, we discuss:• Potential sources of power that startups should develop from an early stage• Common misconceptions among companies about the types of power they possess• How power relates to strategy• The difference between a moat and a power• Practical strategies for non-leaders to leverage insights about power and strategy in their work• AI's impact on competitive advantages and barriers to entry—Brought to you by:• WorkOS—Modern identity platform for B2B SaaS, free up to 1 million MAUs• Vanta—Automate compliance. Simplify security• Paragon—Ship every SaaS integration your customers want—Find the transcript and references at: https://www.lennysnewsletter.com/p/business-strategy-with-hamilton-helmer—Where to find Hamilton Helmer:• X: https://twitter.com/hamiltonhelmer• LinkedIn: https://www.linkedin.com/in/hamilton-helmer-42983/• Website: https://7powers.com/—Where to find Lenny:• Newsletter: https://www.lennysnewsletter.com• X: https://twitter.com/lennysan• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/—In this episode, we cover:(00:00) Hamilton's background(04:08) When power becomes important(08:24) How strategy relates to power(12:09) How power informs strategy(14:46) The sequence of powers(21:13) Common misconceptions(24:39) Network effects vs. network economies(26:58) Uber's success(29:16) Moats vs. powers(31:12) Strategies for non-leaders to leverage power and strategy(37:51) Advice on how to become a strategic thinker(39:27) AI's impact on the seven powers(45:43) Why moving fast is not a power(50:24) Three things that create value in a company(51:16) The debt trajectory of the U.S.(56:35) Optimism for the future(59:25) Lightning round—Referenced:• 7 Powers: The Foundations of Business Strategy: https://www.amazon.com/7-Powers-Foundations-Business-Strategy/dp/0998116319• John von Neumann: https://en.wikipedia.org/wiki/John_von_Neumann• Pearl Harbor: https://www.history.com/topics/world-war-ii/pearl-harbor• Where the Japanese Went Wrong at Pearl Harbor: https://pearlharbor.org/blog/where-japanese-went-wrong-pearl-harbor/• The ‘7 Powers' of business success—from one of Netflix's early investors: https://www.qualitycompounders.com.au/post/the-7-powers-of-business-success-from-one-of-netflix-s-early-investors• 7 Powers: Foundations of Business Strategy (Key Takeaways): https://www.linkedin.com/pulse/7-powers-foundations-business-strategy-key-takeaways-nikita-maloo/• Strategy Capital: https://strategycapital.com/• Warren Buffett: https://www.forbes.com/profile/warren-buffett/• Charlie Munger: https://www.forbes.com/profile/charles-munger/• Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munger: https://www.stripe.press/poor-charlies-almanack• Bill Gates reveals why Warren Buffett was an invaluable source of support during the stormiest period of his career: https://www.businessinsider.com/bill-gates-interview-warren-buffett-support-microsoft-antitrust-lawsuit-2019-6• Billionaire Warren Buffett's Secret Love Affair With Castles, Revealed: https://www.thestreet.com/opinion/billionaire-warren-buffett-s-secret-love-affair-with-castles-revealed-14290973• Netflix didn't kill Blockbuster—how Netflix almost lost the movie rental wars: https://www.cnbc.com/2020/09/22/how-netflix-almost-lost-the-movie-rental-wars-to-blockbuster.html• Michael Porter on LinkedIn: https://www.linkedin.com/in/professorporter/• What Is Strategy?: https://hbr.org/1996/11/what-is-strategy• TSMC: https://www.tsmc.com/english• Toyota Production System: https://en.wikipedia.org/wiki/Toyota_Production_System• America will be left with ‘severe, irreversible scars' if national debt goes unchecked. Now, a blockbuster report warns the bill is higher than believed, hitting $141T by 2054: https://fortune.com/2024/04/01/america-social-economic-scars-us-debt-gomes-price/• Ben S. Bernanke: https://www.federalreservehistory.org/people/ben-s-bernanke• Forty-four of 50 U.S. states worsen inequality with ‘upside-down' taxes: https://www.theguardian.com/us-news/2024/jan/10/states-wealth-inequality-taxes• Joseph A. Schumpeter: https://en.wikipedia.org/wiki/Joseph_Schumpeter• Theory of Economic Development: https://www.amazon.com/Theory-Economic-Development-Science-Classics/dp/0878556982• The Road to Reality: A Complete Guide to the Laws of the Universe: https://www.amazon.com/Road-Reality-Complete-Guide-Universe/dp/0679776311• The Gene: An Intimate History: https://www.amazon.com/Gene-Intimate-History-Siddhartha-Mukherjee/dp/147673352X• American Fiction on Prime Video: https://www.amazon.com/American-Fiction-Jeffrey-Wright/dp/B0CQKR72NX• Farahan Sarouk rugs: https://nazmiyalantiquerugs.com/persian-sarouk-farahan-rugs/• Rory Sutherland on LinkedIn: https://www.linkedin.com/in/rorysutherland• Ogilvy: https://www.ogilvy.com/• Clint Eastwood quote: https://www.brainyquote.com/quotes/clint_eastwood_168005• Winston Churchill: https://en.wikipedia.org/wiki/Winston_Churchill• Michelangelo, God's Architect: The Story of His Final Years and Greatest Masterpiece: https://www.amazon.com/Michelangelo-Gods-Architect-Greatest-Masterpiece/dp/0691195498• The Last Judgment: https://en.wikipedia.org/wiki/The_Last_Judgment_(Michelangelo)• Theodore Roosevelt: https://www.whitehouse.gov/about-the-white-house/presidents/theodore-roosevelt/—Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.—Lenny may be an investor in the companies discussed. Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe
Chapter 1 What's The Courage to Act Book by Ben S. Bernanke"The Courage to Act" is a book written by Ben S. Bernanke, the former Chairman of the Federal Reserve. In this book, Bernanke reflects on his experiences during the financial crisis of 2007-2008 and explains the decisions and actions taken by the Federal Reserve to stabilize the economy and prevent a complete collapse. He provides insights into the challenges he faced, the strategies he employed, and the lessons learned from one of the most tumultuous periods in recent economic history. The book offers a behind-the-scenes look at the Federal Reserve's response to the crisis and sheds light on the complexities of managing the economy in times of crisis.Chapter 2 Is The Courage to Act Book A Good BookThe Courage to Act: A Memoir of a Crisis and Its Aftermath by Ben S. Bernanke is generally considered a good book. Bernanke, who served as the Chairman of the Federal Reserve during the 2008 financial crisis, provides a firsthand account of the events leading up to and following the crisis. The book offers valuable insights into the actions taken by policymakers to stabilize the economy and prevent a complete collapse. Overall, it is praised for its accessibility, clarity, and relevance to current economic issues. If you are interested in learning more about the financial crisis and the strategies used to address it, this book may be worth reading.Chapter 3 The Courage to Act Book by Ben S. Bernanke Summary"The Courage to Act: A Memoir of a Crisis and Its Aftermath" is a book written by Ben S. Bernanke, the former Chairman of the Federal Reserve. In this memoir, Bernanke recounts his experiences during the financial crisis of 2008 and the actions taken by the Federal Reserve to address the crisis and prevent a complete economic collapse.Throughout the book, Bernanke provides insight into the decisions made by the Federal Reserve and the challenges they faced in responding to the crisis. He reflects on the difficult choices he had to make, including implementing unconventional monetary policies such as quantitative easing, to stabilize the economy and restore confidence in the financial system.Bernanke also discusses the aftermath of the crisis and the steps taken to prevent future crises. He emphasizes the importance of maintaining the independence of the Federal Reserve and the need for effective regulation and oversight of the financial sector.Overall, "The Courage to Act" offers a detailed and personal account of one of the most challenging periods in recent economic history, providing valuable lessons for policymakers and individuals alike. Bernanke's memoir serves as a reminder of the importance of decisive action and courage in the face of adversity. Chapter 4 The Courage to Act Book AuthorBen S. Bernanke is an economist and former chairman of the Federal Reserve. He released "The Courage to Act: A Memoir of a Crisis and Its Aftermath" in October 2015. Other books written by Ben S. Bernanke include:1. "Essays on the Great Depression" (2000)2. "The Federal Reserve and the Financial Crisis" (2013)In terms of editions, "The Courage to Act" is considered the best of Bernanke's books, as it provides an insider's account of the financial crisis of 2008 and the actions taken by the Federal Reserve to stabilize the economy.Chapter 5 The Courage to Act Book Meaning & ThemeThe Courage to Act Book Meaning"The Courage to Act" is a book written by Ben S. Bernanke, the former Chairman of the Federal...
Nghe trọn nội dung sách nói Dám Hành Động trên ứng dụng Voiz FM: https://voiz.vn/play/2145 Một cái nhìn “người trong cuộc” về hành trình chiến đấu chống lại cuộc khủng hoảng kinh tế chỉ đứng sau Đại Khủng hoảng về quy mô. Năm 2006, Ben S. Bernanke được bổ nhiệm làm Chủ tịch Cục Dự trữ Liên bang (FED), đỉnh cao bất ngờ của hành trình cá nhân từ thị trấn nhỏ Nam Carolina đến những cuộc gặp gỡ học thuật uy tín và cuối cùng là dịch vụ công tại hội trường quyền lực của Washington. Làm việc dưới hai thời tổng thống đúng vào thời điểm nền kinh tế Mỹ đang rơi vào khủng hoảng tài chính trầm trọng, Ben S. Bernanke đã dẫn dắt FED – và cùng các đồng nghiệp trong Bộ Tài chính ổn định thành công một hệ thống tài chính đang lên. Với sự sáng tạo và quyết đoán, họ đã ngăn chặn sự sụp đổ kinh tế ở quy mô không tưởng và tiếp tục xây dựng các chương trình không chính thống giúp vực dậy nền kinh tế Mỹ và trở thành mô hình cho các quốc gia khác. Một cuốn sách súc tích, chi tiết, đáng đọc đối với bất cứ ai quan tâm đến tài chính và kinh tế. Tại ứng dụng sách nói Voiz FM, sách nói Dám Hành Động được đầu tư chất lượng âm thanh và thu âm chuyên nghiệp, tốt nhất để mang lại trải nghiệm nghe tuyệt vời cho bạn. --- Về Voiz FM: Voiz FM là ứng dụng sách nói podcast ra mắt thị trường công nghệ từ năm 2019. Với gần 2000 tựa sách độc quyền, Voiz FM hiện đang là nền tảng sách nói podcast bản quyền hàng đầu Việt Nam. Bạn có thể trải nghiệm miễn phí đa dạng nội dung tại Voiz FM từ sách nói, podcast đến truyện nói, sách tóm tắt và nội dung dành cho thiếu nhi. --- Voiz FM website: https://voiz.vn/ Theo dõi Facebook Voiz FM: https://www.facebook.com/VoizFM Tham khảo thêm các bài viết review, tổng hợp, gợi ý sách để lựa chọn sách nói dễ dàng hơn tại trang Blog Voiz FM: http://blog.voiz.vn/ --- Cảm ơn bạn đã ủng hộ Voiz FM. Nếu bạn yêu thích sách nói Dám Hành Động và các nội dung sách nói podcast khác, hãy đăng ký kênh để nhận thông báo về những nội dung mới nhất của Voiz FM channel nhé. Ngoài ra, bạn có thể nghe BẢN FULL ĐỘC QUYỀN hàng chục ngàn nội dung Chất lượng cao khác tại ứng dụng Voiz FM. Tải ứng dụng Voiz FM: voiz.vn/download #voizfm #sáchnói #podcast #sáchnóiDámHànhĐộng #BenSBernanke
Một cái nhìn từ “người trong cuộc” về hành trình chiến đấu chống lại cuộc khủng hoảng kinh tế chỉ đứng sau Đại Khủng hoảng về quy mô.Năm 2006, Ben S. Bernanke được bổ nhiệm làm Chủ tịch Cục Dự trữ Liên bang (FED), đỉnh cao bất ngờ của hành trình cá nhân từ thị trấn nhỏ Nam Carolina đến những cuộc gặp gỡ học thuật uy tín và cuối cùng là dịch vụ công tại Washington quyền lực.Làm việc dưới hai thời tổng thống đúng vào thời điểm nền kinh tế Mỹ đang rơi vào khủng hoảng tài chính trầm trọng, Ben S. Bernanke đã dẫn dắt FED cùng các đồng nghiệp trong Bộ Tài chính ổn định thành công một hệ thống tài chính đang lên. Với sự sáng tạo và quyết đoán, họ đã ngăn chặn sự sụp đổ kinh tế ở quy mô không tưởng và tiếp tục xây dựng các chương trình không chính thống giúp vực dậy nền kinh tế Mỹ và trở thành mô hình mẫu cho các quốc gia khác noi theo.Một cuốn sách súc tích, chi tiết, đáng đọc đối với bất cứ ai quan tâm đến tài chính và kinh tế.--Về Fonos:Fonos là Ứng dụng âm thanh số - Với hơn 3.000+ nội dung gồm Sách nói có bản quyền, Ebook, Tóm tắt sách, Thiền định, Truyện ngủ, Nhạc chủ đề, Truyện thiếu nhi. Tất cả chương 1 đều miễn phí, tải app ngay: https://fonos.link/PCFonos--Tìm hiểu thêm về Fonos: https://fonos.vn/Theo dõi Facebook Fonos: https://www.facebook.com/fonosvietnam/
每天早晨8:30 讓我們一起解讀財經時事 參加財經皓角會員 : https://yutinghao.finance 主持人:游庭皓(經濟日報專欄作家、小一輩財經人話翻譯機) 音頻收聽請在Podcast或Soundcloud搜尋『游庭皓的財經皓角』 Telegram: https://t.me/yu_finance 我的粉絲專頁:https://reurl.cc/n563rd 網站參加會員手冊 https://reurl.cc/0Xlnob 歡迎來信給小編幫您處理 jackieyutw@gmail.com """"" 打賞網址 :https://p.ecpay.com.tw/B83478D """"" 書名:救火 作者: 班.柏南克, 提摩西.蓋特納, 亨利.鮑爾森 原文作者: Ben S. Bernanke, Timothy F. Geithner, Henry M. Paulson Jr. 譯者: 林曉欽 出版社:今周刊 出版日期:2023/04/27 https://reurl.cc/b7ZRW3 (YT抽書的朋友要公開訂閱我們財經皓角頻道唷♥️) (FB抽書的朋友要公開分享直播影片+您想要抽書留言♥️) 《早晨財經速解讀》是游庭皓的個人知識節目,針對財經時事做最新解讀,開播於2019年7月15日,每日開盤前半小時準時直播。議題從總體經濟、產業動態到投資哲學,信息量飽滿,為你顛覆直覺,清理投資誤區,用更寬廣的角度帶你一窺投資的奧秘。 免責聲明:《游庭皓的財經皓角》頻道為學習型頻道,僅用於教育與娛樂目的,無任何證券之買賣建議。任何形式的投資皆涉及風險,投資者需進行自己的研究,持盈保泰。
每天早晨8:30 讓我們一起解讀財經時事 參加財經皓角會員 : https://yutinghao.finance 主持人:游庭皓(經濟日報專欄作家、小一輩財經人話翻譯機) 音頻收聽請在Podcast或Soundcloud搜尋『游庭皓的財經皓角』 Telegram: https://t.me/yu_finance 我的粉絲專頁:https://reurl.cc/n563rd 網站參加會員手冊 https://reurl.cc/0Xlnob 歡迎來信給小編幫您處理 jackieyutw@gmail.com 書名:柏南克談聯準會 作者: 柏南克 原文作者: Ben S. Bernanke 譯者: 洪慧芳 出版社:感電出版 出版日期:2022/11/30 https://reurl.cc/WqOZ19 (YT抽書的朋友要公開訂閱我們財經皓角頻道唷♥️) (FB抽書的朋友要公開分享直播影片+您想要抽書留言♥️) 《早晨財經速解讀》是游庭皓的個人知識節目,針對財經時事做最新解讀,開播於2019年7月15日,每日開盤前半小時準時直播。議題從總體經濟、產業動態到投資哲學,信息量飽滿,為你顛覆直覺,清理投資誤區,用更寬廣的角度帶你一窺投資的奧秘。 免責聲明:《游庭皓的財經皓角》頻道為學習型頻道,僅用於教育與娛樂目的,無任何證券之買賣建議。任何形式的投資皆涉及風險,投資者需進行自己的研究,持盈保泰。
HOUR 1Ukraine attacks Putin's beloved Kerch Bridge, which connects the Russian mainland to the Russian-occupied Crimean Peninsula / (MB) https://www.morningbrew.com/daily/stories/2022/10/09/explosion-on-bridge-to-crimea-a-tactical-and-symbolic-blow-to-putin?Russia retaliates against Ukraine by bombing Kyiv / (USA Today) https://www.usatoday.com/story/news/world/2022/10/10/ukraine-russia-war-live-updates/8232860001/5 years after the "MeToo" Movement began / (MB) https://www.morningbrew.com/daily/stories/2022/10/09/5-years-after-metoo-spread-weinstein-back-on-trial?Older mobile homes are acutely vulnerable to hurricanes and tornadoes / (NPR) https://www.npr.org/2022/10/09/1127714293/hurricane-ian-older-mobile-homes-florida-destroyedProducer Dylan reminisces about his family during Hurricane Katrina The Nobel Memorial Prize in Economic Sciences was awarded to Ben S. Bernanke, the former Federal Reserve chair, Douglas W. Diamond, an economist at the University of Chicago, and Philip H. Dybvig at Washington University in St. Louis / (NYT) https://www.nytimes.com/live/2022/10/10/business/nobel-prize-economics#nobel-prize-economics-winnerRussia's Putin targets 10 cities to bomb in retaliation for the weekend bridge destruction / (NYT) https://www.nytimes.com/live/2022/10/10/world/russia-ukraine-war-news?Some Anchorage schools likely to close / (ADN) https://www.adn.com/alaska-news/education/2022/10/08/school-closures-likely-as-anchorage-school-district-reckons-with-a-budget-crisis/HOUR 2Alaska campaigns are ramping up ad Gubernatorial candidate Charlie Pierce resurfaces / (ADN) https://www.adn.com/politics/2022/10/09/alaska-campaign-roundup-pierce-resurfaces-al-gross-returns-to-the-political-scene-and-outside-group-holds-rally-for-palin-and-tshibaka/Suicide rates growing in the U.S. military ranks and management studying more / (ADN) https://www.adn.com/nation-world/2022/10/10/as-suicides-rise-us-military-seeks-to-address-mental-health/Hit and Run in East Anchorage / (ANS) https://www.alaskasnewssource.com/2022/10/10/hit-run-leaves-one-with-life-threatening-injuries/Dylan and Tom talk vehicle wrecks in their history
21st Century Monetary Policy takes readers inside the Federal Reserve, explaining what it does and why. In response to the COVID-19 pandemic, the Federal Reserve deployed an extraordinary range of policy tools that helped prevent the collapse of the financial system and the U.S. economy. Chair Jerome Powell and his colleagues lent directly to U.S. businesses, purchased trillions of dollars of government securities, pumped dollars into the international financial system, and crafted a new framework for monetary policy that emphasized job creation. These strategies would have astonished Powell's late-20th-century predecessors, from William McChesney Martin to Alan Greenspan, and the advent of these tools raises new questions about the future landscape of economic policy. In 21st Century Monetary Policy, Ben S. Bernanke―former chair of the Federal Reserve and one of the world's leading economists―explains the Fed's evolution and speculates on its future. Taking a fresh look at the bank's policymaking over the past seventy years, including his own time as chair, Bernanke shows how changes in the economy have driven the Fed's innovations. He also lays out new challenges confronting the Fed, including the return of inflation, cryptocurrencies, increased risks of financial instability, and threats to its independence. Beyond explaining the central bank's new policymaking tools, Bernanke also captures the drama of moments when so much hung on the Fed's decisions, as well as the personalities and philosophies of those who led the institution.
The Russian invasion of Ukraine is first and foremost a human tragedy, but it is also having an economic impact. What effect is the conflict having on the euro area? And how might the economic situation develop? Our host Katie Ranger discussed these questions with economist João Sousa in this episode of The ECB Podcast. The views expressed are those of the speaker and not necessarily those of the European Central Bank. Recorded on 22 March 2022 and published on 26 March 2022. In this episode: 1:30 – The euro area economy before the war The state of the euro area before the outbreak of the war in Ukraine, and how it was recovering from the pandemic. 04:32 – The war's impact on trade How bans on Russian imports and exports affect trade, and the potential impact of supply chain disruptions caused by the conflict. 08:50 – The war's impact on commodities Why the war is affecting the prices of commodities such as oil, gas and food. 10:14 – The war's impact on global confidence How the fear and uncertainty brought about by the war in Ukraine are dampening confidence and affecting our economy. 12:51 – The war and inflation What is behind the current rise in inflation, including the role of energy and food prices. 18:33 – Our projections for the euro area economy How we see our economy faring in the future and what the different scenarios we looked at are. 25:34 – Our guest's tip for further reading on the topic Additional material: Macroeconomic projections, March 2022 https://www.ecb.europa.eu/pub/projections/html/index.en.html ECB staff macroeconomic projections for the euro area – full report, March 2022 https://www.ecb.europa.eu/pub/projections/html/ecb.projections202203_ecbstaff~44f998dfd7.en.html ECB Monetary policy statement, 10 March 2022 https://www.ecb.europa.eu/press/pressconf/2022/html/ecb.is220310~1bc8c1b1ca.en.html Speech delivered by Ben S. Bernanke at the 32nd Annual Economic Policy Conference, Federal Reserve Bank of St. Louis, 19 October 2007 https://www.federalreserve.gov/newsevents/speech/bernanke20071019a.htm European Central Bank website www.ecb.europa.eu You can also listen to The ECB Podcast on SoundCloud, Spotify, Deezer, Stitcher, YouTube, Amazon Music and many more pod.link/ecbpodcast
O segundo dia da Expert XP 2021 foi marcado pela Renda Variável. Fundos imobiliários, private equity, fundos long biased e IPO's foram alguns dos destaques do dia. O cenário econômico para o pós pandemia também foi tema de palestra.Os especialistas da Monte Bravo trazem os destaques e analisam o segundo dia do maior evento de finanças do mundo. O Sócio e Head de Relações Institucionais da Monte Bravo, Rodrigo Franchini; Thayse Baronio, sócia, assessora de investimentos e Planejadora financeira CFP, Matheus Nery, banker na Monte Bravo e Gabriel Almeida, operador da mesa de renda variável da Monte Bravo, discutem os principais insights de negócio e economia para empreendedores e investidores. A apresentação é da jornalista Aline Scherer.O segundo dia de Expert XP trouxe nomes relevantes da economia mundial, como Bob McCooey, Chefe Global de Mercado de Capitais da Nasdaq; Mohamed A. El-Erian, presidente do Queens College e Assessor Econômico Chefe da Allianz e Ben S. Bernanke, ex-Presidente da Reserva Federal dos Estados Unidos. Grandes nomes do esporte também estiveram presentes, como Marta Silva, a maior jogadora de futebol do mundo e Pep Guardiola, treinador do Manchester City.Siga a Monte Bravo nas redes sociais: @montebravoinvestimentos no Instagram.O Expert Insights é um podcast que reúne um resumo e análise das mais de 100 horas de conteúdo da Expert XP, o maior evento de finanças do mundo.
GeneralSubscribe to Fully Vested at FullyVested.co or through your podcast app of choice.ZIRP Has Been Eating The WorldZIRP explains the worldMore about ZIRPMarket Edges Toward Euphoria, Despite Pandemic’s Toll (Matt Phillips for The New York Times)How Do Interest Rates Affect the Stock Market? (Mary Hall for Investopedia)Zero interest-rate policy (Wikipedia)What Explains the Stock Market’s Reaction to Federal Reserve Policy? (Ben S. Bernanke and Kenneth N. Kuttner in a paper published by the U.S. Federal Reserve in March 2004)ZIRP as possible explanatory variable for some recent trendsIf ZIRP results in both the cost of money being low, and sources of risk-free returns in excess of inflation to dry up, then it follows that the later stages of an economic cycle under ZIRP may be characterized by speculative surges in certain markets and assets.Possible recent events spurred on by ZIRP:Dislocation in the housing market. Rents are down but home prices are up significantly. Derek Thompson's March 5, 2021 article for The Atlantic covers it well.The recent run-up of Bitcoin may be tied to inflation fears brought on by a combination of ZIRP and making the money printer go BRRRRR. What's arguably a speculative bubble in non-fungible tokens is also somewhat exacerbated by so much risk capital coming off the sidelines.The proliferation of (relatively) affordable margin trading for retail investors has likely accelerated the meme stock trend.This said, much like how no individual severe weather event can be tied to global climate change, few if any of these speculative rushes can be directly attributed to ZIRP. But just like how a warming planet is more likely to generate severe weather events with greater frequency, the froth and churn of markets grows choppier under ZIRP.About The Co-HostsJason D. Rowley is a researcher and writer at Golden.com. He volunteers with startup outreach for the open-source community and sends occasional newsletters from Rowley.Report.Graham C. Peck is a Venture Partner with Cultivation Capital and additionally helps companies build technology development teams in partnership with Brightgrove and other technology development organizations.
In June 2007, the 5th largest investment bank on Wall Street, Bear Stearns, announced that its two funds involved in the subprime loan market had suffered significant losses. On July 31st, Bear Stearns announced that the two funds were insolvent. Bank of America (BOA) also lost more than 4 billion dollars as the result of providing payment guarantees for the assets of these two funds. In August, BNP Paribas announced the freezing of three investment funds facing losses in the U.S. subprime market, signaling the subprime crisis had officially arrived like an earthquake. However, this was just the prelude to a more serious global economic crisis. The author of this book, the then Federal Reserve Chairman, Ben S. Bernanke, struggled at the forefront of this economic crisis. Let’s first understand what the Federal Reserve is. The Federal Reserve is the central bank of the United States. It was established in 1913 by the former U.S. President Woodrow Wilson to serve as a "lender of last resort" in case of a financial crisis, lending money to commercial banks to help them weather the crisis. Today, the Board has seven members, including a chairman, a vice-chairman, and five other executive directors. All of them are appointed by the President and confirmed by the Senate to serve fourteen-year terms. This book is Ben Bernanke's memoir of the financial crisis that began in 2007. In this book, Bernanke discloses how the Fed took innovative measures to curb the spread of the financial crisis, and consequently rescued the United States economy from the crisis. The book fully discloses the details of the decision-making process and combs through Bernanke's thinking and introspection on financial policies and financial instruments, which he drew from his in-depth knowledge and wealth of experience as a macro-economist. We have also unlocked another book, Too Big to Fail, which reveals the response of the main regulatory agencies and investment banks in the United States after the financial crisis happened. If you are interested, feel free to go check out that Bookey.
The strong US dollar and low oil prices are unlikely to result in higher inflation and quicker interest rate rises in the US in the near future, where the economy is undergoing a solid and moderate recovery, says Dr. Ben S. Bernanke, former Chairman of the United States Federal Reserve System. Speaking beside the Asian Financial Forum 2016 he also said he believes Hong Kong will play an important role in China’s Belt and Road Initiative.
2011-2012 Season Inaugural Luncheon with Dr. Ben S. Bernanke Chairman Federal Reserve System, Thursday, September 8, 2011.
I am pleased to have the privilege of speaking today to the students and faculty of Morehouse College, the only all-male historically black institution of higher learning in the United States. It is sufficient to note that Martin Luther King, Jr., was a graduate of Morehouse. Yet a roster of distinguished alumni that also includes former Atlanta Mayor Maynard Jackson, former U.S. Surgeon General David Satcher, and filmmaker Spike Lee testifies to the success of your stated mission of "producing academically superior, morally conscious leaders for the conditions and issues of today." My remarks today will focus on the ongoing turmoil in financial markets and its consequence, the global economic recession. The financial crisis, the worst since the Great Depression, has severely affected the cost and availability of credit to both households and businesses. Credit is the lifeblood of market economies, and the damage to our economy resulting from the constraints on the flow of credit has already been extensive. With recent job losses exceeding half a million per month, this year's college graduates are facing the toughest labor market in 25 years. In the communities in which you and I grew up, many families are trying to cope with lost employment and depleted savings or are facing foreclosure on their homes. Firms have shut factories and cancelled construction projects. States and municipalities are scrambling to find the funding to provide critical services. And although we naturally tend to be most aware of conditions in the United States, we should not overlook the impact that the crisis is having virtually everywhere in the world, particularly on many citizens of countries that struggle economically even when the global economy is doing well. In the midst of all of these concerns, many Americans have recently celebrated Easter or Passover. As you may know, a highlight of the traditional Passover meal occurs when the youngest child asks four questions, the answers to which tell the history of the Jews when they were slaves in Egypt and during their exodus to the Promised Land. In the spirit of the holiday, today I will pose and answer four important questions about the financial crisis. Of course, my answers will have to be brief, but we will have more time for additional questions at the conclusion of my prepared remarks.