Just What I Said

Caroline Baum 지음

Bloomberg Press 2010년 05월 21일 출간

작품소개

책소개

Not for nothing do her initials also stand for quot;Central Bank.quot; For nearly two decades, Caroline Baum has produced incisive commentary on central bank policy, the ebbs and flows of the economy, and how they influence the bond market. Her much sought-after, real-time analysis is read by a devoted audience on the BLOOMBERG PROFESSIONAL service within seconds after it appears. The word on the Street is that reading Caroline Baum is an economic education in itself.This selection from her more than 1,300 Bloomberg News columns, arranged by major themes and with new introductions by the author, condenses and organizes that wisdom for the first time in print form.

목차

PrefaceAcknowledgments.Introduction.1 Ye of Little Faith.Why the Federal Reserve gets so much attention, yet so little credit, for the outcomes it effects.2 The Bubble, or This Time Really Is Different!Like terminally ill patients, the late 1990s bubble in technology and Internet stocks passed through the five stages of dying: denial, anger, bargaining, depression, acceptance. It didn't turn out any better for the market.3 Still Nonsense After All These Years.Driving a stake through the heart of popular delusions: Why acts of God aren't good for growth, costs don't push up inflation, and demand in the economy isn't finite.4 Myths Under the Microscope.Repeating something often enough doesn't make it true. You'd never know it from the misconceptions that survive about tax cuts, trade, and liquidity traps.5 First Principles.How the Pilgrims learned about the value of incentives, and how backyard birding sheds light on the law of supply and demand.6 Understanding the Yield Curve.One rate is set by the central bank, the other by the market. The message couldn't be simpler, which is probably why most economists ignore it.7 The "Political" Economy.What happens when the heavy hand of government tries to intrude on the invisible hand of the market.8 Sir Alan.To some, he's a man for all seasons, a knight for all ages. To others, he's the emperor with no clothes. His day job is chairman of the Federal Reserve Board.9 What Would We Do Without a Dollar Policy?How an insipid slogan morphed into a policy, and why we are stuck with it.10 Off the Charts.Sexagenarians bracket the big bull market in bonds, while technical traders are blindsided by the canoe over the waterfall.11 Odd Ducks.It's a challenge to ring out the year on a creative note, but sniffing out a shaggy dog story from Petsmart is a slam dunk.12 Oil Things to Oil Peopl

출판사 서평

"Among her rarefied and demanding readership she has earned a reputation for timeliness, originality, knowledge, and--believe it or not--wit. How has she pulled it off? She's a reporter first and an analyst second, which means she actually knows what she&-s talking about, and this allows her to cut the columnizer smoke blowing to a bare minimum. She knows everybody, and fears nobody. Most important of all, she has a strong point of view, best tagged as 'classical liberal,' which equips her with a refreshing impatience with cant and self-serving obfuscation." (The Weekly Standard, 10/31/05)

작가정보

저자(글) Caroline Baum

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Caroline Baum has been a columnist at Bloomberg News since 1998. She has been writing about the economy and the bond market since 1987. In 2004 and 2005, she received first-place National Headliner Awards in the wire service/commentary category.