Not exact matches
[16:00] Pain + reflection = progress [16:30] Creating a meritocracy
to draw the best out of everybody [18:30] How
to raise your probability of being right [18:50] Why we are conditioned
to need
to be right [19:30] The neuroscience factor [19:50] The habitual and environmental factor [20:20] How
to get
to the other side [21:20] Great collective decision -
making [21:50] The 5 things you need
to be successful [21:55] Create audacious goals [22:15] Why you need problems [22:25] Diagnose the problems
to determine the root causes [22:50] Determine the design for what you will do about the root causes [23:00] Decide
to work with people who are strong where you are weak [23:15] Push through
to results [23:20] The loop of success [24:15] Ray's new instinctual approach
to failure [24:40] Tony's ritual after every event [25:30] The review that
changed Ray's outlook on leadership [27:30] Creating new
policies based on fairness and truth [28:00] What people are missing about Ray's culture [29:30] Creating meaningful work and meaningful relationships [30:15] The importance of radical honesty [30:50] Thoughtful disagreement [32:10] Why it was the relationships that
changed Ray's life [33:10] Ray's biggest weakness and how he overcame it [34:30] The jungle metaphor [36:00] The dot collector — deciding what
to listen
to [40:15] The wanting of meritocratic decision -
making [41:40] How
to see bubbles and busts [42:40] Productivity [43:00] Where we are in the cycle [43:40] What the
Fed will do [44:05] We are late in the long - term debt cycle [44:30] Long - term debt is going
to be squeezing us [45:00] We have 2 economies [45:30] This year is very similar
to 1937 [46:10] The top tenth of the top 1 % of wealth = bottom 90 % combined [46:25] How this creates populism [47:00] The economy for the bottom 60 % isn't growing [48:20] If you look at averages, the country is in a bind [49:10] What are the overarching principles that bind us together?
Furthermore, the
Fed would like
to adhere
to the so - called «Taylor Rule» (in spite of Professor Taylor's protestations that it is misinterpreting and misusing his concept), a mathematical construct that purports
to make monetary
policy more «scientific» by establishing an arithmetic rule for varying the administered interest rate according
to the variance of «actual from target inflation» (note that «inflation» refers
to the
change in a price index in this case, not the phenomenon of inflation of the money supply as such), as well as the variance of economic output from «potential output» (i.e, the so - called «output gap» is incorporated in the formula as well).
In an exclusive interview with The Globe and Mail on the heels of the
Fed's monetary -
policy decision Tuesday - in which the central bank took a small step back into re-investing some of its own balance sheet
to ease monetary conditions - the influential bond manager gave a vote of confidence
to the
Fed's strategy, criticized the Obama administration and Congress for a their lack of innovation and leadership, and argued that unless big government -
policy changes are
made, the United States faces years of economic stagnation.
Be wary of major
changes in monetary
policy which will be the
Fed's attempt
to make the transition
to private market credit creation.
Still, it's useful
to remember that the
Fed has stated it expects
to begin
to change policy at some point in mid-2015, and absent emergencies,
makes policy changes only at its regular FOMC meetings, usually every six weeks or so.
And remember, they have reached this stratospheric levels despite the Paulson rescue package, despite an alphabet soup of new
Fed facilities that accept GSE paper as collateral (as the discount window did) now in place (although there were raspberries all around for the bailout bill, due
to its failure
to make any
changes in the operation, management, or
policies of the GSEs and its lack of specificity as
to triggers and what mechanism would be used).
The
Fed's announcement Wednesday, following a two - day
policy -
making committee meeting, did not
make clear when or how it will
make changes to its stimulus program when it does decide
to act, The New York Times reports.