A good monetary asset has the following properties: it can be stored for a long time, it is easy to transport, it can be easily exchanged, it can be divided into smaller units, the monetary units are limited, equivalent and difficult to counterfeit.
Not exact matches
In the grander scheme of things, and as a red flag, this is another
asset class that has enormously benefited from
asset price inflation, stirred up by the Fed's
well - targeted
monetary policies since the Financial Crisis.
Also, notwithstanding a silly fiscal policy and the ongoing political impasse, the U.S. economy has some very
good things going for it now, as even king of doom, Nouriel Roubini, couldn't help but note: the Fed is going to stick to its
asset - buying regime for the foreseeable future, providing a
monetary protein shake the recovery still very much needs; the housing rebound is
well on its way, which is helping Americans rebuild their wealth and is boosting employment in many states with high jobless rates; and the shale oil and gas revolution continues to power investment, job creation and revenue growth.
In other words, if you tighten
monetary policy, certainly by more than is discounted in the market — and what's discounted in the market is very minor rising market — that will reverberate through
asset class prices, as
well as then you can have a situation in terms of the economy.
The
assets that, until recently, made her look like the obvious choice to succeed Bernanke — being a Fed veteran, having intimate knowledge of QE and forward guidance, a
well - known stance on
monetary policy and a scholarly focus on unemployment — now seem like weapons to fight the battle of yesteryear.
A growth agenda may be
good for equities, but the untethering of the
monetary policy experiment may not be
good for equities, and there may be some ambiguity as to what this means for risk
assets and portfolios.
Advanced and developing economies have done a
good job managing the implications of unconventional
monetary policies, she said, using a phrase that often describes
asset purchases by a central bank to support growth.
In the press conference that followed the
monetary - policy meeting, the president of Europe's central bank, Mario Draghi, stated that interest rates will remain at current levels
well past the end of the bank's
asset - purchase program, carried out along with reinvesting principle payments from maturing securities.
«While
monetary policy will remain extremely easy, low rates by themselves do not guarantee that risk
assets will perform
well, especially since profit margins are extremely high (i.e. the risk is to the downside).
We see central banks nearing the limits of extraordinary
monetary easing, low returns across most
asset classes as
well as higher equity and bond volatility amid looming political risks and Federal Reserve (Fed) tightening.
Indeed, Powell, in his January address to the American Finance Association, argued that, with regard to the impact of «highly accommodative
monetary policies,... studies generally show that they lowered rates across the curve and moved other
asset prices as
well.»
Real estate is local though prices are also impacted by national and global factors — such as
monetary policies and offshore investors who consider US housing as an
asset class and escape route — as
well as by local factors.
The interviewer typically asks me about specific securities,
asset allocation, economic backdrop as
well as the impact of events (e.g., central bank
monetary policy, mid-term elections, tax reform, etc.) This year, at the tail end of the interview, I fielded an atypical query.
The reason for the bubble in «risk
assets» as
well as for the poor performance of the real economy:
monetary pumping on an unprecedented scale in the modern era — click to enlarge.
Or will «too - low - for - too - long»
monetary manipulation eventually lead to a credit bust — one with adverse effects for
asset prices as
well as economic growth?
In their initial offering of three different tokens that are tradable on the decentralized, bitcoin blockchain as a cross-platform,
monetary asset and TCG element, as
well as summonable in the game's current version for a multitude of purposes, players will crowdfund the expansion of the game's initial RPG element into a multiplayer, multi-level game.