Suncor Energy Inc T.SU

The long and variable lag

[Obscure1]

good video....a couple of pretty interesting insights on the timing of the recession and the lost generation of home buyers

[Torontojay]

More and more people should follow Milton Friedman advice. His quote that Monetary Policy works with long and variable lags is a classic one.  - increase money supply, then 12-24 months you get inflation plus some real economic growth as people spend more. In other words, the money velocity increases as well.  In general, gdp tends to follow the growth rate in the money supply. The

[Experienced]

Thanks jay... Was going to make a similar comment - without the math....lol Short anecdote about Milton Friedman. Milton was a strong proponent of devloping the skill in his students to be able to explain complex things in a short and simple way.  As a sidebar it is one of the reasons I use analogies a lot.  Anyway, Milt was famous on an exam to say that his students had to answer the

[Experienced]

There is another aspect to the problems facing the US Fed and also has implications for investing. Back in the day when I was a student and in the early days of my investment life, international trade accounted for abut 10% of the US GDP.  In this envirnoment, US policy makers including the Fed didn't really have to worry much about the what was going on in the rest of the world since