Do You Have A Licence For Your Minsky ? | Tim Price | Stockopedia
But since the causes of the 1987 Crash continue to be debated (although the inherently flawed concept of portfolio insurance is widely deemed responsible), it is probably naive to expect to come to any definitive conclusion about last … They did so by assessing the intrinsic value of gold in dollar terms, something they called “The Shadow Gold Price”. They assumed that Federal Reserve Bank liabilities were exchangeable into gold and then divided the dollar amount of …
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