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Influencing Innovation: The Most Talked About Jackson Hole Paper | ZeroHedge

By Jean-Laurent Cadorel of Exante Data

  • Monetary policy matters in the short-run through its impact on asset prices, demand, and activity;

  • Yet in the long run the economy is assumed to gravitate towards some “natural” rate of activity independent of such monetary actions;

  • A growing number of researchers are asking, however, whether monetary policy can have hysteresis effects and impact the natural rate through innovation activity.

THIS YEAR’S (more…)

Continue ReadingInfluencing Innovation: The Most Talked About Jackson Hole Paper | ZeroHedge

Estimates Of China’s Youth Unemployment Hit 50% | ZeroHedge

By Eric Peters, CIO of One River Asset Management

“The younger generation must inherit and carry forward the spirit of self-reliance, and hard work, abandon arrogance, and engrave the passion of youth in the water just like our parents did, on the monument of history,” declared Xi, some time ago.

Youth unemployment across China continued its rise this summer. The official number approached 21% before Beijing halted its (more…)

Continue ReadingEstimates Of China’s Youth Unemployment Hit 50% | ZeroHedge

Reparations Backlash: California Voters Oppose “Unfair” Cash Payments For Slavery According To Berkeley Poll | ZeroHedge

The sprawling social experiment known as California faces an uphill battle on reparations, after a new poll from UC Berkeley and the LA Times reveals that voters overwhelmingly oppose the idea of cash payments for black descendants of slaves by a 2-to-1 margin.

The poll found that 59% of voters oppose cash payments vs. 28% who support the idea. Four out of 10 voters "strongly" opposed the idea.

Interestingly, just 19% of those opposed cited cost as an (more…)

Continue ReadingReparations Backlash: California Voters Oppose “Unfair” Cash Payments For Slavery According To Berkeley Poll | ZeroHedge