Kamikaze Keynesianism

A quick three minute video by Citywire (free!) explains the view of a Norwegian bond fund manager who is rather skeptical of trying to “stimulate” an economy by borrowing. Torgeir Høien, manager of Skagen Tellus, is blunt about the matter, “it won’t work”.

Why not? Well first off they’ve tried it before (a lotand it hasn’t worked. Second off Høien knows that it will result in inflation, meaning his investment as an asset manager will lose value as the currency in which it is held (the Yen) is losing value relative to actual stuff, not a very good investment.

Advertisements
This entry was posted in Uncategorized and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s