-->Ben zitiert bereits zu Lebzeiten aus seinen eigenen Werken *gg*


"This simple story can be elaborated somewhat in light of our results. It is true, as I have discussed, that an easier monetary policy raises stock prices, whereas a tighter policy lowers them. However, easier monetary policy not only raises stock prices; as we have seen, it also lowers risk premiums, presumably reflecting both a reduction in economic and financial volatility and an increase in the capacity of financial investors to bear risk. Thus, our results suggest that easier monetary policy not only allows consumers to enjoy a capital gain in their stock portfolios today, but it also reduces the effective amount of economic and financial risk they must face.
<ul> ~ Monetary Policy and the Stock Market: Some Empirical Results</ul>

-->>Ben zitiert bereits zu Lebzeiten aus seinen eigenen Werken *gg*
>
>"This simple story can be elaborated somewhat in light of our results. It is true, as I have discussed, that an easier monetary policy raises stock prices, whereas a tighter policy lowers them. However, easier monetary policy not only raises stock prices; as we have seen, it also lowers risk premiums, presumably reflecting both a reduction in economic and financial volatility and an increase in the capacity of financial investors to bear risk. Thus, our results suggest that easier monetary policy not only allows consumers to enjoy a capital gain in their stock portfolios today, but it also reduces the effective amount of economic and financial risk they must face.

So so, Mr. Bernanke, und was sagt uns das?

http://www.elliott-waves.com/disc-dow-nikkei.htm
<ul> ~ Hier der selbe Link in einem neuen Fenster</ul>

-->Thus, our results suggest that easier monetary policy not only allows consumers to enjoy a capital gain in their stock portfolios today, but it also reduces the effective amount of economic and financial risk they must face.
>So so, Mr. Bernanke, und was sagt uns das?
>http://www.elliott-waves.com/disc-dow-nikkei.htm


Tja, Dottore'scher Selbstverrentungseffekt, möglichst mit Nullzinslangläufer, sofern der machbar ist, siehe Japan.

Bei Nullzins gibt es nämlich kein Risiko, weil der Druck der Mehrbeschaffung des GZ vom Publikum genommen wird. Kein Debitismus mehr, kein Wirtschaften. Siehe auch die Dottore-Sammlungen vom unverkauften Ferrari.

Theo