Secular Stagnation Is Eurodollar Stagnation

By |2016-06-24T12:14:50-04:00June 24th, 2016|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Last week, the St. Louis Fed published an article based on a speech that Dr. Larry Summers gave to the Homer Jones Memorial Lecture series back in April. The article included the full text of Summers’ speech and importantly the supporting material and evidence he used in his argument for “secular stagnation.” Included is one chart that is among the [...]