What I’m Reading:
- Steve Keen on Macroeconomic theory and post Keynesian, post Austrian, seemingly post everyone Economics. I still haven’t fully digested this presentation but i look forward to finishing it soon. [youtube=http://youtu.be/3g_eFf-n04o] [youtube=http://youtu.be/KQ9aNMMNTP8]
- Insightful as ever, Gavyn Davies puts forward his hypothesis of how Bernanke’s evolving thought process has changed the Fed’s reaction function.
- A great Interview with Amit Wadhwaney of the Third Avenue International Value fund. He really made me reconsider my notions of how one should think about taking exposure to equities of different countries. My only wish is that he would have talked about how they manage / think about currency exposure. My assumption is that when you invest as they do, with a large margin of safety, your expected return should more than offset any adverse currency fluctuation, within reason.