Savings Glut and Financial Imbalances

Martin Wolf in yesterday’s Financial Times discusses the reasons for low interest rates and suggests some interesting scenarios for the years ahead. I agree with most of what he says but I have doubts about the role that he assigns to central banks. Let me start with the arguments with which I agree 100%. The […] View the full post at: Savings Glut and Financial Imbalances Related posts: Asian Officials Reject Savings Glut Theory Asian Savings Glut Hypothesis, and Why it Matters The “Dis-Savings” Glut