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Transfers And Overheating — Brian Romanchuk

Summary:
A recent controversy that erupted was the question as to whether transfer payments (such as the 00 transfer that was debated in the United States) would cause the economy to overheat. There is an interesting issue: even if 00 is not enough, what about larger amounts? I have severe doubts that anyone could give a useful answer to what appears to be a simple quantitative question, without a country pushing the envelope for the sake of an economic experiment....Bond EconomicsTransfers And OverheatingBrian Romanchuk

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A recent controversy that erupted was the question as to whether transfer payments (such as the $2000 transfer that was debated in the United States) would cause the economy to overheat. There is an interesting issue: even if $2000 is not enough, what about larger amounts? I have severe doubts that anyone could give a useful answer to what appears to be a simple quantitative question, without a country pushing the envelope for the sake of an economic experiment....
Bond Economics
Transfers And Overheating
Brian Romanchuk
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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