By Doug on Tue, Apr 23, 2013 - 4:29pm

Reinhart and Rogoff refuted

Interesting refutation of Reinhart and Rogoff.  Apparently even they (R&R) admitted they got their numbers wrong.

Given the prominence of their book, how does this refutation affect the way we think about public debt?  90% debt:gdp no longer a cliff, just a milepost.


Adam Taggart
By Adam Taggart on Wed, Jan 30, 2013 - 10:15am

New US T-Shirt Slogan: "The Government Took on $300+ Billion in Debt, And All I Got Was Negative GDP"

How can you spot the moment at which the Fed's efforts hit the point of diminishing returns?

A picture, as they say, is worth a thousand words. Or in this case, $312 billion USD.

From Zero Hedge: