Zombies in the Fed’s Soup

(1) How to watch the Fed. (2) Suffering from group-think. (3) Doubling down on faulty models. (4) An embarrassing case in point: Undershooting the inflation target for 8 years. (5) A glut of demand-side macroeconomists. (6) Debt-financed demand for goods and services can be weighed down by too much debt. (7) Borrowing by zombie companies creates deflationary excess capacity. (8) Borrowing binges, now and then. (9) The Fed is feeding the zombies, postponing the IMF’s zombie apocalypse. (10) More on comparative global valuation by sectors.