@LAMINCEESAY-v8v
WOW! Why I didn't came across this channel until when my Financial Economics exam is just a week away , I swear this is just briilliant and meticulously presented. Thank you so much Prof
@Ofmadinah
Professor Edmans is a living legend of our time.
@menchiearagonabsiqeci56
Thank you for this brilliant lecture on financial markets. Truly helpful
@Eric-ye5yz
The bank does not need to have customers money to lend it as mortgages because it is just a number that appears in a ledger. No one needs to see that money, so it does not exist. When the mortgage is paid off it just disapears.
@nataliemillsbeb
Alex Edmans is an enigmatic speaker
@gradientO
Are those slides available to download?
@gb-jg1ud
I am against socialism and communism but what is needed is capitalism combined with a socialized banking/money system to stabilize it. The financial industry should be curbed for only 5% profit and there as a service only. We don't need anymore "creative instruments". The basis of what works is well known. Wall Street combined with banks and lending with no profit limit to these private institutions is a toxic and lethal combination that results in over investment, and global crashes (great depression). Worse, coupling retirement and pension retirement funds into wallstreet is insane. Behind every crises seems to be a Harvard business graduate. The monetary system needs to be stable as the air we breath. If this were done over half the problems in the world would disappear.
@kiyashrahman1876
This is masterpiece! He is making complex ideas like cheesecakes.
@samferrer
And at the end of the lecture he compared bank with cryptocurrency(just another urrency) instead of fiat currency with cryptocurrency. The former makes no sense and the latter compares two things with no backing or whatsoever
@michaels8638
The analogy using Northern Rock is mis represented as the run was by small investors without the liquidity to wait for government insurance to be paid out and without any historical evidence the government paying out on insurance, there was no trust that all secured funds would be available in a single transaction which was proven correct as the government believed there would only need short term support to prop up a sale of Northern Rock. Otherwise brilliant presentation.
@Stevenharknett
Gold and Silver are money the rest is just credit. This guy is quoting from out of dater text books.
@michaels8638
Crypto does have a value , it’s an intangible asset as its value is hidden ownership, hidden transactions, so it offers security from any government scrutiny. So typical large investors are people hiding money from tax similar to tax havens, or criminal activity entry or exit into currencies.
@deineoma1301
Great talk, horrible sound
@simon199418
I'll save you one hour: It doesn't.
@RichMitch
Or doesn't
@BRunner12
Wow, how wrong can you be
@stevewill3572
Lost me at dei mutual funds
@fifimetaphor