Cliff Asness: Uncertainty is not the problem holding back the economy
Nick Schulz, editor-in-chief of American.com, recently interviewed Cliff Asness, the managing and founding principal of the hedge fund AQR Capital Management. Last year, Asness wrote a provocative piece in the Wall Street Journal about what’s holding the economy back, arguing that “Uncertainty is Not the Problem.” He said: “Many commentators blame our continuing economic woes on ‘uncertainty.’ They allege that recent and anticipated dramatic policy changes make business planning difficult, and that this is retarding growth and employment. This view is not wrong—but our main problem is not the uncertainty surrounding new policies. It is the policies.” Schulz asked Asness to expand on this idea as shown below.
Source: The American, March 27, 2012.
More on this topic (What's this?)
AQR Capital And Other Hedge Funds Shorting Neopost (Value Investing, 3/13/12)
Flat Earth Society vs. Dr. Kevorkian Fan Club! (The Political and Financial Mark..., 3/17/12)
Robert Shiller is Wrong (naked capitalism, 5/11/12)
Performance Optimization WordPress Plugins by W3 EDGE