You are using an older browser version. Please use a supported version for the best MSN experience.

What's the Big Idea? The Real Reason Rate Cuts Don’t Work

Aug.21 -- Nomura's Chief Economist Richard Koo is famous for his balance sheet recession idea. In his latest research, he argues that further rate cuts can't stimulate the economy and that central banks in the U.S. and Europe pursuing additional monetary easing are misunderstanding the real causes of economic weakness. Bloomberg's Tracy Alloway reports on "Bloomberg Daybreak: Middle East." SEO head: What's the Big Idea? The Real Reason Rate Cuts Don’t Work

More From Bloomberg

More From Bloomberg

Recent Videos

Featured Partners

image beaconimage beaconimage beacon