Tag Archives: crisis

Booming Britain

Economic recovery is now widely accepted as well underway. Turns out there was no double dip and growth has been better than expected so far this year. The week-end papers are full of stories of recovery in the services sector, … Continue reading

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Optimism bias

The number of over 65s working has topped a million for the first time. They’re needed because – apparently – the UK is running out of workers. 13.5m vacancies will be created in the next two years and only 7m … Continue reading

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Black Monday anyone?

Jitters this week as fears that central banks may ease off on the helium blast of QE which has pumped the stock markets to post-crash highs. Gyrations on a Friday can presage big falls once sentiment shifts over a weekend. … Continue reading

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A question from Tallinn

Will the de-growth argument come back any time soon? An idea whose time seemed to have arrived five or so years ago now rarely dare raise its head. And yet with UK GDP this year now expected to be just … Continue reading

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Chocks away

The helicopter money debate has taken off with Adair Turner giving a lecture saying the idea is not beyond the pale and that monetary financing of the fiscal deficit has to be on the agenda. Martin Wolf says if not … Continue reading

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The squeezed State

Whilst central government fails to solve the crisis – see last two blogs – managing it is leading to increasingly tough decisions for local authorities. The leader of Newcastle city council has been hammered for pointing out the inevitable – … Continue reading

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Tools to hand not up to the job

The tools available to central bankers are ill suited to the enormity of the task at hand. So says bond market guru Mohammed El Erian. What are those tasks? De-leveraging indebted banks, households and some corporations – in the property … Continue reading

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Going back to their roots

Here’s an example of State capture – the government’s infrastructure plans are not going ahead because the banks  won’t invest their planned share unless government underwrites the costs. Only £700m has been raised so far towards an interim target of … Continue reading

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Putting the genie to work

The genie is being readied for release. Hedge managers want the Bank of England to create some inflation. The incoming governor of the Bank is known to be sympathetic to a more active central bank stance, and the Chancellor will … Continue reading

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A tale of two economies

As economists in the UK ponder why anaemic recovery is accompanied by rising private sector employment, in the US better growth is coming through the standard route of improved productivity. The FT reports that businesses funded by the American Export … Continue reading

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