Tag Archives: debt

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

Posted in Uncategorized | Tagged , , , , , , , , , , | Leave a comment

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

Posted in Uncategorized | Tagged , , , , , , | Leave a comment

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

Posted in Uncategorized | Tagged , , , | Leave a comment

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

Posted in Uncategorized | Tagged , , , | Leave a comment

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

Posted in Uncategorized | Tagged , , , , | Leave a comment

Shifting gear to the slow economy

By the end of 2013 we had no more than reached the point where GDP was  0.6% above its 2010 level and 3% below the 2008 peak. The trade deficit widened to £3.6bn in November from £2.5bn in October, despite … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , | Leave a comment

Or maybe not – the curse of the zombies and threat of a triple dip

The one ray of hope lately has been the low level of inflation. But the BoE extinguished that one this week with news that prices are heading up at a faster rate and are outstripping wage growth again. Inflation in October … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

Recession over!

Great fanfares have greeted a full 1% growth in output over the summer – due in no small measure to the Olympic Games. But the downbeats are not so easily impressed – here’s nef on why a recovery, if it … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , | Leave a comment

Spenders to the rescue

Could economic salvation come through a ‘helicopter drop’ of new money? It sounds such a ridiculously simple path out of our problems that it can’t be true. Can it? The answer depends on the response of businesses. Knowing consumers have … Continue reading

Posted in Uncategorized | Tagged , , , , , | Leave a comment

Demand more not more demand

Last week’s major UK economic news was the publication of trade figures showing exports failing to drive the economy back towards growth. What caught my eye was exports falling in every one of the UK’s 10 biggest markets – so not a … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , | Leave a comment