Tag Archives: deficit

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

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

Mid year review

In the midst of the Olympic frolics in London this summer we’re distracted from the the forecasts of uncertainty, gloom and (in the FT no less) revolution that were being made at the start of 2012. I’ve just looked back … Continue reading

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