Weak demographics and lack of economic growth are real problems for Portugal

Yesterday saw fears about Portugal and in particular its banking system affect and perhaps infect financial markets. It was quite a big impact for such a relatively small economy which is less than 2.5% of the Euro area’s economy let … Read More

Posted in Euro zone Crisis, European Central Bank, General Economics, Quantitative Easing and Extraordinary Monetary Measures | Tagged , , , , | 11 Comments

Who would have though such a large trade deficit would be accompanied by a rising UK Pound?

Today the Monetary Policy Committee of the Bank of England meets or if you read this after midday has met. After Tuesdays industrial production figures for May the already very low chance of a policy change -Forward Guidance still exists- … Read More

Posted in Bank of England, Forward Guidance, General Economics, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | Tagged , , , , | 28 Comments

Will Grecovery be strong enough to lift Greece out of its economic depression?

One of the saddest themes of this blog has been the tale of economic destruction and woe that has been inflicted on the economy and people of Greece. The original “shock and awe” programme was supposed to last for 3 … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis, Inflation, Quantitative Easing and Extraordinary Monetary Measures | Tagged , , , , , , | 23 Comments

Today’s UK production hiccup poses the question of will we regain past peaks?

Today has seen an event which has caught both investors and economists on the hop somewhat so let us take a look at what has happened. At 9:30am the Office for National Statistics released this data. Total production decreased by … Read More

Posted in GDP, General Economics, UK Inflation Prospects and Issues | Tagged , , , , | 16 Comments

The economy of Ireland is simultaneously hopeful and worrying

It is a while since I have looked across the Irish Sea to take a look at the economy of Ireland. Last week there was some eye-catching news on the state of play which invoked memories of the past idea … Read More

Posted in Euro zone Crisis, GDP, General Economics, Unemployment | Tagged , , , , , | 18 Comments

What does yesterday’s interest-rate cut in Sweden teach us?

Yesterday saw an event which was simultaneously rather extraordinary and also managed to highlight several themes of this blog. So let me without further ado let the Riksbank in Sweden explain events. Economic activity continues to strengthen in the Swedish … Read More

Posted in European Central Bank, Forward Guidance, General Economics, House Prices, Inflation, Quantitative Easing and Extraordinary Monetary Measures | Tagged , , , , , | 16 Comments

France is showing continuing economic weakness at the heart of the Euro

Today the Governing Council of the European Central Bank meets and one of the items on its agenda will be the state of play in the economy of France. The weakness of it at a time of recovery elsewhere in … Read More

Posted in Euro zone Crisis, European Central Bank, General Economics, Quantitative Easing and Extraordinary Monetary Measures | Tagged , , , , | 10 Comments

Will the Bank of England regret pushing UK house prices higher?

Today has given us another snapshot into the state of play in the UK housing market. According to the Nationwide Building Society it is running as hot as the weather is promised to be for the rest of this week. … Read More

Posted in Bank of England, Forward Guidance, General Economics, House Prices, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | Tagged , , , , , | 25 Comments

Japan nears zero interest-rates for mortgages

Today I intend to look at the land of the Rising Sun and its experiment with monetary expansionism called Abenomics after the current Prime Minister Shinzo Abe. Yesterday he gave a speech describing plans for the so-called third arrow of … Read More

Posted in General Economics, Inflation, Interest rates, Japan, Japan's Economic Situation, Mortgages, Quantitative Easing and Extraordinary Monetary Measures, Wages | Tagged , , , , , | 28 Comments

How many more times will Mark Carney “flip-flop” on UK monetary policy?

Today sees several members of the Bank of England Monetary Policy Committee giving testimony to the Treasury Select Committee about the May Inflation Report. In particular there will be plenty of opportunity to discuss these two parts of it. Monetary policy … Read More

Posted in Bank of England, Forward Guidance, General Economics, Mark Carney, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | Tagged , , , , | 29 Comments
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