This week has seen various updates on the economies in the Euro area. The net effect for the overall economy was that it shrunk by 0.1% in the first quarter of 2013 and was 1% smaller than in the same … Read More
Yesterday saw a disturbing development in a regular theme for the UK economy. But before I get there I wish to address the last Quarterly Inflation Report of the Bank of England to be presented by the current Governor Mervyn … Read More
Today has seen the publication of the Gross Domestic Product numbers for much of the Euro area and (as expected here) they do not make a pretty sight. The headlines will be on France falling into recession and some will point … Read More
Back on April the 3rd I took a look at the situation of Slovenia and concluded that she needed help but the problem Slovenia faced was where to go for it! After all the so called rescue of Greece by … Read More
It is now over three years since the bailout of Greece which if we recall was supposed to provoke “shock and awe”. Ironically it has followed the path of the original shock and awe claims of the attack on Baghdad where … Read More
Last night I was made aware by Shireblogger of a speech by Governor Elizabeth Duke of the US Federal Reserve and it reminded me of the quotation above which is based on one regularly used by the dog Snoopy in … Read More
Today the Bank of England meets to discuss the outlook for the UK economy and to decide if it needs to change policy. It does so in an atmosphere where central banks all around the world have been cutting their … Read More
Where do rises in unemployment and falls in house prices and manufacturing output leave the Netherlands?
Today I wish to continue the theme of problems at the heart of the Euro area as I return to the increasingly troubled economic waters of the Netherlands. If it continues on its current path we will no doubt see … Read More
One of the features of economic slow downs is that official bodies invariably rush to declare them over sometimes before they have barely begun! However one of these slow downs is happening at the heart of the Euro project in … Read More
My intention today is to review central bank policy over the credit crunch era. As we are now pretty much six years into it we have an opportunity to raise our noses from the day to day grindstone of events. … Read More
Shaun Richards is an independent economist who studied originally at the LSE. His speciality is monetary economics and he uses it to analyse current economic trends. He started his career in the City of London in 1985 and brings his trading experience in bond, currency and derivative markets to his analysis of current economic events. Follow him on twitter @notayesmansecon.
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- Portugal's economic situation illustrates the intellectual bankruptcy of Euro area austerity
- The bailout of banks in Cyprus will lead to economic collapse there
- The economic problems of the Netherlands are a contributor to the harsh treatment of Cyprus
- The UK economy looks now in danger of an economic depression,how do we avoid it?
- Three years after the bailout of Greece the economy is still collapsing