France needs some economic growth rather than record low bond yields

The last few days have seen another addition to the world economic and financial scene and it is La Republique or France where it has been seen in full force. Its government bond market has since the beginning of April … Read More

Posted in Euro zone Crisis, General Economics, Quantitative Easing and Extraordinary Monetary Measures | Tagged , , , | 8 Comments

Portugal shows its resistance to reform as its economic depression deepens

Over the weekend the mainstream media caught onto the fact that there are serious problems in Portugal and her economy. The trigger for this is that the constitutional court had late on Friday rejected some 1.3 billion Euros of the … Read More

Posted in Euro zone Crisis, General Economics, IMF, Recession | Tagged , , , | 31 Comments

The UK’s mortgage and business lending numbers show how broken our monetary policy is

Yesterday I challenged many of the conventional views on monetary policy and pointed out that at a time when the monetary transmission system is in such distress they are out of date and likely to lead to the wrong conclusions. … Read More

Posted in Banks, Economy, General Economics, House Prices, Quantitative Easing and Extraordinary Monetary Measures, Stagflation, UK economy | Tagged , , , , , | 27 Comments

Has monetary policy lost its mojo? Maybe in terms of output effects but it can blow bubbles

Early this morning UK time the new Governor of the Bank of Japan Haruhiko Kuroda announced new expansionary measures for Japan’s monetary policy. As discussed on here on the 1st of March he is looking very much like the puppet of … Read More

Posted in Uncategorized | 20 Comments

Slovenia and its economy should seek help but where can they get it from?

Those who have followed the Euro area crisis will have noted a mention of little Slovenia from time to time as reference was made to her contribution to the bailouts of several of her Euro area partners. One subject which … Read More

Posted in Banks, Euro zone Crisis, General Economics, Recession, Yield | Tagged , , , , | 24 Comments

In spite of Italy’s private wealth her economy is in danger falling into an economic depression

The Easter weekend has come and gone with no solution in sight to the logjam in Italian politics which leaves her rudderless in terms of a government. Back on the 27th of February I mused on whether this would be as … Read More

Posted in Euro zone Crisis, General Economics, Recession, Retail, Uncategorized | Tagged , , , | 22 Comments

Portugal’s economic situation illustrates the intellectual bankruptcy of Euro area austerity

Today is an epoch making day for the Euro area as it is the one where it is officially confirmed that it is no longer a single currency. The imposition of official capital controls in Cyprus where individuals can only withdraw … Read More

Posted in Euro zone Crisis, General Economics, Recession, Stagflation | Tagged , , , , | 38 Comments

What on earth is happening with UK energy policy and prices?

One of the most important issues facing the UK going forwards is its energy policy which has forced its way onto the agenda in various ways recently. There has been the issue of closing power stations which do not meet … Read More

Posted in Energy, General Economics, Inflation, Stagflation, Sustainability, UK Inflation Prospects and Issues | Tagged , , , , | 58 Comments

The banking crisis in Spain has caused credit crunch mark two in lending and mortgages

The last few days have seen evidence of a banking collapse in Cyprus followed by Eurocrat incompetence in dealing with it. I have lost count of the retractions that the Dutch President of the EuroGroup Jeroen Dijsselbloem has ended up … Read More

Posted in Banks, Euro zone Crisis, GDP, General Economics, Interest rates | Tagged , , , , | 15 Comments

The bailout of banks in Cyprus will lead to economic collapse there

The last week has seen some extraordinary events as the supposedly mighty Euro area and the International Monetary Fund have struggled to deal with the economic problems of little Cyprus. By little I mean that it is 0.2% of Euro … Read More

Posted in Banks, Euro zone Crisis, General Economics, Growth, IMF, Quantitative Easing and Extraordinary Monetary Measures, Recession, Uncategorized | Tagged , , , , | 32 Comments
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