Category Archives: Economy

Belgium and Dexia are now trapped in an unholy embrace where the biggest loser will be taxpayers

Before I discuss the events of late Friday evening and the follow-on developments over the weekend I thought that as we are likely to see more and more of such events I would give you a typical time line for … Read More

Posted in Banking Reform, Banks, Economy, General Economics, Quantitative Easing and Extraordinary Monetary Measures | 20 Comments

Its the banks stupid as we go back to 2009, oh except for the ECB’s balance sheet

As I checked the news wires this morning and saw that the ratings agency Moodys had downgraded 12 UK banks including the mostly nationalised Royal Bank of Scotland ( two notches in its case to A2) regular readers will not … Read More

Posted in Banking Reform, Banks, Economy, Euro zone Crisis, General Economics, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | 23 Comments

MPC puts sterling at risk

The Monetary Policy Committee’s decision to launch a further £75 billion of gilt purchases to be completed over four months was in line with the prediction of the “MPC-ometer” and the recent steer from well-connected FT commentators – see previous … Read More

Posted in Banks, Economy, Quantitative Easing and Extraordinary Monetary Measures, Recession | 1 Comment

Why has the Bank of England just taken its part in a concerted bank bail out with more QE?

At midday today the Bank of England announced this on it website. The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to increase … Read More

Posted in Banking Reform, Banks, Economy, Euro zone Crisis, General Economics, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | 21 Comments

Is austerity working in Ireland or not?

During its descent into a financial crisis Ireland has found itself being a poster boy for austerity and then for some an example of why you should not impose it and now perhaps a poster boy again for some! If that … Read More

Posted in Banks, Economy, Euro zone Crisis, GDP, General Economics, Quantitative Easing and Extraordinary Monetary Measures | 13 Comments

UK GDP revision implies even bigger productivity plunge

Revised GDP figures show that the 2008-09 recession was significantly deeper than previously thought, implying an even bigger “productivity puzzle” – the apparent mismatch between severe output weakness and a relatively modest loss of employment. GDP is now estimated to … Read More

Posted in Economy, GDP, Recession | Leave a comment

The US Cavalry is only a week away whilst UK GDP growth is a poor measure of anything

Yesterday looked like it was showing a clear break in the pattern and repeating loop that I had discussed on Monday as the UK FTSE 100 dropped below 5000 and then 4900 and finally closed at 4945. However there was … Read More

Posted in Economy, Euro zone Crisis, General Economics, Quantitative Easing and Extraordinary Monetary Measures, The US Economy, UK Inflation Prospects and Issues | 17 Comments

Credit Easing in the UK might be required due to the accelerated withdrawal of the Special Liquidity Scheme

 As George Osborne has made some announcements about a possible credit easing policy in the UK I thought that I would take you in a trip on Doctor Who’s TARDIS when an oddly similar policy was announced  by the previous … Read More

Posted in Banking Reform, Banks, Economy, General Economics, Quantitative Easing and Extraordinary Monetary Measures | 16 Comments

Equity markets are trapped in a repeating loop whilst Greece needs reform and a government which tells the truth

One of the features of equity markets recently has been that we have been in a repeating loop since the middle of August. If we look at the pattern we see that after the recent closing peak  of 5935 for … Read More

Posted in Banking Reform, Banks, Economy, Euro zone Crisis, General Economics, Greek Financial Crisis, Quantitative Easing and Extraordinary Monetary Measures | 21 Comments

QE2 proponents playing fast and loose with monetary data

FT columnists are developing a penchant for misusing UK monetary statistics. Last week, Sir Samuel Brittan claimed that “nominal money supply has been allowed to fall by 10% since September 2010”. No conventionally-defined aggregate has displayed such weakness. The Bank … Read More

Posted in Economy, Quantitative Easing and Extraordinary Monetary Measures | Leave a comment
Page 15 of 38« First...11121314151617181920...30...Last »