Category Archives: Financial crisis

The UK housing market is about to lift off according to the Bank of England

So far in 2013 the UK economy has been showing some signs of an economic pick-up. The Lloyds TSB business barometer rose to 20 in December continuing a series of improvements in this measure since the recent low at -21 … Read More

Posted in Banking Reform, Banks, Financial crisis, General Economics, Gilts, House Prices, Interest rates, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | Tagged , , | 17 Comments

The real fiscal cliff hits Portugal in 2013

The world’s media has its mind fixed on the so-called fiscal cliff issue in the United States. However if we cross the Atlantic to the Iberian Peninsular we find a country which has a much more genuine fiscal cliff to face … Read More

Posted in Euro zone Crisis, Financial crisis, General Economics, Recession, Uncategorized, Yield | Tagged , , | 14 Comments

Fantasies about output gaps and structural deficits collide with economic reality in the UK

Yesterday was one of the set-piece events of the financial year when the Chancellor of the Exchequer sets out his plans for subsequent years . It is hard these days to tell the difference and relative importance of this vis a … Read More

Posted in Financial crisis, GDP, General Economics, Gilts, Growth, Inflation, Quantitative Easing and Extraordinary Monetary Measures, UK Inflation Prospects and Issues | Tagged , | 9 Comments

Why 2013 will be the most crucial year of all for the poster boy of austerity,Ireland

It is not only the UK today that will be facing the consequences of the cold wind of austerity as Ireland also has a budget statement for 2013. For those looking for my views on the UK Autumn Statement I … Read More

Posted in Banks, Budget, Euro zone Crisis, Financial crisis, General Economics, Interest rates, Uncategorized, Yield | Tagged , | 19 Comments

Financial alchemy and the spread of food-banks seem to be going hand in hand in the UK

This week will see two set-piece events for the UK economy. The first will come on Wednesday when we get the Autumn Statement by the Chancellor of the Exchequer and the second will come on Thursday when the Bank of … Read More

Posted in Financial crisis, General Economics, Gilts, Growth, Quantitative Easing and Extraordinary Monetary Measures, Stagflation, UK Inflation Prospects and Issues | Tagged , | 27 Comments

Why is UK monetary policy (still) failing?

Monetary conditions in an economy are considered to be a forerunner of economic activity to come in the real or actual economy. For example a change in official short-term interest-rates is expected to have its full impact after a period of … Read More

Posted in Financial crisis, General Economics, Inflation, Quantitative Easing and Extraordinary Monetary Measures, Stagflation, UK Inflation Prospects and Issues, Uncategorized | Tagged , | 20 Comments

The Mad Hatters Tea Party Mark Four Is Now Planned For Greece

This week has seen a new proposed deal for dealing with the debt problems of Greece. As there are genuine changes you could call this bailout version three or indeed four if you take the debt haircut (Private-Sector Initiative or … Read More

Posted in Euro zone Crisis, Financial crisis, General Economics, Greek Financial Crisis, Quantitative Easing and Extraordinary Monetary Measures | Tagged , | 24 Comments

Spain’s mortgage market continues its decline with lending for dwellings only 14% of five years ago

The last few weeks have seen Euro area summit inflation rise to new levels. Not only has summit after summit failed to agree the next stage of the bailout for Greece but now we see that the latest summit was … Read More

Posted in Euro zone Crisis, Financial crisis, General Economics, Greek Financial Crisis | Tagged , | 23 Comments

What exactly does Bank of England Governor Mervyn King feel responsible for?

Yesterday evening the Governor of the Bank of England gave a speech at my alma mater the London School of Economics on inflation targeting over the last twenty years. Upon reviewing this I was reminded of the question I put … Read More

Posted in Financial crisis, General Economics, Gilts, Growth, Inflation, Interest rates, Quantitative Easing and Extraordinary Monetary Measures, Stagflation, UK Inflation Prospects and Issues | 13 Comments

Does America Need to Consider a Creditor’s Agreement to Stop the National Debt Growing Further?

In recent years America’s national debt has increased significantly due to the impact the global financial crisis has had on the economy, forcing government expenditure to increase. According to the Center on Budget and Policy Priorities the total national public … Read More

Posted in Debt, Financial crisis, The US Economy | Leave a comment
Page 2 of 71234567