Category Archives: Financial crisis
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
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
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
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
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
Should you adjust your portfolio when the UK recession ends?
Adjusting an investment portfolio to fit the changing economic climate is one of the most obvious things an investor can do. During the tech-boom of the 1990s the smart money was in high tech companies; even many blue-chip technology companies … Read More
Delayed EU Parliament vote on MiFID II reinforces House of Lords Report on “fundamental flaws”
The UK’s upper house, the House of Lords, may not consider itself to be, in any sense, in the pocket of the City of London, but there are many in its ranks who have family, business, or friendship ties to … Read More
Restoring confidence in the euro area
The title of this blog echoes the title of a speech given on 1 June by Benoît Coeuré, a member of the Executive Board of the European Central Bank. The first thing that comes to mind when one sees a … Read More
Does Britain need a Star Chamber?
A ‘Star Chamber’ or ‘Camera Stellata’, as it is known in Latin, is a secret closed court which is used to prosecute people of prominent status who have abused their power. Star Chambers have been used in the past to … Read More
Spain moves back onto the economic frontline as she waits for help
On Friday in perhaps an example of the strategy of a good day to bury bad news Spain announced some changes in its position on bank bailouts. Coming around an hour or two before the keynote speech of US Federal … Read More
