Category Archives: Politics

Help us George, just not like that!

Oh George, what are you trying to do with the housing market?  The help-to-buy scheme is 100% politics and 0% economics. It will boost house prices, as if the Bank of England wasn’t doing enough, and perhaps give a “feel … Continue reading

Posted in Bailout, Bank of England, Banking, BOE, Conservatives, Economics, London, Osborne, Politics, Quantitative Easing, UK | Tagged , , , , , | Leave a comment

UK: Driving down a blind ally

The UK Budget is seriously missing the point. It will not create any growth and the already bleak forecasts will have to be downgraded again. Here’s why. The financial industry was one of the main drivers of the economy before the … Continue reading

Posted in Austerity, Conservatives, Debt, Financial crisis, Osborne, Politics, Recession, Tax Cuts, UK | Tagged , , , , | 1 Comment

ECB’s Rate Cut And Liquidity Analgesic

The ECB’s latest rate cut and 36 month liquidity operations can ease interbank liquidity problems, but it acts more as a painkiller for a bullet wound and much deeper surgery is needed in the form of Euro Zone restructuring. Since … Continue reading

Posted in Austerity, Banking, ECB, Euro Zone, European banks, European Central Bank, France, Germany, Greece, Holland, Ireland, Italy, Merkel, Politics, Portugal, Spain | Tagged , , , , , , , , | 1 Comment

Sachs Hits Out At US Inequality From Taxes To Corruption in Congress

Last night Professor Jeffery Sachs gave a great lecture at the London School of Economics on the long-term structural crisis facing the US. For 30 years successive governments have implemented policies aimed at making life easier for the 1% of … Continue reading

Posted in Banking, Climate Change, Democrats, Economics, Obama, Politics, Republicans, Tax, Tax Cuts, Unemployment, US | Tagged , , , , , , , , | Leave a comment

Dithering Only Makes Matters Worse For EZ

Angela Merkel, Forbes’ most powerful woman in the world, is acting more like a rabbit dazzled by the headlights of the oncoming Euro Zone juggernaut as she reluctantly acts to save the Euro Zone. But dithering will get her nowhere and … Continue reading

Posted in Bailout, Bonds, Debt, Euro Zone, Germany, Merkel, Politics | Tagged , , , , , , , | Leave a comment

In The Know

    August 15 2011 TELEGRAPH – ECB is euroland’s last hope as bail-out machinery fails to resolve crisis. http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/8700782/ECB-is-eurolands-last-hope-as-bail-out-machinery-fails-to-resolve-crisis.html      TELEGRAPH – Global debt crisis: Markets enter ‘new danger zone’. http://www.telegraph.co.uk/finance/financialcrisis/8701227/Global-debt-crisis-Markets-enter-new-danger-zone.html                            GUARDIAN … Continue reading

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