Category Archives: US

US unemployment, NAIRU and the “jobless recovery” in 2003-5

Question about US unemployment rate and the “jobless recovery” that followed 2003 peak? If you draw a line of NAIRU on the unemployment chart above, the unemployment rate only just peaks above it in 2003 so why are we all … Continue reading

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The UK’s Top Export Markets

The UK’s top export markets are dominated by both US and European countries as would be expected. The US is the UK’s biggest export market in terms of individual countries so any improvement in the US economy should be beneficial … Continue reading

Posted in Asia, Austerity, China, Euro Zone, France, Germany, Holland, Ireland, Italy, Spain, UK, US | Tagged , , , | Leave a 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

Euroskeptic Brits Face Tough Euro-Zone Choice

Europeans have never quite understood Britain’s reluctance to fully commit to closer ties but the reasons lie in a long history of independence. Britain is heading for an extremely tough choice which could affect the future prosperity of the country. … Continue reading

Posted in Economics, Euro Zone, Fed, France, Germany, London, New York, US | Tagged , , , , , , | Leave a comment

Euro Zone Needs Credible Bank Run Insurance

The financial markets are in crisis mode once again. The flight-to-quality is in full effect with safe haven assets in high demand; gold is breaking new highs every day while US and UK government bonds are falling to record lows. … Continue reading

Posted in Bailout, Banking, Bonds, Debt, ECB, Economics, Euro Zone, European banks, European Central Bank, France, Germany, Merkel, Recession, Sarkozy, US | Tagged , , , , , , , , , , , , | Leave a comment

Low UST Yields Are Path To Fiscal Expansion

Think about this. Look at where 10-year US Treasury yields are, look at 10-year UK gilt yields for that matter. The world is crying out for AAA assets. The world’s investors want somewhere safe for their cash; European pension funds, … Continue reading

Posted in Austerity, Debt, Euro Zone, Merkel, Obama, Recession, Republicans, Sarkozy, Tax Cuts, US | Leave a comment

In The Know

August 17 2011 GUARDIAN – The crisis facing Britain’s education system The gulf between schools educating the well-off and the disadvantaged has never been bigger. And things are only likely to get worse in the coming years.¬†http://www.guardian.co.uk/education/2011/aug/16/crisis-britains-education-system BLOOMBERG – Asian … Continue reading

Posted in Ambrose Evans-Pritchard, Austerity, Banking, Bonds, Daily Telegraph, Debt, Democrats, Euro Zone, Financial Times, France, Germany, Merkel, Republicans, Reuters, Sarkozy, US, Wall Street Journal | Leave a comment