Funny how those ultra low rates never do seem to generate inflation as many fear… *BOE SAYS NEAR-TERM CPI OUTLOOK HIGHER ON POUND, OIL PRICE
[Skip to the end] Highlights: BoE Cuts Growth Forecasts, Jobless Climbs U.K. Unemployment Rose the Most Since 1992 in July Surge in credit card debt
The mainstream view remains the cost of a near term recession in order to bring prices under control now is far less than the cost
[Skip to the end] (an email exchange) > > > On Wed, Aug 6, 2008 at 12:25 AM, Prof. P. Arestis wrote: > > Dear Warren, >
Looks functionally the same as direct lending to the banks vs their mortgage-backed securities. Don’t know why they are taking this indirect route. Maybe because
While problems in the US financial sector pose risks for the real economy, systemic risk to the payments system is not an issue. The US
Dear Philip, Yes, as in my previous posts, bank stability is all about credible deposit insurance. I would go further, and have all regulated, member
Mainstream economists will be increasingly stating that the real GDP ‘speed limit’ is falling or even negative. That is, the non inflationary growth potential has
Thanks, Dave, my thought are the Fed will also ‘do what it takes’ which means setting price and letting quantity for term funding float. The
Roubini totally doesn’t get it. The point of CB intervention is to keep interest rates at their target rates, not to provide funds for lending,