Wednesday, September 16, 2009
This article in the FT by William White, ex public sector banker, makes the point that simple extrapolations of potential growth like this are an oversimplification and macroeconomic policy needs to look beyond short term crisis management. White argues that some industries will have significant overcapacity caused by above trend growth in recent years and [...]
Sunday, September 13, 2009
At least the debate on cutting public spending has started. God knows why the Tories took so long to get it going, congratulations to Darling for breaking with Brown’s ludicrous strategy of pretending nothing is wrong. But some commentators are hysterical – for instance Paul Staines has got it all a bit out of proportion.
I [...]
Sunday, September 13, 2009
This piece of research from Savills is interesting. The Savills thesis about the UK housing market is that it is increasingly driven by equity rather than debt, as the home owners who bought their houses in the ownership boom of the 197os and 1980s have paid down their mortgages. One strange effect of this is [...]
Monday, September 7, 2009
Limiting bonuses will not solve the deep problems in the banking sector – Telegraph.
I have to confess that I thought that Adair Turner had gone out of his tiny priviliged mind (after all he is the man who until recently didn’t know what an Oyster card was) when I read the coverage of his comments [...]
Sunday, September 6, 2009
Roubini: “U-shaped” recovery is possible – Yahoo! Finance.
The most cheerful thing I’ve seen in ages – if he thinks a U-shaped recovery is possible (and not a “W”) then we gotta chance……!
Sphere: Related Content