Monthly Archives: October 2014

A Market Reset is Due

Recent evidence points increasingly towards global economic contraction. Parts of the Eurozone are in great difficulty, and only last weekend S&P the rating agency warned that Greece will default on its debts “at some point in the next fifteen months”. Japan is collapsing under the wealth-destruction of Abenomics. China is juggling with a debt bubble that threatens to implode. The… Read more »

Recent evidence points increasingly towards global economic contraction. Parts of the Eurozone are in great difficulty, and only last weekend S&P the rating agency warned that Greece will default on its debts “at some point in the next fifteen months”. Japan is collapsing under the wealth-destruction of Abenomics. China is juggling with a debt bubble that threatens to implode. The… Read more »

Why The Business Cycle Is Failing

Since WW2 economic theorists have posited that demand in the economy could be stimulated by a combination of deficit spending by the government and by suppressing interest rates. The separation of demand from production was promoted by Keynes and interest rate management of the economy by monetarists, though there is considerable overlap between the two. Yet no progress in economic… Read more »

Since WW2 economic theorists have posited that demand in the economy could be stimulated by a combination of deficit spending by the government and by suppressing interest rates. The separation of demand from production was promoted by Keynes and interest rate management of the economy by monetarists, though there is considerable overlap between the two. Yet no progress in economic… Read more »

Economic Insights – Euro Under Threat

It is difficult to see how the EU Commission can do anything but censure the French government over its 2015 budget plans.  While EU policymakers are eager to stress that their fiscal pact’s budget rules are flexible, these rules could hardly be stretched to accommodate what Mr Sapin, the French finance minister, is proposing.  He is projecting a minuscule… Read more »

It is difficult to see how the EU Commission can do anything but censure the French government over its 2015 budget plans.  While EU policymakers are eager to stress that their fiscal pact’s budget rules are flexible, these rules could hardly be stretched to accommodate what Mr Sapin, the French finance minister, is proposing.  He is projecting a minuscule… Read more »