The Great Debate UK

Mental accounting – the jar fallacy

By Guest Contributor
April 15, 2014

–Ian Bright is Senior Economist at ING. The opinions expressed are his own.–

from The Great Debate:

Britain’s austerity experiment is faltering

By Nicholas Wapshott
March 28, 2012

It was the Welsh sage Alan Watkins who remarked that a budget that looked good the day it was delivered to the British Parliament was sure to look terrible a week later, and vice versa. The avalanche of new information dumped by the Treasury is simply too much to grasp at a single sitting, and governments tend to bury bad news in a welter of statistics. And so it proved with finance minister George Osborne’s budget served up last week.

from The Great Debate:

How the Industrial Revolution created modern debt

By Philip Coggan
February 7, 2012

This is an excerpt from Paper Promises: Debt, Money and the New World Order, published this week by PublicAffairs.

Capitalism and democracy under threat from euro zone crisis

November 3, 2011

By Laurence Copeland. The author is a professor of finance at Cardiff University Business School. The opinions expressed are his own.

Is there such a thing as a real safe haven?

August 5, 2011

By Kathleen Brooks. The opinions expressed are her own.

There are traditional relationships that the financial markets respect. For example, when the markets are tanking the world wants to own safe havens like the yen, the Swiss franc, U.S. debt and gold. If volatility spikes investors go into auto-mode and are almost pre-programmed to purchase these asset classes.

from Breakingviews:

Plunging markets reflect ugly political paralysis

August 4, 2011

By Agnes T. Crane
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

U.S. debt downgrade: Who cares?

August 2, 2011

By Laurence Copeland. The opinions expressed are his own.

As I write this blog, it looks as though the U.S. Congress is going to pass a bill raising the debt ceiling and making modest cuts in Federal Government spending over the coming years. Although it is, quite rightly, being presented as a somewhat hollow victory for the forces of reason, there is one extremely puzzling aspect of the crisis.

Another day, another crisis

July 12, 2011

By Laurence Copeland. The opinions expressed are his own.

Here we go again – the same sickening feeling, as stock markets reel amid a flight to “safety”. For months, there have been worries about contagion from the Greek imbroglio, and now the nightmare seems to be coming true, as one after another the weak European economies are put to the sword.

from The Great Debate:

Five ways to correct the Greek debt crisis

By Mohamed El-Erian
May 3, 2011

By Mohamed El-Erian
This piece is the English version of the one that appeared in Handelsblatt. The opinions expressed are his own.

The U.S.’s big, fat political debt problem

April 19, 2011

USA-BUDGET/By Kathleen Brooks

The U.S. has practically zero chance of solving its debt problem in the foreseeable future while politicians line up to contest the 2012 Presidential elections.