The Great Debate UK

Bank of England’s focus on growth might stir ghost of inflation

By Guest Contributor
December 3, 2013

–Darren Williams is Senior European Economist at AllianceBernstein. The opinions expressed are his own.–

How central bankers have got it wrong

September 24, 2013

If you asked someone to list the chief qualities needed to be a good central banker I assume that the list may include: good communicator, wise, attention to detail, clear thinking, credibility, and good with numbers.  However, in recent months these qualities have been sadly lacking, most notably last week when the Federal Reserve wrong-footed the markets and failed to start tapering its enormous QE programme.

from Anatole Kaletsky:

If Europe wants Thatcherism, it must abandon austerity

By Anatole Kaletsky
April 11, 2013

Among all the obituaries and encomiums about Margaret Thatcher, very few have drawn the lesson from her legacy that is most relevant for the world today. Lady Thatcher is remembered as the quintessential conviction politician. But judged by her actions rather than her rhetoric, she was actually much more compromising and pragmatic than the politicians who now dominate Europe. And it was Thatcher’s tactical flexibility, as much as her deep convictions, that accounted for her successes in the economic field.

from Blogs Dashboard:

A devalued pound can’t save the British economy

By Peter Gumbel
March 14, 2013

There it goes again. Sterling has been dropping sharply this year against the U.S. dollar and especially the euro, as Britain turns to a tried and trusted remedy for its economic problems: devaluation. Even with its slight uptick on Wednesday, sterling is down more than 6 percent against the euro since the beginning of 2013 and has slid 10 percent over the past six months.

Economic quagmire adds pressure for monetary policy change

By Guest Contributor
January 14, 2013

–Darren Williams is Senior European Economist at AllianceBernstein. The opinions expressed are his own.–

Salvation through inflation: The British way out

October 18, 2011

By Laurence Copeland. The opinions expressed are his own.

Accusing policymakers of acting out of sheer desperation is a pretty standard jibe by critics trying to put them off their stride.

Why is the West bankrupt?

August 8, 2011

By Laurence Copeland. The opinions expressed are his own.

The UK, USA, the PIIGS (Ireland and Italy are together in the same stye), France is in poor fiscal shape  – OK, Germany is ostensibly living within its means, but it looks a lot less solvent when you remember that it has underwritten the rest of the euro zone (in large part, to protect its own irresponsible banks). In any case, as I have argued in previous blogs, this or a future German Government is likely to cave in to the pressure from its own electorate and from inflationist economists at home and abroad to join the party and spend, spend, spend. Only Australia and Canada, riding high on the commodities price boom, and a handful of small countries, look stable.

What could the Q1 GDP figures mean for my business?

By Guest Contributor
April 26, 2011

By Jamie Jemmeson

-Jamie Jemmeson is a Trader at Global Reach Partners, the foreign exchange company. The opinions expressed are his own.-

from Breakingviews:

Tragic quake may add to inflation pressures

March 11, 2011

The full economic impact of the sixth most powerful earthquake ever recorded is not yet known. Many hundreds of lives have been reported lost in Japan. Aftershocks are a danger and other nations fear a tsunami running across the Pacific will spread the damage more widely. Though uncertainty is rife, the earthquake is more likely to add to global growth and attendant inflationary pressures than subtract from them. It also raises concerns about Japan's long-running fiscal dangers.

Two very different inflation problems

February 21, 2011

-Kathleen Brooks is research director at forex.com. The opinions expressed are her own.-