The Great Debate UK

from The Great Debate:

Should there be limits on commodity investment?

March 9, 2009

John Kemp Great Debate-- John Kemp is a Reuters columnist. The views expressed are his own --

The commodity boom and bust in the last 5 years suggests there is a natural limit on how much investment money these markets can absorb before price-setting mechanisms become distorted and prices unmoored from supply and demand fundamentals.

from The Great Debate:

U.S. cap-and-trade choice inferior to carbon tax

February 27, 2009

John Kemp Great Debate-- John Kemp is a Reuters columnist. The views expressed are his own --

President Barack Obama's first budget puts climate change at the heart of the administration's long-term economic plan. But despite the clear theoretical advantages of a simple carbon tax, he seems set to follow the EU and California in opting for a cap-and-trade system.

from The Great Debate:

Commodities send coded clues on inflation

February 23, 2009

John Kemp Great Debate-- John Kemp is a Reuters columnist. The views expressed are his own --

After an 8-year period of remarkable stability, the ratio between gold and oil prices has broken down spectacularly.

from The Great Debate:

Financial strains show first sign of easing

February 17, 2009

John Kemp Great Debate-- John Kemp is a Reuters columnist. The views expressed are his own --

The volume of excess reserves commercial banks are holding with the Federal Reserve System has declined by $275 billion (31 percent) over the last five weeks, in what could be the first sign of stabilization within the core of the banking system (https://customers.reuters.com/d/graphics/RESBAL.pdf).

from The Great Debate:

Credit control will be much more intrusive in future

January 26, 2009

John Kemp Great Debate-- John Kemp is a Reuters columnist. The views expressed are his own --

The international system of bank regulation, epitomised by the Basle II process and the light-touch principles-based regulation of Britain's Financial Services Authority (FSA) has comprehensively failed.

from The Great Debate:

A new direction in global financial regulation

January 26, 2009

John Kemp Great Debate-- John Kemp is a Reuters columnist.  The views expressed are his own --

UK Prime Minister Gordon Brown's call today for a new G20 charter of principles on financial regulation  reflects an emerging consensus among policymakers that, once the immediate crisis has passed, the regulatory framework must be fundamentally redesigned.

from The Great Debate:

Do we need a credit policy?

January 22, 2009

John Kemp Great Debate-- John Kemp is a Reuters columnist.  The views expressed are his own --

The last eighteen months have witnessed a revolution in financial regulation -- if by that we mean a fundamental reconstruction, total change or turn round from the previous orthodoxy occurring in a relatively compressed time.

from The Great Debate:

U.S. and UK on brink of debt disaster

January 20, 2009

John Kemp Great Debate-- John Kemp is a Reuters columnist. The opinions expressed are his own. --

The United States and the United Kingdom stand on the brink of the largest debt crisis in history.

from The Great Debate:

Global imbalances and the Triffin dilemma

January 13, 2009

John Kemp Great Debate-- John Kemp is a Reuters columnist. The opinions expressed are his own --

For the world monetary system, the financial crisis which erupted in the summer of 2007 is a cataclysmic shift that will prove every bit as significant as the outbreak of the First World War (which heralded sterling's demise as a reserve currency) and the suspension of gold convertibility in 1971 (which marked the end of bullion's monetary role).

from The Great Debate:

Downturn hits China’s manufacturing heartland

January 12, 2009

John Kemp Great Debate-- John Kemp is a Reuters columnist. The views expressed are his own --

The global slowdown is hitting China's modern manufacturing base in Guangdong province especially hard. Deputy governor Huang Longyun on Thursday warned a news conference "the situation is grim" and the manufacturing hub around Pearl River Delta is bearing the brunt of China's slowdown.