The Great Debate UK

A good news story

By Guest Contributor
March 19, 2014

–Cathy Corrie is a researcher at the independent think tank Reform. The opinions expressed are her own.–

from Lawrence Summers:

Why the UK must reverse its economic course

By Lawrence Summers
September 17, 2012

It is the mark of science and perhaps rational thought more generally to operate with a falsifiable understanding of how the world operates. And so it is fair to ask of the economists a fundamental question: What could happen going forward that would cause you to substantially revise your views of how the economy operates and to acknowledge that the model you had been using was substantially flawed? As a vigorous advocate of fiscal expansion as an appropriate response to a major economic slump in an economy with zero or near-zero interest rates, I have for the last several years suggested that if the British economy – with its major attempts at fiscal consolidation – were to enjoy a rapid recovery, it would force me to substantially revise my views about fiscal policy and the workings of the macroeconomy more generally.

from Anooja Debnath:

When it comes to recessions, 40 is the new 50

November 11, 2011

If it were about age, 40-somethings would cringe. But it seems a dead certainty that 40 now means 50 -- or even higher -- when it comes to predicting the chances of a recession taking place.

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.-

Should a country always stand behind its banks?

December 7, 2010

Ever since the financial crisis broke in 2008 some of the world’s major banks have their governments to thank for their survival. The fates of Royal Bank of Scotland or Citibank would have been much worse without large injections of capital from the UK and U.S. authorities. The UK government pumped more than £37 billion into its largest banks in the immediate aftermath of the Lehman Brothers crisis. Ireland took that a step further when it guaranteed all of its banks’ deposits and liabilities. This was affordable, the Irish government said at the time.

What is the extent of Ireland’s crisis?

By Guest Contributor
October 1, 2010

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

Monetary policy: QE2 or the Titanic?

October 1, 2010

“Those whom the gods would destroy, they first drive mad.” – the words of a wise Roman thinker (or was it a Greek central banker?). At any rate, the gods certainly seem to have no benevolent intentions with regard to this country, judging by the statements coming from the Bank of England, in particular the calls for another round of quantitative easing from one member of the Monetary Policy Committee and the cry of “Spend, spend, spend” from another.

from The Great Debate:

Obama and the American dream in reverse

By Bernd Debusmann
September 24, 2010

"It's like the American dream in reverse." That's how President Barack Obama, ten days after taking office last year, described the plight of Americans hit by the faltering economy. His catchy description fell short -- the dream has turned into a nightmare for tens of millions.

Double dip a done deal?

July 9, 2010

UNEMPLOYMENT/

-Jane Foley is research director at Forex.com. The opinions expressed are her own.-

Friendly Cameron and King get mix right for now

July 2, 2010

By Ian Campbell

–  The author is a Reuters Breakingviews columnist. The opinions expressed are their own –