Thursday, February 24th, 2011
"One of the more durable achievements of the previous Government was the establishment of the Monetary Policy Committee (MPC), whose work – for around a decade – was widely praised. As the recession took hold, the MPC does seem to have been seriously off the pace.
Wednesday, February 23rd, 2011
"Rather helpfully, on the Bank’s website there is an explanation of how Quantitative Easing was supposed to improve the economy.
Wednesday, February 23rd, 2011
"In September 2010, a short time before the international financial summit of the Group of Twenty (G20) took place in South Korea, Brazilian finance minister Guido Mantega declared that the world is experiencing a "currency war" where "devaluing currencies artificially is a global strategy."
Monday, February 21st, 2011
"There are two lessons here. One short-term, the other long-term. First, policymakers and investors need to shake off the belief that the current inflation spike is temporary.
Friday, February 18th, 2011
"Goods inflation has outstripped services inflation for long stretches since mid-2007, something that hadn't happened since the 1970s. For most of the last 30 years, goods prices had been held down, in part, by cheap imports from low-wage countries like China.
Wednesday, February 16th, 2011
"Budget plans seldom have happy as a starting point. Spending proposed by the White House Monday is certainly no exception.
Monday, January 31st, 2011
"The Fed's policy statement on Wednesday afternoon said emphatically what we have discussed here endlessly: Nothing is going to stop these guys from completing their mission. Nothing. Nunca, nada, niete.
Monday, January 24th, 2011
"Mr. Trichet argues that budget discipline would help growth in Europe more than renewed stimulus, and called on the euro zone's 17 member countries to strengthen "surveillance" of each other's fiscal policies.