Both from the Orange Book and recent acclaimed CentreForum publications you can see the real influence of proper liberal views influencing policy. Look at the Coalition agreement: The Royal Mail agreement – keeping Post Offices as they are, allowing the Royal Mail itself to have private investment – is rather similar to what Vince calledContinue reading “Orange tinted policies”
Well, what is this all about? The trend in the gilt market: Recall two pieces of conventional wisdom. One, the end of QE spelt doom to gilts. Take away that one big sucker-buyer and they will fall out of bed*. Two, if there’s a hung parliament, the great British Politician will spend months and monthsContinue reading “Rebalancing quietly taking place …”
… or at least, that may be how things look soon if inflation continues doing what it has just done – rise faster than expected. Because while my original points about base effects and so on are correct, it is no good if the actual index rises 0.6 points in a month like this. PerhapsContinue reading “So I get things wrong sometimes …”
James Hamilton has somehow worked out how much the higher oil prices of recent months might affect the US economy. You can’t be purely mechanistic about it – the hit to disposable incomes caused by having to send $$$s abroad – but also look at consumer shifts, caused by asymetric reactions to oil price changes. Continue reading “If I were much, much brighter I would write posts like these …”
I’m not calling for Bernanke to go. But the debate about his reappointment reminds us just how much a single appointment can change financial conditions, on day one.
Icelandic defaulting throws up more issues than I can competently cover in a single post.
People who bang on about how high the public spending to GDP ratio has become are badly missing loads of different points. You can be liberal, economically, and still support a 40% state.
The contortions of right-wingers in trying to remain right in their diagnosis of the recession is breathtaking to observe. Admit you’re wrong, guys
Darling’s probable last Pre Budget Report was less illuminating or dramatic than expected. Hardly worth all the tweeting
The best way of dealing with the idiots who think that a few emails can prove that the world does not heat up with too much CO2 is pumped into the atmosphere, is through mockery.