Tagged with: american economy
suhasinisakhare.com
The UK's Office of Budget Statistics came out with a report on March 23. The Telegraph has today published a n analytical piece on this report. Some content is worth quoting directly: As a result of higher than expected inflation, living standards will fall for longer than previously anticipated, public borrowing will end up higher, and real terms cuts in public spending will have to be deeper. T...
suhasinisakhare.com
The BBC has published an analysis that notes "nagging doubt" to be the theme of Davos 2011. It's well deserved doubt. Most people start off by expressing doubt about the Euro Zone, I firmly believe the Euro Zone has turned the corner. If troubled spots like Greece continue troubling, the severity will decrease with each passing month. The European turnaround would likely be one of the big stories...
suhasinisakhare.com
Yesterday, news broke that the UK economy actually contracted by .5% in the last quarter of 2010. George Osborne blamed the snow. Ed Balls blamed George Osborne. Yesterday, economists feared stagflation in the UK. Today, Nauriel Roubini, the economist who predicted the 2007 crash, suggested there are chances of a double dip in the UK. Back in December 2009, before it became clear just how much of...
suhasinisakhare.com
Experts have started predicting that interest rates in the UK will rise before June. Inflation remains a concern. Much of this inflation has been fed by the oil price bubble. Much of the oil price bubble has been fed by QE II and by American exports . If rates in the UK are raised before June, property prices will start to "go south", as one blogger writing in the Telegraph today so eloquently pu...
suhasinisakhare.com
On the back of Stimulus II, sanctioned by the American Congress yesterday, let's consider the voices, talking about structural reform. I found some interesting ideas, in the unlikeliest of places. A political commentator, writing for the New York Times, wrote on December 7 that America needed to cut down on some spending, without launching full-blown austerity, and needed to invest in re-training...
suhasinisakhare.com
This is a seed post to a series that I propose to run. So far, we've discussed how the American economy faces the need to implement structural reform. We've seen how structural reform in America remains tied to growth, to employment and to the overall health of that economy. Gordon Brown, UK's former Prime Minister, has recently appeared in a few interviews, to popularize his forthcoming book. He...
suhasinisakhare.com
I've just done watching a video that turned my economic optimism, such as it was, to dust. The Huffington Post has kindly put up a presentation by a member of Obama's Council of Economic Advisors, which explains the administration's promise to double exports . I watched it eagerly, to find out how Obama plans to double exports. It's worse that we thought. The administration thinks that if markets...
suhasinisakhare.com
Credit Rating Agencies are pretty much a law unto themselves. Moody's recent intervention in the evaluation of Ireland's debt, projecting numbers on the higher side of the worst case scenario, was particularly pernicious . The Americans remain vary of regulating them. The Financial Reform Act passed into law in July 2010 imposed a higher measure of liability on them, but provided an escape route....
suhasinisakhare.com
On November 5, Obama gave a press conference, following up on the October jobs data, where he mentioned how intended to double American's export target . I have since had a chance to hear Obama speak while on his visit to India , and I have had a chance top read an article penned by Obama himself on the subject. There is too much focus on the markets. There is a strong presumption of benevolence,...
suhasinisakhare.com
The American Department of Labor released jobs data for October on November 5. In my earlier post covering Obama's press conference following up this release, I wrote about the implications for the American economy of such a decisive shift towards private sector dependence . Obama mentioned another important thought, in this press conference. He talked about how the contest is not between Democra...
10 months ago
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