When it was all academic, I enjoyed reading about the causes of the Wall Street Crash, the Great Depression and the German hyper-inflation. Policy errors abounded. The UK going back on to the Gold Standard in the middle of the…
Tag Archives: recession
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If this is part 2 of the Great Recession, what were the 10 recent policy errors that got us here?
- Topics
- global economy, recession
Posted September 23rd, 2011
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The US is headed for recession – if 63 years of economic data are any guide to the future
- Topics
- debt, GDP, interest rates, recession, unemployment, US
Posted August 2nd, 2011
Think the US is out of the woods now that congress has come to an agreement on the debt ceiling? Not according to this chart from Rich Yamarone, an economist at Bloomberg. It’s called the “2 percent rule”. When US…
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A Nobel aim – to find the right match and reduce the poison of long term unemployment
- Topics
- quantitative easing, unemployment
Posted October 12th, 2010
Hi everyone, I’m the new guy onboard. I started at M&G last week but the rest of the team is already working really hard to find me a ridiculous nickname. Yesterday morning, I saw a familiar face in the news….
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Dear Bond Vigilantes, The small nation of Ireland has received more than its fair share of press since the credit crunch started three years ago. The financial crisis has not been kind to the Irish economy, with the collapse of…
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Now that the new UK government is bedding in and getting ready to unleash austerity upon us, I thought I’d quickly look back at the last Labour government and tell you something that you won’t want to hear: the last…
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Unemployment likely to rise for many months to come – Central Banks firmly on hold, perhaps for over a year
- Topics
- global economy, unemployment
Posted May 17th, 2010
With sovereign and political issues taking centre stage in markets recently, macroeconomic indicators have taken a back-seat in many market participants’ minds. But how have the advanced economies been recovering, absent these risks? Today I’d like to focus on some…
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UK unemployment lowest since the 1970s – watch it rise
- Topics
- UK, unemployment
Posted April 18th, 2008
The government’s official unemployment rate (which looks just at the number of people claiming benefits) stands at 2.5%, the lowest rate since 1975. The UK unemployment rate under the International Labour Organisation’s measure stands at a slightly more realistic 5.2%,…
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US housing downturn worst since Great Depression – and getting worse
- Topics
- property market, US
Posted February 28th, 2008
Investors are almost becoming blasé to dire US housing market data releases, but the reality is that things are getting worse and worse. The monthly S&P/Case-Shiller figures that came out on Tuesday showed that the US housing market downturn is…










