As we had a three day weekend last week I used the opportunity of an extra day off to catch up on some reading. One of the pieces I read struck me as particularly pertinent given the elections on the…
Tag Archives: unemployment
-
From The Politics Of Economics To The Politics Of Society
- Topics
- economic factors, Europe
Posted May 11th, 2012
-
The Eurozone has become a very extreme example of the dangers inherent of creating a single currency area populated with a myriad of different countries and regions. There is little doubt that the right monetary policy for Germany is not…
-
Many question how the heavily indebted European nations will get out of the mess they are in. Absent a break-up of the single currency unit, most economists point to a significant reduction in unit labour costs (through a reduction in…
-
Why you shouldn’t just read the headlines on US unemployment
- Topics
- unemployment, US
Posted November 3rd, 2011
Everyone is familiar with the deterioration in US labour market. Figures out today show that the unemployment rate has more than doubled to 9.1% from its pre-crisis low of 4.4% in 2007. The question is how accurately does the unemployment…
-
Back in March we wrote about Iceland’s response to the banking crisis, and how it differed to other countries that stepped in to support their banking systems. This week, Paul Krugman commented about Iceland’s exit from its IMF programme. The…
-
There is a shining light amidst the storm of the European sovereign debt crisis. Europe’s largest economy, Germany, is booming. Since June 2009, the German Federal Statistical Office has had the pleasure of notifying financial markets that the German unemployment…
-
It’s not 1993-1994 in the government bond markets. Unemployment is still way too high to provoke a Fed hike. But the Bank of England might be on the brink of a policy error…
- Topics
- government bond markets, inflation
Posted January 13th, 2011
Government bonds have been selling off over the past month. Since mid October the 10 year gilt yield has risen from 2.85% to 3.63%, the 10 year bund from 2.25% to 3.00%, and the 10 year US Treasury from 2.40% to…
-
Recently, we have often spoken about QE, and how it could result in the demise of the bond vigilante (topsy turvy), and the birth of the currency vigilante. Well, we are getting very close to the presumed launch of further…
-
Beware the doom and gloom merchants on euro unemployment
- Topics
- Europe, unemployment
Posted October 29th, 2010
The euro area unemployment rate rose to 10.1% today, a level not seen since July 1998. But does the market place too much emphasis on this number? Of course it is always important to keep a close eye on unemployment…
-
Now that the new budget has been announced by George Osborne and spending review disseminated, the coalition is lauding its merits and the opposition is deflecting responsibility for the deficit and exposing flaws in the cuts. Today’s budget and public…










