Tweetminster

Abenomics, European Style

Two years ago, Shino Abe’s election as Japan’s prime minister led to the advent of “Abenomics,” a three-part plan to rescue the economy from a treadmill of stagnation and deflation. It now appears that the European Central Bank has a similar plan in store for the eurozone. Read more ...

via Project-syndicate
1 Sep 2014

Eurozone flames were doused, but those coals still smoulder

It has been two years since the eurozone crisis dominated newspaper front pages and the television news. A promise by Mario Draghi, the president of the European Central Bank (ECB), to do "whatever it takes" to stop the single currency area from breaking apart in the summer of 2012 dowsed the flames of panic in financial markets. But it would be a [...] Read more ...

via Independent
1 Sep 2014

David Blanchflower: The European Central Bank is a crawling tortoise – six years behind the curve on stimulus

This was supposed to be the time when Britain was “carried aloft by the march of the makers”, the claim made by George Osborne in his Budget speech in March 2011. In the three years since then the number of workforce jobs in manufacturing is up 20,000 (+0.7 per cent) out of a total rise of 1.56 million (+4.9 per cent). Manufacturing as a propor [...] Read more ...

via Independent
1 Sep 2014

U.S. inflation bonds back in vogue

A home for sale sign hangs in front of a house in Oakton, on the day the National Association of Realtors issues its Pending Home Sales for February report, in Virginia March 27, 2014.  REUTERS/Larry Downing

NEW YORK (Reuters) - U.S. investors are back in the hunt for inflation protection for the first time in two years as rising housing costs - particularly for rent - suggest inflation may finally be waking [...] Read more ...

via Reuters
1 Sep 2014

Economics Weekly

The Eurozone recovery, already anaemic, has run out of steam without much impact on the region’s unemployment rate. Joblessness in the Eurozone equals more than half of Spain’s population. And with inflation falling further in August, the European Central Bank may finally be prepared to provide an appropriate response. Read more ...

via Rbs
1 Sep 2014

War could spread beyond Ukraine, warns Poland's Tusk

Poland's Prime Minister Donald Tusk warned on Monday that the war in eastern Ukraine risks spreading if NATO does not toughen its stance quickly. Tusk, tipped as the European Union's next president, claimed that "our Western community is threatened by war, not just in eastern Ukraine", as Poles marked 75 years since the outbreak of World War II. "T [...] Read more ...

via Yahoo
1 Sep 2014