Recession
The outlook is not good
Well, he didn’t say that during the election, did he? The Prime Minister’s warning that the cuts in public spending will be so deep as to affect “our whole way of life”sounded ominous, as I think it was meant to be. We’re being softened up, and the markets appeased. The realities of [...]
By Sean O'Grady | Eagle Eye, Econoblog | Monday, 7 June 2010 at 12:33 pm
Inflation figures are not a good omen
Today's inflation figures confirm what many of us have been noticing in "real life", as opposed to the official statistical version – that the cost of living is going up at a fairly quick pace.
RPI measure inflation is up to 5.3 per cent, and it's a pretty wide ranging phenomenon. Everything from women's clothing [...]
By Sean O'Grady | Eagle Eye, Econoblog | Tuesday, 18 May 2010 at 11:41 am
Employment figures are good but there are darker signs behind them
Unemployment down. Good news. Well, yes, and the figures are much better than were hoped for. They're a big political bonus boost for ministers who feared fighting an election with unemployment steeply rising and desperate headlines about dole queues; "Labour Isn’t Working" and all that.
There's a also a Budget bonus, as lower unemployment spending [...]
By Sean O'Grady | Eagle Eye, Econoblog | Wednesday, 17 March 2010 at 5:55 pm
Obama: “It’s not about helping banks, it’s about helping people.”
Everybody hates the banks. Everybody hates bailing them out. But in the coming days and weeks, the Obama administration is going to pump not just the rest of the $700bn bailout fund into the zombie institutions of the US banking system, but even more on top of that.
Good news, then, that President Barack Obama has just [...]
By Stephen Foley | The Foreign Desk | Tuesday, 24 February 2009 at 11:23 pm
Will Obama’s administration be overwhelmed by debt?
Moody’s, the credit rating agency, is starting to ask a very scary question, albeit in very soothing language. It has just issued it’s clients with a report called Dimensioning US Government Debt.
By taking over Fannie Mae and Freddie Mac and by expanding the activities of the Federal Reserve the US government has taken ownership of [...]
By Stephen Foley | The Foreign Desk | Thursday, 5 February 2009 at 2:39 pm
Most viewed
|
|
Latest from Independent journalists on Twitter