deflation

#TheReset: Reducing the risk of ‘stag-deflation’ after COVID…

Jay Burbank on August 26, 2020, 7:13 am

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If the post COVID ‘reset’ works, then it will have to move beyond longstanding structural thorns that western society has so far failed to deal with. The great twentieth century historian Eric Hobsbawm wrote that the period from 1945 to the early 1970s were a ‘golden age’ in human achievement and it was only the breakdown of the mid to late 1970s of economic wellbeing and living standards that broke this unprecedented period of growth. In the height of this …

Austerity and Ireland’s sacrifice of growth (and tax revenue)…

Mick Fealty on October 5, 2010, 11:57 am

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Stephen Spillane sums up the dilemma of all political parties in the Republic, when he notes the latest word from the IMF… We have no choice but to cut. The deficit is too high. Its that or leave Anglo fall. Maybe that would mean the cuts would not have to be so deep and therefore we would have a fighting chance of recovery. I some how doubt our government will take that chance. And despite the hyperbole from both opposition …

Euro breakup : Why Morgan Stanley is wrong

Mack on May 28, 2010, 10:36 am

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A few months back Morgan Stanley analyst Joachim Fels produced a set of warning signs that would indicate the Eurozone was at increased risk of breakup. He’s back today with a new research note – To be clear, we neither advocate a EUR break-up nor is this our main scenario. However, the risk that it happens is far from negligible and the consequences for financial markets would be severe. Given recent developments, a break-up scenario has clearly become more likely, …