The following observation from a London-based hedge fund trader is perhaps representative of offshore perceptions of monetary policy in Australia:
The RBA hiked rates again overnight, in line with leaks yesterday but contrary to some speculation at the height of the Dubai panic.
I don’t think there [...]
Tyler points to Malthus as a much underappreciated economist. John Cassidy points to Pigou. For my money, Irving Fisher dominates. Other people (e.g. London Banker and Yves Smith) have also extolled Irving Fisher, but I would still rank Fisher as highly underappreciated relative to insight and clarity [...]
“Cutting rates by 50 basis points here and there is not going really diminish the appeal of the ruble,” said Manik Narain, an emerging markets strategist at Standard Chartered Bank Plc in London. “In terms of nominal interest rates Russia (at 9% as of 24 November) is still offering the [...]
“We have to be sure that the recovery is final, that domestic demand is self-sustaining and the peak in unemployment is on the foreseeable horizon,” Dominique Strauss-Kahn, managing director of the IMF, said yesterday in London yesterday in connection with a speech he gave at a British industry [...]
George Selgin’s 1997 monograph (published by the IEA of London) Less Than Zero: The Case for a Falling Price Level in a Growing Economy is now available on-line. What great news!
With confusion about money, banking, and monetary policy running rampant these days, George’s clear and compelling argument for “the [...]
November 20, 2009
By John Mauldin
From ghoulies and ghosties
And long-leggedy beasties
And things that go bump in the night,
Good Lord, deliver us!
–Old Scottish Prayer
Where the Wild [...]
Last week, the drug maker Pfizer announced it would close its research and development facility in New London, Connecticut. The Pfizer facility was at the heart of the city's decision to use eminent domain to seize and raze an entire neighborhood to make way for the development project [...]
Now I'm confused. Back on November 6, the FT's Denise Law ran an article about a set of new currency ETCs which are going to be listed on the London stock exchange — think ETFs, but for foreign exchange. She quoted Nik Bienkowski, the chief operating officer at ETF [...]
Professor Stephen Glaister of Imperial College, London, told the Politics Show that despite costing £20bn or £30 bn, it was doubtful whether it would [...]
On an average day, two pedestrians are killed by motor vehicles in the UK.
Only two pedestrian per year are killed by bicycles, almost always on the road.
On pavements and verges, motor vehicles kill around [...]
On an average day, two pedestrians are killed by motor vehicles in the UK.
Only two pedestrian per year are killed by bicycles, almost always on the road.
On pavements and verges, motor vehicles kill around [...]
On an average day, two pedestrians are killed by motor vehicles in the UK.
Only two pedestrian per year are killed by bicycles, almost always on the road.
On pavements and verges, motor vehicles kill around [...]
On an average day, two pedestrians are killed by motor vehicles in the UK.
Only two pedestrian per year are killed by bicycles, almost always on the road.
On pavements and verges, motor vehicles kill around [...]
On an average day, two pedestrians are killed by motor vehicles in the UK.
Only two pedestrian per year are killed by bicycles, almost always on the road.
On pavements and verges, motor vehicles kill around [...]
On an average day, two pedestrians are killed by motor vehicles in the UK.
Only two pedestrian per year are killed by bicycles, almost always on the road.
On pavements and verges, motor vehicles kill around [...]
On an average day, two pedestrians are killed by motor vehicles in the UK.
Only two pedestrian per year are killed by bicycles, almost always on the road.
On pavements and verges, motor vehicles kill around [...]
On an average day, two pedestrians are killed by motor vehicles in the UK.
Only two pedestrian per year are killed by bicycles, almost always on the road.
On pavements and verges, motor vehicles kill around [...]
