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Duncan Innes

BBC News - Exploring the Bank of England - 0 views

www.bbc.co.uk/...business-13982537

BBC Bank of England video You Tube

shared by Duncan Innes on 27 Jul 11 - No Cached
  • Duncan Innes on 27 Jul 11
     
    A short info video on the bank of england
josh mower

BBC News - Could Greece be Europe's Lehman Brothers? - 0 views

www.bbc.co.uk/...business-14818439

bbc.co.uk_mews

shared by josh mower on 16 Sep 11 - No Cached
  • Could Greece be Europe's Lehman Brothers?
  • Three years ago today, US Treasury Secretary Hank Paulson made a momentous decision - to let the investment bank Lehman Brothers fail. The US government had helped to rescue a string of financial institutions, but markets kept pushing more to the wall. Mr Paulson was running out of time and options. There was no political support in Washington to keep throwing money at the problem. Wall Street would just have to learn to bear the consequences of its own folly. Today, many say that it was the wrong decision. The resulting financial meltdown (the stock market plummeted 43%) forced the authorities to do exactly what they had been trying to avoid - commit trillions of dollars to rescue the financial system.
  • Now fast-forward to the present. The "troika" of lenders to Greece - the European Union, International Monetary Fund (IMF) and European Central Bank (ECB) - may soon face a similar moment of reckoning.
  • ...5 more annotations...
  • The government in Athens has consistently failed to cut its overspending as much as promised, and keeps coming back for more money. The Greeks complain that spending cuts demanded by the troika are killing their economy, which in turn pushes their tax revenues down, stoking the need to borrow yet more.
  • Would they really pull the plug on Greece to make an example of it? Or, with daily protests on the streets of Athens, could Greece itself walk away from the table? And if so, would it trigger another global meltdown?
  • Certainly it would be irrational for Greece to stop playing ball. Cut off from the troika's bailouts, the country cannot borrow. But even if it stopped paying its debts, Greece would still face enormous pain. Last year the government borrowed the equivalent of 10.5% of annual economic output, just to fund general government spending.
  • That overspend would have to stop immediately - far worse austerity than the troika demands. The Greek banks would also collapse, bereft of outside support. Having crossed the Rubicon of unilateral default, many economists believe the Greeks would leave the euro altogether. One reason is the need to devalue its currency to restore competitiveness. "Greece needs to move its exchange rate by at least 30% to have any chance of getting jobs back," says Mr Booth. Another is that the Greek central bank could then fund the government's continued borrowing with freshly-printed drachmas. But inflation would soar, and imports especially would become very expensive
  • That threatened a chain reaction of bankruptcies, which in turn caused a collapse of confidence throughout the financial system.
  • josh mower on 16 Sep 11
     
    If Greece defaults would it lead to another recession?
Duncan Innes

Bernanke could be repeating Greenspan's gaffes | Business | The Guardian - 0 views

www.guardian.co.uk/...e-quantitative-easing-analysis

Economics Guardian Quantitative Easing QE2 Interest rates Deflation Federal reserve Bank of England

shared by Duncan Innes on 04 Nov 10 - No Cached
  • Duncan Innes on 04 Nov 10
     
    Three big questions arise from the decision by the Federal Reserve tonight to pump an extra $600bn (£372bn) into the US economy through the policy known as quantitative easing. Why is America's central bank taking this action? What are the likely consequences? How will the rest of the world respond?
Duncan Innes

BBC News - Grameen Bank founder Muhammad Yunus quits top post - 1 views

www.bbc.co.uk/...world-south-asia-13384338

grameen bbc economics micro Finance poverty

shared by Duncan Innes on 12 May 11 - No Cached
  • Duncan Innes on 12 May 11
     
    Grameen Bank founder retires
Duncan Innes

BBC News - Mark Carney adjusts Bank interest rate policy - 1 views

www.bbc.co.uk/...business-26153122

bbc news bank interest interest rate

shared by Duncan Innes on 13 Feb 14 - No Cached
  • Duncan Innes on 13 Feb 14
     
    New interest rate policy video
Duncan Innes

US Federal Reserve launches new round of quantitative easing | Business | The Guardian - 0 views

www.guardian.co.uk/...d-round-of-quantitative-easing

Guardian QE2 Quantitative Easing Economics Comodity Prices Stock Market Bernanke Monetary Policy federal reserve us Interest rates

shared by Duncan Innes on 04 Nov 10 - No Cached
  • Duncan Innes on 04 Nov 10
     
    America's central bank announced that it would pump an additional $600bn (£372bn) into the ailing US economy over the next eight months in an attempt to accelerate growth and cut unemployment
Duncan Innes

Ireland is having a Lehmans moment | Business | The Guardian - 0 views

www.guardian.co.uk/...d-bailout-european-debt-crisis

ireland Guardian Economics Lehman Brothers video larry elliot IMF RBS Lloyds Spain peripheral countries

shared by Duncan Innes on 23 Nov 10 - No Cached
  • Duncan Innes on 23 Nov 10
     
    Visdeo and Column neatly summing up the Irish crisis and drawing parallels with the Lehman Brothers and the banking crisis
Duncan Innes

Bank of England's Mervyn King: This is the biggest squeeze on families since 1920s | Ma... - 0 views

www.dailymail.co.uk/...st-squeeze-families-1920s.html

economics daily mail inflation wages wage inflation growth Macro Economics

shared by Duncan Innes on 29 Jan 11 - No Cached
  • Duncan Innes on 29 Jan 11
     
    Daily Mail alarmist but accessible assessment of the macro economic picture in early 2011
Duncan Innes

FT.com / Asia-Pacific - Bangladesh caps microfinance rates at 27% - 1 views

www.ft.com/...ea-11df-9912-00144feab49a.html

ft bangladesh Microfinace interest rates

shared by Duncan Innes on 08 May 11 - No Cached
  • Duncan Innes on 08 May 11
     
    With no rural banks - a welcome cap of 27% has been put on Microfinance. Will it be enforced - is 27% still too much and will the poor remain in a circle of debt trap?
Duncan Innes

European Debt Crisis: Who Loaned PIIGS the Money? - 0 views

demonocracy.info/...debt_piigs.html

europe debt leanding banks graphics

shared by Duncan Innes on 02 Feb 12 - No Cached
  • Duncan Innes on 02 Feb 12
     
    Interesting debt graphic
Duncan Innes

Inflation fears send shares sliding - Business News, Business - The Independent - 0 views

www.independent.co.uk/...nd-shares-sliding-2135868.html

inflation Interest rates banks IMF independent

shared by Duncan Innes on 16 Nov 10 - No Cached
  • Duncan Innes on 16 Nov 10
     
    Reasons behind October 2010 Inflation rise.
Duncan Innes

Households Pay a Price for China's Growth - NYTimes.com - 0 views

www.nytimes.com/...a-price-for-chinas-growth.html

pay price china growth nytimes banks trade surplus yuan Currencies

shared by Duncan Innes on 21 Oct 11 - No Cached
  • Duncan Innes on 21 Oct 11
     
    Fascinating article explaining why the Wests hope for a Chinese consumer boom may be a pipe dream
Duncan Innes

Euro touches a nine-year low against US dollar - 0 views

www.bbc.co.uk/...business-30678218

bbc euro Draghi QE Year 13

shared by Duncan Innes on 05 Jan 15 - No Cached
  • The drop follows ECB president Mario Draghi's comments indicating the bank could soon start quantitative easing.
  • Duncan Innes on 05 Jan 15
     
    Possible QE in eurozone? jan 15
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