Monday, October 10, 2022
Thursday, October 6, 2022
Monday, October 3, 2022
Briefings Magazine: The Central Bank Dip
By SIMON CONSTABLE
What a difference a few decades make. In 1982, the reputation of the Federal Reserve was riding high after its leader Paul Volcker had deftly tamed the double-digit inflation that blighted the US economy during the late 1970s. A year later, when Hong Kong suffered a currency crisis, the Fed’s tangential involvement played an essential part in lifting the then-British territory out of economic and political turmoil. While the Fed’s glow lasted into the early 21st century, the institution now seems to have lost some of its luster, as have other major central banks, according to some experts. Read more here.
Thursday, September 29, 2022
CBS Eye on the World with John Batchelor: #UK #France The rousing Truss/Kwarteng energy scramble, supply side tumult.
Wednesday, September 28, 2022
Forbes: What’s The Problem? UK Economic Policy Mirrors Successful 1980s U.S. Effort
By SIMON CONSTABLE
The snarks keep on coming for Britain’s new Prime Minister and finance chief.
Just a few days into their new jobs, Liz Russ (PM) and Kwasi Kwarteng have received a barrage of criticism for introducing some new economic policies, including tax cuts.
But the critics seem to have gotten the wrong end of the stick. Read more here.
Forbes: Scottish Equality Goals Undermined As Top Colleges Favor The Well-Heeled
By SIMON CONSTABLE
Scotland’s stance on higher education should be a poster-child for public policy gone awry. In short, the outcome is the opposite of what the ruling Scottish National Party (SNP) says it desires. Read more here.
University of St. Andrews
Holger Uwe Schmitt, CC BY-SA 4.0, via Wikimedia Commons
Tuesday, September 27, 2022
Forbes: British Currency Mess Set To Upend U.K.’s Housing Market
By SIMON CONSTABLE
The United Kingdom’s housing market is likely to screech to a halt.
For that, you can blame Britain’s banks.
Or the government...
Or investors.
Yep, it’s a complicated matter. But some people will find it tricky to buy or sell houses for the immediate future. Read more here.