deficit

In yesterday's post, I was mostly upbeat about near-term economic outcomes. The overall gist was that we are going to see a snapback recovery soon that makes this the shortest recession on record. But, the snapback won't get us to anywhere…

I was reading about the potential candidacy of former Starbucks CEO Howard Schultz for US President in the 2020 election just now. He plans to run as an independent, potentially dividing the anti-Trump vote, should Trump survive until then.…

Today's daily focuses on a single theme of the breakdown of globalization.

Top stories on the persistence of the US economy, the impact of tariffs and the trade war and crisis in Turkey

Pro-cyclical monetary and fiscal policies exacerbate the challenge that lies ahead. Although the world enjoys a synchronized expansion, the Great Financial Crisis may not be truly over until the downside of this business cycle is managed.

Albert Edwards says the Fed will tighten more aggressively. The increase in interest rates will be a stimulant at first. But eventually, the higher rates will catch up with debtors.

By Frances Coppola I do like sectoral net lending charts. This one is from the OBR's latest Economic Forecast: The thing to remember about sectoral balances is they must sum to zero. It is not possible to have a negative external…

The big news in the markets today is the standoff in eastern Ukraine between pro-Russian armed rebels and the Ukrainian military. This has European markets selling off. The potential for problems in eastern Ukraine is something we should…

The aim of the above header is to link two names in people’s minds, both of them Italian: Mario Draghi and Matteo Renzi. Naturally the idea is not original, the FT’s Peter Spiegel recently published an entire blog post (Does Renzi owe his…

At the Fabian conference yesterday, Ed Balls announced the Labour Party's intention, if elected in 2015, of restoring the 50p tax rate that was abolished by the present Coalition government. It is the central plank of his deficit reduction…