by Bill | Jun 15, 2015 | UK
There are continuing signs the UK’s economy is increasingly resembling itself prior to the financial crisis. House-price growth has cooled of late, but is still growing at 4.6% YoY, down from almost 12% last summer. Consumer credit is also growing at a healthy clip,...
by Bill | Dec 5, 2014 | Monetary Policy, UK
Easy monetary policy in the UK is looking ever more inappropriate. Divisia money is a weighted money-supply measure. Higher forms of money, eg notes and coins have greater weights than less liquid forms of money, such as building society deposits. Thus Divisia...
by Bill | May 21, 2013 | Featured, Global Economy, US Economy
The developed world remains mired in the debt crisis that roiled the global economy in 2008. Growth is low, and deleveraging is an ongoing process. However, the response by policymakers has been strong, and free money is leading to bubbles, the misallocation of...
