asterisk2a + mpc   8

Why is the pound falling so sharply? - BBC News
Weak economic data is casting doubt on the future performance of the UK economy, with inflation persistently well below the Bank of England's 2% target and earnings growth slowing down from a six-year high. Earlier this month, figures for November showed that UK industrial output had suffered its sharpest decline since 2013. Looking further ahead, investors are worried about the outcome of a referendum on the UK's continued membership of the EU. As Andy Scott of foreign exchange services firm HiFX put it: "Concerns over the UK economy and the risk of a Brexit look likely to continue to haunt sterling." Traders are also generally more risk-averse in the light of the global turmoil caused by Chinese market problems and falling oil prices, which makes them reluctant to buck sterling's downward trend.
UK  BOE  Taper  ZIRP  NIRP  QE  liquidity  trap  debtoverhang  consumer  debt  household  debt  credit  card  debt  mortgage  market  industrial  policy  austerity  monetary  policy  fiscal  policy  Richard  Koo  zombie  consumer  zombie  banks  zombie  corporations  monetary  transmission  mechanism  monetary  theory  unconventional  monetary  policy  Mark  Carney  MPC  energy  policy  energy  price  competitive  competitiveness  STEM  underinvestment  tax  evasion  tax  avoidance  corporate  welfare  corporate  tax  rate  subsidies  subsidizing  secular  stagnation  immigration  migration  job  creation  low  income  Service  Sector  Jobs  recovery  GFC  bank  bailout  budget  deficit  London  Scottish  Independence  Scottish  referendum  Devolution  Brexit  uncertainty  unknown  unkown  global  economy  credit  bubble  debt  servitude  Super  Cycle  student  loan  debt  student  debt  baddebt  NPL  private  debt  economic  history  Niall  Ferguson  democracy  Super  Rich  1%  oligarchy  plutocracy  Gini  coefficient  inequality  social  mobility  income  mobility  Precariat  Zero  Hour  Contract  precarious  work  Contractor  low  pay  minimum  wage  George  Osborne  Tories  dogma  ideology  Conservative  Party  neoliberal 
january 2016 by asterisk2a
UK interest rates held at 0.5% after 8-1 Bank vote - BBC News
The central bank said cost pressures in the UK's labour market were rising too slowly for inflation to return to the Bank's 2% target, and that inflation would stay below 1% until spring 2016. Inflation has been hovering around 0% for the past few months, but the Bank had indicated that robust domestic growth and the fading effect of last year's big oil price falls would cause it to bounce back towards 2% next year. Although UK consumer spending had remained resilient, bolstered by wage growth, attempts to reduce the UK budget deficit had restrained activity and global growth had been below average.
UK  BOE  MPC  austerity  wage  growth  wage  stagnation  income  distribution  disposable  income  income  growth  low  income  job  creation  productivity  output  gap  recovery  fiscal  policy  inflation  expectation  inflation  targeting  ZIRP  NIRP  QE  Taper  monetary  policy  2015  consumer  debt  household  debt  mortgage  market  car  loan  Student  Bubble  credit  card  debt  zombie  consumer  Richard  Koo  debtoverhang  debt  servitude  Super  Cycle  balance  sheet  recession  leverage  deleveraging  margin  trading  speculative  bubbles  asset  reflate  reflation  property  secular  stagnation  Niall  Ferguson  global  economy  USA  dogma  ideology  neoliberalism  neoliberal  George  Osborne  Tories  Conservative  Party  constituency  babyboomers  bank  bailout  banking  crisis  bank  crisis  Millennials  generationy 
october 2015 by asterisk2a
Nomi Prins-Federal Reserve Transition to Destruction - YouTube
via - ||&! QE and ZIRP bad policy, bank and market cuddeling. no mainstreet recovery! trickle-down failed. Private sector can not carry existing minimal momentum forward. policy has not helped people on the ground. // many bubbles created: junk bond/zombie corps, car loans, student loans, property, ... // transition to destruction, volatility is first sign. // market manipulation! // inflated financial system // rise in NPL! where how will they cover that? another bailout? or bail-in. taking depositors haircut. FDIC can't cover that all.
ZIRP  NIRP  book  QE  reflate  reflation  equity  bubble  credit  bubble  Taper  Richard  Koo  BRIC  China  2015  junk  bond  trickle-down  economics  Super  Rich  1%  property  bubble  household  debt  UK  USA  BOE  Fed  mandate  Fed  Janet  Yellen  Mark  Carney  MPC  monetary  policy  monetary  transmission  mechanism  excess  reserves  retail  banking  secular  stagnation  wage  stagnation  disposable  income  income  distribution  income  inequality  Gini  coefficient  inequality  squeezed  middle  class  job  creation  job  market  labour  market  Niedriglohnsektor  Service  Sector  Jobs  recovery  GFC  benbernanke  alangreenspan  speculative  bubbles  bank  bailout  banking  crisis  leverage  margin  trading  Super  Cycle  debt  servitude  private  debt  debt  monetization  debt  monetisation  fiscal  policy  austerity  consumer  debt  credit  card  credit  card  debt  car  loan  debtoverhang  economic  history  zombie  banks  zombie  corporations  zombie  consumer  Wall  Street  profit  maximisation  shareholder  value  crony  capitalism  corporate  debt  bubbles  asset  bubble  correction  mortgage  market  libor  rigging  scandal  trust  Career  Politicians  neoliberalism  neoliberal  FX  reserves  hot-money  currency-war  currency  debasement  currency  war  balance  sheet  recession  Niall  Ferguson  financial  repression  distortion  Pr 
october 2015 by asterisk2a
Silly Season news | ForexLive
Put bluntly, we now have a potentially dangerous financial structure which encourages borrowing, and discourages saving. The rush to create growth has thrown to one side any inflation concerns - for now. BUT there will be an election in 2015 – at the latest. Should the forward guidance prove accurate, we will enter the build up to that election with continued low interest rates, rising house prices and a positive growth outlook – fertile ground for a Conservative Party overall majority. HOWEVER, should inflation or employment become at odds with the strategy, Mr Carney may be under a lot of pressure to prove his neutrality by tightening in the run up to that election – and as I know, what is least convenient is likely to happen…. + - Debt Fueled Recovery.
QE  NIRP  unemployment  monetary  policy  Mark  Carney  Debt  Super  Cycle  property  bubble  stagflation  UK  unintended  consequences  Help  to  Buy  Scheme  ZIRP  austerity  davidcameron  BOE  greatdepression  MPC  zombie  consumer  inflation  Funding  for  Lending  Scheme  GeorgeOsborne  greatrecession 
august 2013 by asterisk2a
Dovish Bank of England MPC minutes-dismal unemployment figures |
no second round effects of inflation
growth remains depressed
austerity will be continued

‘there remained little evidence that above-target CPI inflation had begun to feed through to wages’.

 September’s meeting will be dovish in the extreme - with the reintroduction of QE a fifty/fifty chance-if it doesn’t come then, it will before Christmas.

Today also saw the release of U.K. unemployment figures, which were universally dismal
BOE  August  MPC  minutes  2011  MervynKing  UK  inflation  wages  disposable  income  austerity  economy  unemployment 
august 2011 by asterisk2a

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