Europe as an economic irrelevancy
By 2050 Western Europe could be an economic irrelevancy, with its four leading economies, the UK, Germany, France and Italy (note the order?) enjoying a combined output of less than half India?s and a...
View ArticleWhat’s It All About Alfie?
Well I suppose it’s better to end the week on a bang rather than a whimper, so here I go with another of those posts. What really ended the week on a high note (or should I say a low one) was the US...
View ArticleECB: Plus ?a Change?
The ECB met earlier today to conduct the monthly review of interest rate policy. It came as a surprise to noone that the outcome was to leave everything just as it is. Surprisingly though the decision...
View ArticleChanging Perspectives On Immigration.
Views of immigration are changing. Back in the mists of time, when I first came to the conclusion that ongoing demographic changes were going to be important, the voices in favour of a reconsideration...
View ArticleItaly: Aging But Saving?
This is a very convenient moment to put up this post. Alan Greenspan has just admitted that he’s human like the rest of us, and that he doesn’t have a very good explanation for why long-term interest...
View ArticleOooops It Isn’t Baaack….
Morgan Stanley team members Steven Jen and Eric Chaney (joined by Takehiro Sato and David Miles) debate today the interesting question of whether the eurozone economies have entered a liquidity trap...
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Eurozone Economy: When Paradigms Collide
When scientific paradigms collide everyone should duck, at least that is the best advice I can offer at the present moment. The provisional German retail sales for January are now in, and they don’t...
View ArticleItaly’s Economic Problems Under The Spotlight
As Manuel points out in the accompanying post, Romano Prodi’s resignation as Italy’s Prime Minister is a rather sudden and dramatic, but scarcely unexpected, development. The immediate political crisis...
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