The Renegade Economists' view on global events
First-time buyers are suffering, and mortgage rule changes could lead to yet more misery, so perhaps it’s time to consider the benefits of being a tenant, writes Laura Howard
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Thoughts from the Renegade Economists
Links to current headlines
Films and interviews
The life expectancy gap between rich and poor people in England is widening, despite years of government and NHS action, a hard-hitting National Audit Office report reveals today. Read the full story »
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Warren Buffett and Bill Gates are acting as if they’ve discovered the fountain of youth as they are now telling other billionaires they don’t need to spend their lives addictively pursuing and hoarding wealth. …
If you’re less than thrilled by today’s World Cup kick-off, fret not: there’s plenty of good sport elsewhere on television. My favourite viewing is the disintegration of Labour’s effort to defend its disgraceful record …
If the claims of David Cameron and Nick Clegg are to be taken at face value, here in the UK we now live under a radical transforming government unprecedented in its progressive ambition. Of …
The euro is under threat – along with our entire free-market system, warns Edmund Conway in today’s Telegraph.
It is now accepted, even by Angela Merkel, that as Europe battles its financial crisis, the very …
From Damon Vrabel, Canada Free Press.
Between the SEC charges and the congressional panels, the government is finally doing its job going after Goldman Sachs, right? And this last week in April ends with the Justice …
With Britain’s £167bn ($257bn) budget deficit looming, tax is becoming a key election battleground. Businesspeople are rallying to the Conservatives after they pledged to cancel most of the government’s planned rise in national insurance contributions …
The Treasury acknowledged privately as early as 2004 that a burgeoning buy-to-let market could be crowding out first-time buyers, according to a government report released by campaigners who lambast the authorities for allowing the landlord …
The housing market may now be trapped in a long-term bear market and may not bounce back to the peaks it reached in 2007 for generations, a leading economic consultancy has warned.
An email released under Freedom of Information laws shows that in December 1998, senior Bank of England officials refused to support a Treasury proposal to sell almost 400 tonnes of Britain’s gold.
But hundreds of pages …
The former prime minister Tony Blair has received millions of pounds through an unusual mixture of commercial, charitable and religious income streams. Since he stepped down from office in 2007, his financial affairs have been …
Labour’s strategy for tackling poverty has reached the end of the road and Britain risks a return to Victorian levels of inequality, according to a major two-year study seen by The Independent.
The leaders were still shadow-boxing at the Confederation of British Industry conference yesterday. In the red corner Gordon Brown thumped out his warning that “choking off recovery too soon would be fatal”. In the blue …
Royal Bank of Scotland (RBS) and HBOS were secretly kept afloat with £62 billion of emergency Government support at the height of the credit crisis last year, it was revealed today.
The Bank of England kept …
The public will not bail out the financial services sector for a second time if another global crisis blows up in four or five years time, the managing-director of the International Monetary Fund warned this …
Here is The Globe’s second interview with Niall Ferguson. He shares some interesting thoughts about destabilisation – both monetary and socially, and the road ahead.
Thanks to Tony Beckworth for bringing this interesting article to our attention. They simply can’t be right about 2010, can they…?!
Money Morning has described Britain as now being “actually insolvent” compared to being “technically insolvent” when it went begging to the International Monetary Fund (IMF) in 1976.
The International Monetary Fund announced Monday the sale of 200 tonnes of gold worth 6.7 billion dollars to India’s central bank to shore up IMF finances.
In the segment ‘On My Mind’, Ron Paul discusses his thoughts on why large-scale government internvention in the economy is going to end badly. The False Recovery is underway.
Japan is drifting helplessly towards a dramatic fiscal crisis. For 20 years the world’s second-largest economy has been able to borrow cheaply from a captive bond market, feeding its addiction to Keynesian deficit spending – …
Nobel Prize-winning economist Joseph Stiglitz says the US has failed to fix the underlying problems of its banking system after the credit crunch and the collapse of Lehman Brothers.
“In the US and many other countries, the too-big-to-fail banks have become even bigger,” Stiglitz said in an interview overnight in Paris. “The problems are worse than they were in 2007 before the crisis.”
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Finally, the mainstream are catching up with what the Renegade Economist was saying back in October last year. Before you read on, this is the press conference video worth watching again $45 Trillion Wealth Wipe Out.
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