The Renegade Economists' view on global events
The conference title says it all. And it won’t come as a surprise to those who know us when we say that the tax system is both a contributory cause and a potential solution to …
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The document that spelt out the mechanism that would drive the global economy into depression was published in 1997. The land-led property boom was globally synchronised, so every economy in the world was heading for …
The International Monetary Fund has warned of “worrisome parallels” between the current global crisis and the Great Depression, despite the unprecedented steps already taken by central banks and governments worldwide.
http://www.telegraph.co.uk/finance/financetopics/recession/5166956/IMF-warns-over-parallels-to-Great-Depression.html
Have another look at The Renegade …
“Should a systemic regulator see a rapid rise in asset prices, Rosengren said, it would first investigate the cause, whether the increase was boosted by leverage and whether mismatches in funding long-term assets with short-term …
Foxtons, the now cash-strapped estate agency that came to epitomise the London housing boom, is in talks with banks about a debt-for-equity swap that would see lenders agree to write off between £60m and £90m …
Federal Reserve chief Ben Bernanke said on Tuesday that there were initial signs that the prolonged US recession may be easing sighting that “tentative signs that the sharp decline in economic activity may be slowing,” …
The economic crisis has focussed many minds on immediate survival, ranging from individuals coping with redundancy, to governments propping up failed banks and car manufacturers. In a crisis humans tend to panic and regress into …
The Renegade Economist team presents an opportunity to learn what’s about to happen in the domestic and global economy, and how you will be affected. Our workshop – we call it an Economic Clinic – …
Britain’s macho Prime Minister is angry. He just hates the fact that some people conceal their money in tax havens, and on April 2 he will go ginning for them with all the fire power …
Five months ago The Renegade Economist (conservatively) estimated that $45trn of global wealth was going to be being wiped out. The response from the UK press was indifference. Although the figures were reported globally, there …
Gordon Brown wants to infect the leaders of the G20 countries with his Walter Mitty fantasies.* If he succeeds in luring them into his make-believe world the collective denial about the roots of the global …
Gordon Brown now reveals that he wants banks to cap mortgages at 100% of a property’s value. Another “tough” initiative from the macho premier of Britain. It’s a meaningless gesture, yet another of those postures …
Quick pass the buck – if we assume formlessness we can hide who’s to blame for this debacle. The blame game is essentially futile. This crisis won’t be hung on anyone because broadly speaking everyone …
We have it on the authority of Britain’s Prime Minister: there will be a global depression. There will be long-term unemployment and many families will lose their homes. But wasn’t Mr. Brown the man who …
Myth-makers are having a field day with the recession, which is why this year’s precipitous downturn will turn into next year’s depression.
Myth 1: When it comes to solutions, there is “no single silver bullet,” writes …
It’s as official as it’s going to get: the Bank of England places responsibility for Britain’s economic crisis fairly and squarely where it belongs – on the shoulders of Gordon Brown.
Deputy Governor Sir John Gieve, …
Whoops! Halifax and Nationwide have lost the will and the ability to forecast next year’s house prices. They blame “volatility” in the market. That sounds better than confessing that their forecasting methods were always bogus.
But …
When they pronounce on the economy, the experts like members of the Bank of England’s Monetary Policy Committee are careful in the extreme with their language. One misplaced word, after all, can cause the value …
The shambolic state of economics shows us something very clearly: economists kid themselves that they employ the scientific methods – they don’t. If proof is needed the proliferation of “schools of thought” tells us that …
First, there was disinformation about the looming collapse of the housing market. It wasn’t going to happen, then it would be a soft landing – all to maintain a mythical “confidence” on which the property …
The G20 leaders meeting in Washington this weekend want us to believe that they are setting a new course for the global economy. They are in fact setting up the next classic boom / bust …
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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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 described by observers as “Byzantine” and “opaque”. The Guardian is now launching an online competition offering a prize to the person who can shine the brightest light on those financial structures.
Blair has a commercial consultancy, called Tony Blair Associates, plus jobs advising a US bank and a Swiss insurer. He has a multimillion pound book deal. He also has a charity, the Tony Blair Africa Governance Initiative, and another called the Tony Blair Faith Foundation. But much of the income, which includes charitable donations from other sources, has been funnelled through a structure called Windrush Ventures No 3 Limited Partnership. Our contest asks: what is Windrush?
Popularity: 42% [?]