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A Post-Referendum Agenda for Britain
Chris Patten / Project Syndicate
Even if voters in the UK choose to remain in the EU, Prime Minister David Cameron will have an unpleasant mess to clean up. Rather than focus on the home front, Cameron should take the lead in putting in place a credible European policy for dealing with mass migration.
Related: Real Estate Shares Shrug Off Brexit
Jon Sindreu and Art Patnaude / MoneyBeat
British commercial real estate is among the asset classes most vulnerable to a shock if the U.K. votes to leave the European Union. But judging from the recent share performance of the country's publicly listed property companies, investors don't seem to care.
Related: IFS warns Brexit would extend austerity for two more years
Phillip Inman ... / Guardian
Thinktank says lower growth and extra borrowing would offset any benefits from halting what it claims is the £150m a week UK contribution to Brussels Britain's leading tax and spending thinktank, the Institute for Fiscal Studies, has warned that leaving the European Union would force ministers to extend austerity measures ...
Related: Stiffen your sinews and Vote Leave - Brexit will make Britain great again
Maj-Gen Tim Cross OBE / Telegraph
Related: Bank of England could make Brexit intervention on eve of EU referendum as David Cameron claims voting for Brexit is unpatriotic
Laura Hughes / Telegraph
 
IMF Not Funding July Greece Deal, Still Wants Serious Debt Relief Before Committing New Dough
Yves Smith / Naked Capitalism
The IMF has not given up on debt relief for Greece, but due to the upcoming Brexit vote, is holding off on the fight until fall.
Related: The Guardian view on the new Greek bailout: more extend, but - please - no more pretend | Editorial
Editorial / Guardian
Even Athens' creditors are now divided on whether it is worth carrying on with the farcical pretence that a bankrupt country is ever going to repay in full An agreement this week to release €10.3bn of bailout money to Greece was, in comparison with past negotiations, straightforward. That does not ...
Related: The IMF, Trying to Lend Europe Credibility for a Greek Bailout, Risks Losing Some of Its Own
Ian Talley / WSJ Economics
The International Monetary Fund acted tough on Greek debt relief. But it appears to have caved under pressure by its largest shareholders, the U.S. and Europe.
 
Warning sign: China's currency at 5-year low
CNN
China's leaders are still worried about the country's economy. The People's Bank of China just cut the value of the yuan again.
Related: Despite High Profile Failures, Chinese Firms Continue To Acquire And Invest In The US
Control Risks, Contributor / Forbes
Entry into the US market by Chinese investors requires a nuanced understanding of the political and social factors that can put deals at risk.
Related: Chinese Investors Pour Money Into U.S. Property
WSJ
Commercial property sales have slowed in the U.S. this year-but Chinese investors are continuing to plow money into the market.
 
Should The Fed Tolerate 5% Unemployment?
Tim Duy / Fed Watch
In recent posts I highlighted the stagnant unemployment rate. I believe the Fed is on thin ice by raising rates when unemployment is moving sideways, especially when there exists evidence of substantial underemployment (see also this FEDS note). But there is also evidence of growing wage pressures, in particular the ...
Expand sublinks   Also:  MoneyBeat | Reuters
 
ECB warns of populist risk
FT
Central bank cautions that rise of insurgent parties makes economic reform more difficult
Expand sublinks   Also:  Forbes | FT | Mainly Macro | FT | Globe and Mail
 
The benefits and trials of Abenomics
Mitsumaru Kumagai / Japan Times
It has been almost three and a half years since the administration of Prime Minister Shinzo Abe launched its economic policy known as Abenomics. What I would like to suggest here is that Abenomics is moving in the right direction and that real successes have been achieved. Ever since 2009 ...
Expand sublinks   Also:  WSJ
 
Reducing Inequality in Asia: Sharing the Growth Dividend
Steven Barnett / iMFdirect
By Sonali Jain-Chandra, Kalpana Kochhar and Tidiane Kinda Asia continues to be the world's growth leader, but the gains from growth are less widely shared than before. Until about 1990, Asia grew rapidly and secured large gains in poverty reduction while simultaneously achieving a fairly equitable society. Since the early ...
Expand sublinks   Also:  Brookings
 
Why Cheap Shale Gas Will End Soon
Arthur Berman / Oil Price
Enthusiasts believe that shale gas is simultaneously cheap, abundant and profitable thus defying all rules of business and economics. That is magical thinking. The recently released EIA Annual Energy Outlook 2016 sparkles with pixie dust as it forecasts almost unlimited gas supply at low prices out to 2040 and beyond. ...
Expand sublinks   Also:  Oil Price | Forbes | Oil Price
Related: Wells Fargo Cuts Its Oil Risk
Aaron Back / MoneyBeat
Wells Fargo has taken steps to reduce its potential oil and gas exposure.
Related: Just Released: Hints of Increased Hardship in America's Oil-Producing Counties
Liberty Street Economics
Andrew Haughwout, Donghoon Lee, Joelle Scally, and Wilbert van der Klaauw Today, the New York Fed released the Quarterly Report on Household Debt and Credit...
 
The Dollar Takes EM Down
EconMatters / EconMatters Global
By Aibek Burabayev, INO.com Dear readers, I am very grateful to get all your feedback and suggestions that you kindly share with me all the time! One of our regular readers asked about the Emerging market currencies and particularly about Indian rupee in a comment this month. And I am ...
Expand sublinks   Also:  Breakingviews
 
I Confess, Graunt Didn't Invent Economics...
Sandwichman / Barkley Rosser
Aristotle did. As Philip Kreager reminded me:Historians of economics have for some time treated his [Aristotle's] writings as formative, even though relevant passages in the Politics and Ethics amount to only a few pages.Wait. There's more:In the Politics, however, population is a recurring topic, extensively discussed and integral to the ...
Expand sublinks   Also:  Uneasy Money
Related: Today's Economic History: John Maynard Keynes (1931): Unemployment as a World Problem
Brad DeLong / Grasping Reality
##Unemployment as a World Problem >**John Maynard Keynes :: Harris Foundation Lectures >**I. THE ORIGINATING CAUSES OF >I. We are today in the middle of the greatest economic catastrophe-the greatest catastrophe due almost entirely to economic causes-of the modern world. I am told that the view is held in Moscow ...
 
Core and periphery: different approaches to unconventional monetary policy
Marek Dabrowski / Bruegel
Comparing with the 'core' of the world economy, emerging-market economics have limited room for maneuver when it comes to applying unconventional monetary policy measures.
 
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IMF Not Funding July Greece Deal, Still Wants Serious Debt Relief Before Committing New Dough
Naked Capitalism
A Post-Referendum Agenda for Britain
Project Syndicate
Warning sign: China's currency at 5-year low
CNN
The IMF, Trying to Lend Europe Credibility for a Greek Bailout, Risks Losing Some of Its Own
WSJ Economics
S&P: The pound could lose its spot as one of the world's top currencies in a Brexit
Business Insider
I Confess, Graunt Didn't Invent Economics...
Barkley Rosser
Why Cheap Shale Gas Will End Soon
Oil Price
The benefits and trials of Abenomics
Japan Times
ECB warns of populist risk
FT
Should The Fed Tolerate 5% Unemployment?
Fed Watch
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Link: Centre for Macroeconomics
Link: Economic and Social Research Council
 
Last Updated: 08:17 GMT     Friday, 27 May 2016 Archive About FAQ Home