Should have had a more we do have it remains very large so yet were were in a bad situation i think and britain. Half a trillion of this quantitative easing and even voices in the military people see committee of the bank of england saying its not working yet well this voice is everywhere and now even some of the top x. Central Central Bank Governors raising questions about q. E. Mario draghi in his announcement talked about the need for governments to do more expanding fiscal policy and thats a view thats becoming increasingly prevalent i think amongst Monetary Policy makers governments arent yet getting the message that we still havent seen expansion in fiscal policy to create demand in the economy that i think you need the roots of the response problem to what we have right now are the roots to be found in postings because. I know youve been writing about the fact that we keep emphasizing Household Spending rather than innovation and progress and the fact that money supply may not b
Progress and the fact that money supply may not be the most important thing here it may be money allocation as someone from the Chinese Communist but anyway yes i think that is exactly the problem there isnt really a supply story problem theres a demand side problem the demand is coming from speculative speculative type demand so theres lots of demand from households to get mortgages to buy houses house prices keep going on as demand from investors to buy Financial Assets but there isnt enough them on from businesses to invest in innovation in Capital Investment paying pays it always is a group think they think that entrepreneurs Small Businesses big corporations they will be investing thinking its all about the private sector and theyll do it yeah i think it is about to do that i think the theory of quantitative easing is basically that if the Central Bank Buys up the safe. Assets the government bonds some of the Corporate Bonds that are held by Institutional Investors those Instituti
In japan and we still havent got anywhere near the levels of growth that we had precrisis so the output gap between the protect what could have the growth we should have had a more we do have it remains very long yet were were in a bad situation i think and britain. Half a trillion of this quantitative easing and even voices in the military will see committee at the bank of england saying its not working yet well theres voices everywhere now even some of the top Central Central Bank governors raising questions about q. E. Druggy in his announcement talked about the need for governments to do more expanding fiscal policy and thats a view thats becoming increasingly prevalent i think amongst Monetary Policy makers governments arent yet getting the message that we still havent seen expansion in fiscal policy to create demand in the economy that i think kids need. The roots of the response problem to what we have right now are the roots to be found in postings because. I know youve been wr
Representatives of workers from 26. 00 does also called for a 2 day strike while thousands gathered in the city to protest work is it queen mary hospital formed a chain to show their support but its in the universities where the power base of the protest movement can be found striking students have placed their education on hold for 2 weeks they say their books can wait because the future they are fighting for is more important wayne hay Al Jazeera Hong Kong. Well i still had saw the program will report from sudan where people are returning to destroyed homes after weeks of devastating floods. And a doctor becomes the latest victim of more lynchings activists say the government is to blame. Hello theres a smell of autumn in the air at least in the walls in europe and this is it its a long lasting and long running car front but the top half keeps getting renewed whereas the bottom half just adds a bit more cold to the atmosphere which allows thunderstorms to grow and theyve been doing t
A demand side problem the demand is coming from speculative speculative type demand so theres lots of demand from households to get mortgages to buy houses house prices keep going on as demand from investors to buy Financial Assets but there isnt enough them on from businesses to invest in innovation in Capital Investment paying pacing i wages is a group think they think that entrepreneurs Small Businesses big corporations they will be investing thinking its all about the private sector and theyll do it yeah i think it is about to do that i think the theory of quantitative easing is basically that if the Central Bank Buys up the safe assets the government bonds some of their Corporate Bonds that are held by Institutional Investors those Institutional Investors will then bible and sort in risky of bones from the real economy from medium sized and those firms will then use that money to invest in Capital Investment productive activity in reality. Well there isnt enough demand in the econ