Eagle Point Credit Company Inc. today announced financial results for the quarter and fiscal year ended December 31, 2020, net asset value as of December 31, 2020 and certain additional activity. | February 28, 2021
Sunak s dangerous tax rises are about politics, not economics
The UK s favourable debt dynamics give the Chancellor room for manoeuvre – he should take full advantage of the situation
23 February 2021 • 6:00am
Rishi Sunak may be too busy putting the finishing touches to his second Budget to notice, but across the pond a political sprint is underway in Washington.
When passed, the stimulus will amount to 10pc of American GDP. With the tailwind of a supportive Federal Reserve, the Stateside debate is over whether the vast sums involved will unleash inflation. President Biden wants to see a US economy come “roaring back” and said last week: “The overwhelming consensus is to support the economy, you can’t spend too much. Now’s the time we should be spending.”
Beware soaring bond yields, but don’t pull the trigger just yet
As countries navigate the minefield of economic reopening, they have the makings of a new taper tantrum on their hands
This article is an extract from The Telegraph’s
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It is too soon to panic over the bond market massacre. The spike in global borrowing costs since January takes us back to pre-Covid levels. It is not a macroeconomic tightening shock.
Before his death on February 6, George P. Shultz, a former US Secretary of the Treasury and Secretary of State, co-authored a final commentary warning of the dangers posed by the vast increase in US government spending in recent years, including during the COVID-19 crisis.
Fears of credit rating downgrades will deter the world's poorest countries from taking advantage of debt relief being offered under the G20 common framework, World Bank chief economist Carmen Reinhart said.