Why economists keep getting policies wrong
19 Feb, 2021 04:28 AM
4 minutes to read
The growing debt load in the current climate is something we should be concerned about, writes Philip Stevens.
The growing debt load in the current climate is something we should be concerned about, writes Philip Stevens.
Financial Times
By: Philip Stephens The other week I caught sight of a headline declaring that the IMF was warning against cuts in public spending and borrowing. The report stopped me in my tracks. After half a century or so as keeper of the sacred flame of fiscal prudence, the IMF was telling policymakers in rich industrial nations they should not fret over huge build-ups of public debt during the Covid-19 crisis. John Maynard Keynes had been disinterred, and the world turned upside down.
Credit Suisse on Thursday said it plans to up lending volumes and capitalise on a boom in share listings to shore up revenue, after low interest rates and legal charges tipped the bank into the. | February 22, 2021
On this edition of Your Call, we discuss the movement to cancel student debt. More than 43 million borrowers owe a collective $1.7 trillion in student debt
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Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
Daragh Maher, HSBC’s U.S. head of foreign exchange strategy, sees a robust case for loonie appreciation,
“The case favoring the CAD is robust. The currency has fared well during previous global economic upswings, and should capitalize on the expected improvement as COVID-19 vaccines foster a marked bounce in activity. Part of this CAD sensitivity to global growth relates to the lingering importance of the energy sector to Canada’s economy. Higher oil prices have helped the CAD and should continue to do so. In fact, Canada’s economy has been outstripping consensus expectations for years and the BoC is increasing
Credit Suisse on Thursday said it plans to up lending volumes and capitalise on a boom in share listings to shore up revenue, after low interest rates and legal charges tipped the bank into the red in the fourth quarter.