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have scheme and the effects over the last couple of years. the chancellor this afternoon announcing capital tax allowances to last more than three years, that is going to help boost capital spending in the economy. and we have seen a whole raft of supply measures. more on the labour side so the obr still has slightly more optimistic take on structural side of the economy which to me looks a little bit more optimistic than i would say. regardless of that, they have toned down there for —— forecast of the autumn. before expecting around 2% and have taken but down a notch but it still. it going and have taken but down a notch but it going back to the fiscal ruling that the chancellor has if that does prove incorrect if growth does come in a bit lower of the next five years, all of this fiscal headroom, the wiggle room that he has will be gone. 50 the wiggle room that he has will be �*0ne- , the wiggle room that he has will be ione. , ., ., the wiggle room that he has will be one, , ., ., ,
eras of the past, which they shared with the world�*s leading central banks, they didn�*t see the big inflation they triggered, they didn�*t have sensible advice in good time to see off the inflation. and, now, late in the day, when the inflation is very visible for all to see, they suggested taking measures to tackle it when the world has moved on. they should now be warning the world about the coming recession, which is in danger of digging in in many leading countries because of policies being followed. and will be the enemy of the future. what should the british government then say to the imf? i don�*t think then say to the imf? i don�*t think the british government should say anything to the imf, we don�*t want a site or a dialogue between the british government and the imf. the other thing, british government and the imf. the otherthing, imf british government and the imf. the other thing, imf and other commentators would be —— well advised to do isjudge commentators would be —— well advised to do is judge the whole policy because, so far, we have seen some tax proposals that we have not yet seen a whole series of supply measures, which will clearly be needed at the same time as
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Note: I learned of the Fed’s redefinition of M1 from the invaluable research of John Williams at Shadowstats.com – This information was not reported by any mainstream financial news sources. The Federal Reserve quietly announced on December 17, 2020 that it is redefining the M1 and M2 Money Supply Measures (H.6 Release) by shifting the savings deposits component into M1 from M2. M1 is supposed to measure “demand money” – i.e. funds that can be accessed for use without prior notice, primarily checking account funds, including travelers checks and free-floating currency. M2 is M1 plus “term” deposits: savings accounts, CD’s in amounts of less than $100k and retail money market funds.