Blog
Stagnation and other breakfast reading
29th October 2008
Hamish McRae asks can we avoid the years of stagnation suffered by Japan?
Larry Elliott in the Guardian reports on a stunning decline in US consumer confidence - expect the US Fed to continue their journey to take base interest rates towards zero
The Financial Times reports on a steep and sudden decline in world oil production as producers respond to the collapse in prices
And Tim Besley from the Monetary Policy Committee - regarded as one of the most hawkish on the MPC - says that inflation is no longer a threat .... further evidence that the MPC is likely to slash UK base rates to 3% of less in the coming months
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.