Tag Archives: household debt

Forget Brexit, debt is what is killing the British economy

The International Monetary Fund is worried. Yes, it’s true that it always is, but this time we should be, too — or at least, those of us living in Britain.

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A research paper supports the idea of debt forgiveness

If you’re like me, you’ve certainly wondered why economic growth has been so sluggish after the worst post-war recession — the Great Recession, or Great Financial Crisis as some have callednthe 2007-2009 crisis. Normally, the economy should have surged, after such a deep slump.

Instead, we’re proud of economic growth figures around 2% in Britain and the US and cheer when the eurozone posts a meager GDP advance of above 1% almost a decade after the crisis.

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Central bankers are trapped by their own policies

It’s unclear when it all started, but it has reached the point where it would make the biggest banker of all times, John Pierpont Morgan, turn in his grave.

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Post Brexit, loss of ‘coolness’ is the hardest to price in

The way the markets have reacted to Brexit, you’d be forgiven to wonder what the fuss was all about.

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Learn to love the Swedish housing price bubble

The issue of the runaway Swedish housing price bubble has been well known for a while, and the problem just keeps growing bigger. At this point, however, any attempt to tackle it could make things worse.

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The UK would cope well with a rise in interest rates

As more and more people fret about imminent interest rate increases by the Federal Reserve and the Bank of England, a report release by the Bank for International Settlements (BIS) shows that companies and households in the UK would be able to cope relatively well with a rate increase.

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Profit from the crisis by giving up interest rates

Inflation has been on a break for a while, and worries about deflation mount. But rather than worrying, perhaps it would be better to see this new face of the crisis as an extraordinary opportunity: that of doing away with debt as the main driver of growth.

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UK household wealth jumps by 19% on house prices, stocks

UK household wealth surged by 19% in a year to reach 9.1 trillion pounds ($14.4 trillion) at the end of 2014, data from Lloyds Bank Private Banking show.

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Sort out the issue of Swiss franc loans, once and for all

By Piroska M. Nagy

This article was first published on the website of the European Bank for Reconstruction and Development (EBRD).

The Swiss National Bank’s January decision to remove the Swiss franc’s cap against the euro has sent shockwaves through the global economy. It triggered particularly strong reactions in parts of central and south-eastern Europe, where currencies in some countries came under severe pressure.

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Swiss National Bank makes new victims

The Swiss National Bank’s shocking decision last week to scrap the cap that was preventing the Swiss franc from appreciating to more than 1.20 to the euro continues to play out in the markets.

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