Reuters (November 11)
“Signs of weakness are emerging” across the Chinese economy where “exports fell; inflation slowed; new bank lending tumbled…. Despite the authorities bucking the global trend… and deploying monetary and fiscal easing this year.” The “unexpectedly weak run of Chinese economic data” raises “the heat on policymakers to deliver more stimulus measures, but it also shows the limited effect more monetary easing and infrastructure spending can have.”
Tags: Bank lending, Economy, Emerging, Exports, Fiscal, Global trend, Inflation, Infrastructure spending, Limited effect, Monetary easing, Signs, Stimulus, Tumbled, Weak, Weakness
Washington Post (June 8)
“Fumio Kishida, the current Japanese leader, last week launched what he called the “Grand Design” for his “New Form of Capitalism.” It is neither simple or direct. “Watered down, muddled and both confusing and a bit confused, Kishida’s flagship economic policy could learn a lot from the Three Arrows,” which effectively simplified “a complex recipe of monetary, fiscal and supply-side solutions.”
Tags: “Grand Design”, Confusing, Economic policy, Fiscal, Flagship, Japan, Kishida, Monetary, Muddled, Supply side, Three arrows, Watered down
Financial Times (November 16)
“The US economy is facing an accelerating surge in coronavirus cases and harsh new restrictions on business activity without the cushion of meaningful fiscal support, raising fears of a blow to the recovery.” The market has rallied on vaccine advances, but “the deteriorating health situation across the country presents an imminent threat to the US economy as the winter months approach.”
Tags: Accelerating, Advances, Coronavirus, Deteriorating, Economy, Fears, Fiscal, Rallied, Recovery, Restrictions, Support, Surge, US, Vaccine
The Economist (September 22)
“Mr Abe may be burning to give Japan a more normal foreign policy, but what it needs most is a more normal economy. His signature policy—Abenomics—is far from complete. The fiscal and monetary expansion, his first two “arrows”, were supposed to buy time for the third and most important one: sweeping structural reforms, leading to enduring growth. The economy should take precedence over constitutional reform… Otherwise, Mr Abe will be remembered less for his long tenure than for wasting it.”
Tags: Abe, Abenomics, Arrows, Constitutional reform, Economy, Expansion, Fiscal, Foreign policy, Growth, Japan, Monetary, Structural reforms
Financial Times (November 24)
“A careful, calibrated fiscal adjustment to return a government to sustainability is one thing. A brutish insistence on running surpluses well into the future is quite another.” The EU should avoid “choking off a nascent recovery in the Greek economy and setting back the cause of reducing its debt burden.”
Tags: Calibrated, Careful, Debt burden, EU, Fiscal, Government, Greek economy, Recovery, Surpluses
Financial Times (May 2)
More needs to be done on fiscal and monetary co-operation. “The past few weeks have highlighted the limits of monetary policy expansion. The current framework combining quantitative easing and negative interest rates is offering rapidly diminishing returns because it is not producing the large, permanent increase in the money in circulation that would be required to turn inflation expectations around and lift the world economy out of deflationary deadlock.”
Tags: Cooperation, Deflationary deadlock, Diminishing returns, Economy, Expansion, Expectations, Fiscal, Inflation, Limits, Monetary, Negative interest rates, Quantitative easing
Financial Times (June 9)
“Shinzo Abe’s gamble to revive Japan’s economic fortunes faces its biggest test so far.” Moving on to his “third arrow” of fiscal/regulatory reform to stimulate the market is essential, but “politically, this is a tall order. Structural changes are bound to affect powerful insiders.”
Tags: Fiscal, Insiders, Japan, Market, Regulatory reform, Shinzo Abe, Structural changes
Financial Times (March 22)
America needs to get its fiscal house in order. “Halfway through the current fiscal year, the US still has no budget and shows little sign of getting one.” In a sign that Congress is unable to make progress on its own, 64 Senators asked President Obama to directly intervene. The Financial Times believes he must try. He alone “might sway the country and break the impasse.”
America needs to get its fiscal house in order. “Halfway through the current fiscal year, the US still has no budget and shows little sign of getting one.” In a sign that Congress is unable to make progress on its own, 64 Senators asked President Obama to directly intervene. The Financial Times believes he must try. He alone “might sway the country and break the impasse.”
