his latest speech on stablecoins is riddled with bad theory (loanable funds) and misunderstandings (stablecoins are not a savings instrument)
his latest speech on stablecoins is riddled with bad theory (loanable funds) and misunderstandings (stablecoins are not a savings instrument)
funding pressures for cash-poor institutions + uncertainty for cash-rich institutions
funding pressures for cash-poor institutions + uncertainty for cash-rich institutions
Labour says bond markets matter when you're above zero interest rates, but wont say fiscal politics ALWAYS involve a fiscal trinity:
central bank - Treasury - bond market
Labour says bond markets matter when you're above zero interest rates, but wont say fiscal politics ALWAYS involve a fiscal trinity:
central bank - Treasury - bond market
reliant on OBR art of productivity divinations, random 5 year horizon for debt rule, and now also anticipatory austerity to build 'fiscal headroom', which may be just a cynical 'tighten now, spend later in the political cycle' move
reliant on OBR art of productivity divinations, random 5 year horizon for debt rule, and now also anticipatory austerity to build 'fiscal headroom', which may be just a cynical 'tighten now, spend later in the political cycle' move
in solidarity!
in solidarity!
may let them pollute for another 15 (!!!) years instead of nationalising Thames Water?
incredible.
may let them pollute for another 15 (!!!) years instead of nationalising Thames Water?
incredible.
Cause Burnham can't do anything about it, but Reeves can.
Cause Burnham can't do anything about it, but Reeves can.
that's why Macri got the IMF loan, not because he was close to the previous Trump Administration
that's why Macri got the IMF loan, not because he was close to the previous Trump Administration