Economics
Shaun Richards – Central bankers are experiencing a complete loss of credibility
Central banks have lost control of both the narrative and the markets. Read Here
Shaun Richards
Economics
Shaun Richards: The ECB is slamming the brakes on the Euro area economy
The situation is simply that the ECB made things worse by ignoring the incoming inflation storm and now seems set to continue tightening when the outlook is better. So they made it worse on the […]
Economics
Shaun Richards -Falling house prices in Germany add to the pressure on the ECB
Last week brought some news which caught my eye. On Thursday Bloomberg told us this. Germany’s housing boom is over as prices for residential properties dropped for the first time in over a decade. Read […]
Economics
Shaun Richards: The ECB and Christine Lagarde now want to enforce real wage cuts for Euro area workers
Inflation made workers even worse off as real wages fell. Now the ECB is determined to stop wages exceeding inflation for any form of catch-up let alone growth. Read Here
Economics
Shaun Richards: What will happen to economies in 2023?
That is really rather a mess as we know it rallied into the 132s. Anyway this leads me to my first two thoughts. Number one is that inflation levels will fall as we head into […]
Economics
Shaun Richards: Borrowing for the energy crisis has become much more expensive for Euro area governments
Bloomberg has taken a look at what the energy crisis has cost so far and the numbers are not pretty. Europe got hit by roughly $1 trillion from surging energy costs in the fallout of […]
Economics
Shaun Richards: The ECB has set itself up for a disastrous policy error with echoes of 2011
Yesterday turned out to be quite a day in central banking terms. There is much to say about my home one as in the Bank of England, but the truth is that even the extraordinary […]
Economics
Shaun Richards: Italy faces a tough 2023 with real wages falling by 8% and soaring energy prices.
It is nice for once to be able to look at some growth in the Italian economy. The problem is that as I look at this quarter and the prospects for 2023 we have real […]
Economics
Shaun Richards: Is Blackstone the canary in the commercial property coal mine?
Overnight we have perhaps seen a signal of something that worried us for some years. Read HERE Photo . Jim.henderson Wikimedia Commons
Economics
Shaun Richards: China looks to expand bank lending to support property prices and domestic demand
In China, two themes collide: one is the dependence of the Chinese economy on its property sector and the struggles of the latter. The other is the Zero Covid policy which is simply an excuse […]