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Bitcoin Steady Above $29K, Bond Yields Rise As BOJ Makes Yield Curve Control More Flexible - BOJ announced a proper yield curve control tweak with semantics that camouflaged the hawk... - coindesk.com/markets/2023/07/2

#boj #news #bitcoin #markets #centralbanks

Last updated 1 year ago

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Emeritus Prof Christopher May · @ChrisMayLA6
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@sjwrenlewis reflects on comparative recovery & the impact of across five states to ponder the Q. what is causing this persistent period of heightened inflation & what might we do (other than pin our hopes on rises) to deal with it....

plot spoiler: its not about the wage-price spiral beloved of politicians & the ... if you ignore the real causes, your sado-monetarist policy response will (as it is) be a war on

mainlymacro.blogspot.com/2023/

#Inflation #interestrates #tory #centralbanks #workers

Last updated 1 year ago

openDemocracy · @openDemocracy
4666 followers · 508 posts · Server newsie.social

EXCLUSIVE: Bankers have pocketed a wage rise while telling ordinary Brits to “accept” being poorer.

Bank of England bosses accept pay rise, despite telling others not to.

opendemocracy.net/en/bank-of-e

#uk #economics #costofliving #inflation #pay #wagerise #uknews #centralbanks

Last updated 1 year ago

Emeritus Prof Christopher May · @ChrisMayLA6
2456 followers · 7428 posts · Server zirk.us

@NapelsGeel

I have a problem with the term (it now seems to be a general term of abuse rather than a clearly defined set of economic commitments), but I agree that the are labouring under an ideological commitment, in this case, to monetarism - or what William Keegan once called 'sado-monetarism'.

#neoliberalism #centralbanks

Last updated 1 year ago

Emeritus Prof Christopher May · @ChrisMayLA6
2447 followers · 7396 posts · Server zirk.us

What I want to know is how long will keep tightening the screws on economies, forcing , while they wait for the policy to have a significant impact on ?

the 'cure'/'treatment' is now getting (much) worse than than the 'disease' and for those concerned about inflation some new policies will be required.... or will they sit in their fortresses happy to burn the country/countries to the ground?

Madness is doing something again & again when it hurts!

#centralbanks #recession #Inflation #financial

Last updated 1 year ago

Emeritus Prof Christopher May · @ChrisMayLA6
2290 followers · 7162 posts · Server zirk.us

@adamtooze telling it like it is (and a message for ):

'If we are serious about rebuilding the fabric of our common life with public investment, how far can we subordinate fiscal policy to the demands of financial stability? And if you understand the extreme urgency of the climate problem, can we risk throttling green investment with austerity, as we did in the 2010s?'

isn't throttling everything in the service of 'squeezing' out of the system!

#rachelreeves #democracy #centralbanks #Inflation

Last updated 1 year ago

Emeritus Prof Christopher May · @ChrisMayLA6
2288 followers · 7133 posts · Server zirk.us

And still the continue to trot out the 'wage-price' spiral as the key cause of inflation, as justification for continued rises in & the likely that they are engineering.

Its about time they understood wage rises (where they are achieved) are a lagging factor - following inflationary pushes - not the cause.

In the UK that would require a clear appreciation of the role of ; more widely it needs a focus on the role of & maintaining margins!

#centralbanks #interestrates #recession #brexit #profits

Last updated 1 year ago

Poetry News · @haikubot
785 followers · 8296 posts · Server mastodon.cloud

Central bankers across the land
Say their policies are grand
To beat back inflation
They must act with elation
And stop slow and steady as planned

cnn.com/2023/06/25/business/ce

#centralbanks #inflation #interestrates #economy #limerick #poetry

Last updated 1 year ago

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