EU Problems Ahead

WEEKLY COMMENT 28-09-2017

By Barry Edwards

EU Problems Ahead

An interesting short paper was posted by the Cobden centre entitled ‘The forthcoming global crisis`. It is about the likelihood of a recession happening in the next eighteen months and it explains why they believe it could be caused by the sudden rise of interest rates in the Eurozone. The Cobden Centre is a British independent educational charity founded formally to undertake research into economic and political science and to disseminate the results thereof and to advance the education of the public in economic and political science. If you click on the link below you can read the paper, it is about 7-8 pages;

http://www.cobdencentre.org/2017/09/the-forthcoming-global-crisis/?t=1&cn=ZmxleGlibGVfcmVjc18y&refsrc=email&iid=b122b1720f2540d2aa7b0ddd10ef9776&uid=733109551&nid=244+272699400 read more

Eurozone Integration

WEEKLY COMMENT 14-09-2017

By Barry Edwards

Eurozone Integration

This week we have had the ‘State of the Union’ speech from Jean-Claude Juncker and a statement from the French finance minister Bruno Le Maire at the gathering of finance ministers in Tallinn, the Estonian capital, that Paris and Berlin would push through an overhaul of the Eurozone.

The Juncker speech was a typical federalist approach with some solid suggestions that were well received but most reactions were that most of it would not happen. It comes as no surprise to anyone that the real power lies firmly in the hands of France and Germany with the main thrust for now coming from President Macron. Angela Merkel has made it known that she is willing to go along with some of the French plans but while the German election is still pending the commitment is to be confirmed after the 24th of September. read more

New Writer for BEA

 New Writer for BEA

 

It is with great pleasure that I introduce a new writer to Barry Edwards and Associates (BEA) this week. His name is Rob Thomas and he has many years of experience in the field of mortgages and property funding and you can read his profile under the ‘About Us’ menu at the top of the page which explains his business activities in more detail. During his early career Rob spent some time as an economist at the Bank of England which gave him the experience to write a report about central banks entitled ‘Unconventional monetary policy explored-The case for replacing QE with a sovereign wealth fund’. read more

National Equity

WEEKLY COMMENT 31-08-2017

By Barry Edwards

National Equity

A new concept has been put forward by Richard Murphy of the Tax Research blog about establishing equity capital for countries to be invested in infrastructure and other important requirements to develop and support the nation as a whole. The basis of the idea is that the central bank creates money similar to the quantitative easing policy but instead of issuing bonds which the central bank buys, an equity fund is established and is used on behalf of the nation as described above. read more