ftalphaville.ft.com - 1/23/2009
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The UK's in recession, and it's worse than we thought.
From Reuters:
KEY FIGURES FOR PRELIMINARY Q4 GDP
Q4 08: -1.5% QQ, -1.8 YY (FCAST -1.2% QQ, -1.4 YY
Q3 08: UNCHANGED AT -0.6 QQ, 0.3 YY
The quarterly figure is the biggest since Q2 1980, while full-year GDP is the weakest since 1992....
globaleconomicanalysis.blogspot.com - 1/22/2009
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globaleconomicanalysis.blogspot.com —
The British Pound has imploded on fears of
bank nationalization and Prime Minister Gordon Brown’s plan to...
give the Bank of England unprecedented powers to buy securities. This chart paints the not so pretty picture. British Pound vs. US$ Monthly ...
(more)
Pound Sinks As Britain Teeters On Edge Of Bankruptcy
ft.com - 1/20/2009
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ft.com —
Britain paved the way towards unconventional monetary policy
in Europe on Monday when the government gave the...
Bank of England authority to create money and buy a variety of private sector assets. Although there is no sign the Bank’s monetary policy ...
(more)
FT.com / UK - UK move to boost cash supply
economicdiscourse.com - 1/29/2009
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economicdiscourse.com —
Boeing Will Eliminate 10,000 Jobs After Posting Loss
on Recession, Strike UK economy will shrink faster than...
rest of the developed world, IMF predicts Recession hits China harder than India China, Switzerland agree to begin feasibility study on free trade zone
(more)
Daily Mix - Job Cuts, U.K. lagging the developed world, ...
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UK GDP Down at Lowest QoQ Level in 29 Years
EconomPic —
FT Alphaville reports: The UK's in recession and it's worse than we thought. The quarterly figure is the biggest (decline) since Q2 1980, while full-year GDP is the weakest since 1992. The standout disaster was manufacturing, down 4.6 percent on the quarter.
Friday links: model malaise
Abnormal Returns —
... forgot that it is no longer 2007 and toilets need not cost $35,000. (Curious Capitalist, Clusterstock, naked capitalism, EconomPic Data)
We are already weary of the bank nationalization debate. For those not, a collection of links. (Economix also Interfluidity)
The UK is officially in a recession. (FT Alphaville, Big Picture)
Rail shipments ...
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Operation QE begins
ftalphaville.ft.com 3/11/2009 — From Reuters.
BANK OF ENGLAND SAYS ALLOTS £1.999bn of £2bn GILT PURCHASES TO COMPETITIVE BIDS.
BANK OF ENGLAND SAYS TOTAL OFFERS RECEIVED £10.508bn.
BANK OF ENGLAND SAYS BUYS £339m of 5.0% 2014 GILT AT WEIGHTED AVERAGE PRICE OF 114.792.
BANK OF ENGLAND SAYS BUYS £440m of 4.75% 2015 GILT AT ...
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stumblingandmumbling.typepad.com 11/28/2008 — Here’s a puzzle. Morally speaking, does it make sense to worry so much about recession whilst having supported the policy of inflation targeting for the last 16 years? When the Bank of England raises interest rates in normal times to reduce inflation ...
Could the UK face a sterling crisis, or are we in one already?
blogs.ft.com 11/17/2008 — In an earlier post to this blog, I raised the possibility that the UK might face a triple financial crisis: a combined banking crisis, sovereign debt crisis and sterling crisis. Let me be clearer than I was before about what I mean by a financial ...
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benbittrolff.blogspot.com 11/6/2008 — The market was expecting 1% at most. This cut smells of absolute panic. The market is taking this as a bad bad sign. This is the largest single cut I’ve ever seen from the Bank of England. Just another Step Closer to ZIRP, Liquidity Trap, Lost Decade. ...
FT.com / UK - Is your recession really necessary?
ft.com 1/5/2009 — What a bleak midwinter. It is still hard to see where any green shoots of recovery will break through the permafrosted ground. The recession seems especially unnerving given the length and scale of the good times which preceded it - years in which the ...
U.K. Recession Worse Than Estimated on Spending Slump (Update2)
bloomberg.com 3/27/2009 — March 27 (Bloomberg) -- The U.K. economy’s contraction in the fourth quarter was deeper than previously estimated as consumer spending and construction slumped the most since 1980. Gross domestic product fell 1.6 percent from the third quarter, ...
Still waiting for deflation
ukhousebubble.blogspot.com 3/25/2009 — Today's inflation numbers were bad, although you wouldn't know it listening to any journalists. The headline consumer price index increased to 3.2 percent, up from 3 percent in January. So did the retail price index (excluding housing and indirect ...
News Release - US Dollar Liquidity Operations
bankofengland.co.uk 10/13/2008 — In order to provide broad access to liquidity and funding to financial institutions, the Bank of England, the European Central Bank (ECB), the Federal Reserve, the Bank of Japan, and the Swiss National Bank (SNB) are jointly announcing further ...
Recession is 'Official:' Is It Time To Look Forward?
financialphilosopher.typepad.com 12/2/2008 — Pencil_binoculars "It' easy to see -- hard to foresee." ~ Benjamin Franklin Now that we are "officially" in a Recession, what does that mean for stocks going forward? Of course, no one really knows the answer to that question, and I certainly will ...
Obama's Financial Clampdown —
The Big Money 1/25/2009
Obama's first week in office continues to spur the leading stories in the New York Times and the Washington Post , which paints a picture of what to expect in the coming week as Congress takes up the president's stimulus bill. The WP outlines ...
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