Jump to content
House Price Crash Forum
Sign in to follow this  
interestrateripoff

Lehman’S Curse Spurs Deutsche To Pitch New Central Bank Targets

Recommended Posts

http://www.bloomberg.com/news/2014-11-14/lehman-s-curse-spurs-deutsche-to-pitch-new-central-bank-targets.html

More than six years since the collapse of Lehman Brothers Holdings Inc., the aftershocks are still reverberating.

Take, as Deutsche Securities Inc.’s Mikihiro Matsuoka has done, a list of eight economic measures and see how many nations have returned to their pre-crisis levels.

The answer for most is sobering. The U.S. comes out top among major developed economies, having clawed back all the ground it lost in industrial production, employment, private-sector lending and gross domestic product -- both when inflation is accounted for, and when it’s not.

The U.S. is still to revisit its peaks of core inflation and money supply growth, or to reach the low for unemployment. The U.K. has hit three of the eight gauges, while the euro-area only has managed to build back its level of nominal GDP, with Greece, Italy, Spain and Portugal not even doing that.

“The Lehman crisis marked a regime change in the global economy,” says Tokyo-based Matsuoka.

As Deutsche Bank’s chief economist for Japan, Matsuoka focuses on how the world’s third-largest economy has fared. While Japan scores for unemployment, lending and core inflation, Matsuoka discounts the labor-market gains because of the rising role of part-time workers.

Interesting, but aren't the US jobs gains in part-time work and low paid employment?

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   203 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.