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

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 407 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

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.