The backlash? It took Boris Johnson to test positive for COVID-19 for Britain to get its act together in tackling the contagion. There’s lockdown, there’s increased testing, retired NHS workers are being called back to work and fines are being levied for anyone breaching the Coronavirus Act. But here’s the real deal. Britain has declared … Continue reading Chinese checked?
A world without a leader Being a sincere kid who needed extra-curricular validation, I used to attend essay writing competitions at school. A whole bunch of losers like me would sit down and write on a given topic. ‘Unity in Diversity’ was a favourite. ‘We live in a global village’ was another. This one made … Continue reading Vacuum, China and a Whatsapp Forward
The cure can’t be worse than the disease. Really? One reason why the current economic crisis has foxed policymakers and central bankers all over is the ‘twin problem’ challenge confronting them. The ‘second’ problem is easier to solve. Consumer demand is weak in the economy and the government needs to act as the spender of … Continue reading The Twin Problem and China’s Next Steps
Fed cuts rate to zero, what next? A key role of any central bank is to provide liquidity to the financial systems. During times of economic distress liquidity dries up – value of assets falls, demand shrinks, and businesses find it difficult to manage everyday operations. Central banks add liquidity into the system through multiple … Continue reading This is different