I am not the only person to think Janet Yellen got very close to effectively nationalising large parts of the US banking system on the last
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One of the questions Danny Blanchflower was asked yesterday on the BBC’s World at One was whether he thought recession in the UK was likely.
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Yesterday was a bit of a day. There were seven posts here. I had a comment in the Independent in the morning. That was followed by
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These are from my Twitter posts after this lunchtime’s decision to raise Bank of England base rate by the Monetary Policy Committee:

Prof Charlie Bean, formerly of the Bank of England and deputy director there for monetary policy, spilt the beans about what the Bank of England
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One of the problems that exists within the economy at present is low pay. Far from their being a wage-price spiral, pay is dragging behind
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As a result of recent blog posts, I have added these items to the glossary over the last day or so: Unrealised profit Unrealised loss​
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Danny Blanchflower and I sent this letter to the FT yesterday. It did not get in, so I will share it here instead: Sir or
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Janet Yellen has talked about the US government offering a 100% Federal government guarantee to all depositors in smaller US banks, of which there are
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