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Global Economy: Austerity's End?

Monday, September 23, 2013 - 04:25

Sept. 23 - Highlights of the closing plenary at the 30th Oxford Analytica Global Horizons conference featuring HSBC's Stephen King, Jim O'Neill formerly of Goldman Sachs and Rob Wescott of Keybridge Research.

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I'm promises that we've we've kind of awesome too much about mostly his old they cost too much of themselves. QB policies. -- -- I would suggest is being. But what powerful antibiotic designs -- -- a really significant. Problem. In the global economy that's the book because you put this loss depression. But not become I would say it's like. An addiction I kinda nice to feel incredibly difficult to get off but also there's accusations it would damaging side effects it'll come forces. Thousand fees. Somewhat recovered some respects. Perhaps the most simplest questions the US students they've done things -- and -- -- I'm so. This decade is all about John have been a bit less -- wheelchair dribble on you know -- us from Boston's. The financial sector is back on its feet C and I loans are back to where they work they've they've they've hit their peak of 2007. Bond issuances higher than 2007. Sub prime -- high yield bond -- four times what it was in 2007. A charge offs for bad. For bad credit for banks. Basically back to thirty year averages. You know availability of credit for car loans and all that sort of thing excellent shape record bank profitability so I think the banking system is now open for. So I was spectacular result here is in crisis once and for Roland do you with a whole thing. He used the fiscally and physically you know we need to have a one off program debt forgiveness -- like the Resolution Trust Corp. US. -- on his -- intestinal crisis. It didn't back -- you know it's still going to be to the main reason -- watch on -- hustle in my opinion is growth rate deliberately slow that doubtless. -- just found evidence on my father -- coolers for themselves short term -- -- records here. -- I am really impressed most of what went on him. This is that this is a country. No it was about the -- challenges in my opinion and trust controls -- with the economical source control. Think complete culture Austin the most excited about Japan and been twenty years. You know mr. update has captured the imagination of people has been war. Emotion. Or. Excitement about the policies than I expected this kind of -- -- is the most economists. -- policy options opt for. But I -- the theological option. Which would cover every time the Fed has raised interest rates the stock market always gone down it usually goes down five to 10%. And usually last 345 months six months later the stock market always higher than it was when Buffett first took its action and you know I think we need a little bit of tough -- up there again and you can't have sugar water forever. If the schools across the first place was for the balance of the brightness bush policies that. I'll also to the crisis is equivalent balances various obstacles have been struck XP every argument that suggests that the president. Also -- Dick punished with the expectation that gain him experience for -- -- it's our apostles believe that children get everything wrong and Jamaican. Ranges from winning you're -- -- to go -- If you look at some of the on the line real evidence about reform opponents -- obviously some of these guys that have been put on to the culture neutral zone -- Ireland that particular parts Portugal. In my opinion won't you give credit -- spine maybe bunkers that doing structural things that we wouldn't let alone without costs. The benefits of QB type policies have gone to. Primarily a minority in the population what it. It's got to kind of the main street bonuses Wall Street store -- treat -- well it's just come back at all in the UK QBs look through two different channels. It's little exchange rates helped push up. Headline inflation squeeze wages at the same kind of lifted the value of financial assets to a few articles I've asked -- really really well. The body differently should have done much less well. Siegel is peculiar that the -- you facts. Which -- crisis I would argue that gap between financial opens today from Libya us.

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Global Economy: Austerity's End?

Monday, September 23, 2013 - 04:25