Markets: The dangerous politics of central banks | The Economist

According to the Economist, central banks are now major creditors of western governments, guarantors of the financial system, set the cost of borrowing, potentially control access to housing finance (via macroprudential policy) and, at the ECB, mediating between the claims of creditor and debtor governments.

Source: Markets: The dangerous politics of central banks | The Economist

This is a first rate article. But what would we do if the central banks sat on their hands, certainly we couldn’t wait for political leaders to act?

Thoughts

IMF Survey : Spain: Maintaining the Strong Growth Momentum

International Monetary Fund

International Monetary Fund (Photo credit: Wikipedia)

Spain gets praise from the IMF, which is quite rare. Check it out!

via IMF Survey : Spain: Maintaining the Strong Growth Momentum.

Spain has taken her austerity medicine undiluted and there are deep scars with youth unemployment at over 50%. BUT Spain has rebounded.

It will be interesting to see how Spain’s voters rate the improvements.

Thoughts?

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