/explore
|
You are here 
|
squirrel.co.nz | ||
| | | | |
jwmason.org
[AI summary] An economist blogs about a consensus view that ultra-low interest rates failed to stimulate growth significantly but were necessary evils compared to the harm caused by insufficient fiscal policy, while also critiquing the economic debate regarding savings gluts and inflation. |
|
| | | | | ||
| | | | |
www.eliza-ng.me
The recent news surrounding Scotiabank is a sign of the economic toll being felt across Canada. Scotiabank is being pulled in two directions - over-exposed to LATAM and under-exposed to attracting deposits compared to loans - causing their interest margins to suffer. On top of this, they have had to book provisions of $638 million, up from $222 million a year ago, due to increased odds of loan defaults in a rising interest rate environment. |
|
| | | | | ||
| | | | |
digbysblog.net
[AI summary] The article discusses the U.S. economy's strong post-pandemic recovery, highlighting its outperformance compared to other major economies and the effectiveness of fiscal policy over monetary policy in economic management. |
|
| | | | | ||
| | | | |
www.eliza-ng.me
The recent news of the demise of Silicon Valley Bank (SVB) has sparked debate over the role of government in protecting depositors and ensuring that banks do not become a burden on taxpayers. SVB's failure was caused by its heavy investment in long-term bonds, whose value dropped when interest rates rose. This left the bank unable to meet its obligations to depositors, who would have lost their money had the government not stepped in with emergency funds. |
|
| | | |||
