Articles by The Corner

UK monetary policy

UK Monetary Policy Is Too Tight: Easing Required

James Alexander | Not quite the line you will see across most of the market or amongst so-called monetarist economists. In fact, implied by actual nominal growth and expectations for nominal growth monetary policy is too tight. Nominal GDP growth is running at 3.7% YoY and falling, while the best measure of inflation around, the implied GDP deflator is running just below 2%.






Private debt in Spain is adjusting

The Process Of Private Debt Adjustment In Spain May Be Nearing An End

Financial institutions, companies and households have continued to adjust the debt accumulated in the first half of the year. In the case of non-financial companies and households, their level of debt is increasingly closer to the European average, against a backdrop of greater economic growth and preference for home ownership.



Catalan question

The Catalan Question Thrown For A Loop

Catalan leader Carles Puigdemont had until 10 am on Monday 16 October to clarify whether he has declared independence or not. As was widely expected, he answered PM Mariano Rajoy in an ambiguous way, with neither a clear yes nor a no. He has until Thursday at 10 am to avoid the government applying article 155 of the Constitution.


REE still eyeing Hispasat

Red Electrica: Still Eyeing Potential Acquisition Of Hispasat

Abertis and Red Eléctrica are keeping talks open regarding an eventual corporate deal involving Hispasat. According to the press, Abertis, which holds 90.4% of the satellites firm, is asking for a control premium in addition to the valuation it made of the company in May.

 


European financial industry awating for MiFid2

Rosy Post MiFid2 Outlook?

The European Financial industry is clearly suffering when trying to meet the constraints imposed by the new transparency European regulation a few weeks before the gong (January 2018).