In japan and we still havent got anywhere near the levels of growth that we had precrisis so the output gap between the protect what could have the growth we should have had a more we do have it remains very long yet were were in a bad situation i think and britain. Half a trillion of this quantitative easing and even voices in the military will see committee at the bank of england saying its not working yet well theres voices everywhere now even some of the top Central Central Bank governors raising questions about q. E. Druggy in his announcement talked about the need for governments to do more expanding fiscal policy and thats a view thats becoming increasingly prevalent i think amongst Monetary Policy makers governments arent yet getting the message that we still havent seen expansion in fiscal policy to create demand in the economy that i think kids need. The roots of the response problem to what we have right now are the roots to be found in postings because. I know youve been wr
A demand side problem the demand is coming from speculative speculative type demand so theres lots of demand from households to get mortgages to buy houses house prices keep going on as demand from investors to buy Financial Assets but there isnt enough them on from businesses to invest in innovation in Capital Investment paying pacing i wages is a group think they think that entrepreneurs Small Businesses big corporations they will be investing thinking its all about the private sector and theyll do it yeah i think it is about to do that i think the theory of quantitative easing is basically that if the Central Bank Buys up the safe assets the government bonds some of their Corporate Bonds that are held by Institutional Investors those Institutional Investors will then bible and sort in risky of bones from the real economy from medium sized and those firms will then use that money to invest in Capital Investment productive activity in reality. Well there isnt enough demand in the econ
Omar welcome to daybreak europe. A warmfed took up welcome. If the fed took up dudleys advice, to the boxing ring that donald trump wants to draw the fed toward, which is doing his bidding and contaminating the white house. Farhe big question is how we have gone with the dovish shift and the pricing in the market it would help at the fed walked back the direction its on now without big volatility and without increasing the tightening and financial conditions as well. And of course the whole political separate discussion we will get into within this hour. Manus if they did accelerate the rate at which that shifted gears there, would be driven by politics . Lets talk about the markets. A wonderful phrase that means enough. Have a look at dollaryou want. Its the message from the pboc, they have had enough. Nine days of dropping been consistently time to move the market along. This is the yuan against the basket which reads the lowest level in nearly 15 since 2015. When you got here is the
Are above the law model if over the take from their highly. Teenage activist grettir to birth prepares to arrive in new york after sailing across the atlantic for the u. N. Climate summit we look at how her trip is being covered on social media. Welcome to have you news im sumi some astounding. Its being called an explosive announcement of british Prime Minister Boris Johnson says his government will shut down parliament until 2 weeks before britains exit from the European Union planned now for october 31st now opponents call the move undemocratic saying it will give lawmakers less time to potentially pass legislation to stop a no job writes it but johnson says the suspension is justified. As i said on the steps of donnie street were not going to wait until october the 31st before getting on with our plans to take this country forward and to do that we need a new legislation weve got to be bringing forward new and important bills and thats why we are going to have a queen speech and we
A new Coalition Government or the country will face fresh elections and polls say that is likely to push western europes 1st of the far right government in power. That we are in love climate models slid over to the wrong very highly. Teenage activist grettir to unberth prepares to obryant in new york after sailing across the atlantic for the u. N. Climate summit well take a look at how our trip is being covered on social media. Welcome to d w news im sumi so misconduct its being called an explosive announcement british Prime Minister forced johnson says his government will shut down parliament on till 2 weeks before britains exit from the European Union which is planned now for october 31st opponents call the move on. Democratic saying it will give lawmakers less time to potentially pass legislation to stop a no deal brags that but johnson says the suspension is justified as i said on the steps of down the street were not going to wait until october the 31st before getting on with our