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Created
Thu, 01/12/2022 - 10:00

For most of this year, the warnings and news about inflation have been one of hope for the best but experience the worst. Predictions of future inflation growth have continually been revised upwards and with it has been the suggestion that interest rates need to keep rising.

The post The Reserve Bank needs to watch that it doesn’t push the economy off a cliff appeared first on The Australia Institute.

Created
Thu, 01/12/2022 - 08:55

The Australia Institute surveyed a nationally representative sample of 1,001 Australians about their views on wages and cost of living between 1-4 November. The majority of Australians report that their wages have not kept up with the cost of living over the past 12 months. “This research shows most Australians feel like they are falling

The post 9 in 10 Believe It’s Governments Job to Ensure Wages Keep Up with Cost of Living: Research Polling appeared first on The Australia Institute.

Created
Thu, 01/12/2022 - 07:39


The Fed’s Inflation Mistake Continues

The Federal Reserve has been hellbent on raising interest rates to slow the economy. It’s a huge mistake.

You know who bears most of the pain of these rate hikes?

Most of the pain is borne by people who are already struggling to keep up with rising prices: lower-wage workers and the poor.

While the Fed has signaled that its interest rate increases might not be as drastic moving forward, the important thing to remember is that these hikes already fail to address a major driver of inflation — powerful corporations that are ratcheting up prices to pad their profit margins.

Created
Thu, 01/12/2022 - 02:00
The Federal Open Market Committee (FOMC) has increased the target interest rate by 3.75 percentage points since March 17, 2022. In this post we examine how corporate bond market functioning has evolved along with the changes in monetary policy through the lens of the U.S. Corporate Bond Market Distress Index (CMDI). We compare this evolution to the 2015 tightening cycle for context on how bond market conditions have evolved as rates increase. The overall CMDI has deteriorated but remains close to historical medians. The investment-grade CMDI index has deteriorated more than the high-yield, driven by low levels of primary market issuance.
Created
Thu, 01/12/2022 - 01:56
My Lords, the Chancellor’s Autumn Statement is designed to reassure the markets of the sustainability of the public finances. That is, the Chancellor accepts as binding the views of the City of London, whether they are right or wrong. It is what the markets think that matters, not how matters really are—a nice intrusion of … Continue reading Speech on the Autumn Statement 29 November 2022
Created
Wed, 30/11/2022 - 23:25
For immediate release The Open Rights Group’s policy manager on Freedom of Expression, Dr. Monica Horten said: “Over 40 million people use these services in the UK. This is a massive expansion in surveillance capacity hidden inside a bill designed to protect children from harmful content”. “Children deserve to grow up in a free society. […]
Created
Wed, 30/11/2022 - 23:00
Welcome to my Wednesday Blog. Lots happening this week! Tom Clancy’s Splinter Cell: Firewall Tom Clancy’s Splinter Cell: Firewall is an eight part radio serial on BBC Radio 4 that starts on Friday, 2nd December at 2.15pm, and will be on every Friday in that same slot. (All episodes will go live as a boxset on BBC Sounds ... Read More
Created
Wed, 30/11/2022 - 22:53
A policy brief on the inclusion of private communications in scope of the Online Safety Bill and the impact on end-to-end encryption Chat monitoring of private messaging services has sneaked into the Online Safety Bill with very little public debate or Parliamentary Scrutiny. This policy brief sets out ORG’s concern as this unprecedented expansion in […]
Created
Wed, 30/11/2022 - 19:00
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November 30th, 2022: PERFECT GIFT ALERT:

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