Author Archives: bill

Australian inflation trending down – lower oil prices and subdued economy

Despite missing out on the recession associated with the GFC, Australia is now following the rest of the world down the decelerating inflation route. Yesterday, the Australian Bureau of Statistics released the Consumer Price Index, Australia – data for the … Read the rest of this entry »

Posted in Inflation | 3 Comments

Conceding to Greece opens the door for France and Italy

The economics news is currently dominated by the Greek election results and their implications, and, rightly so. Without assuming anything about how much Syriza will compromise (although I suspect too much), the voting has demonstrated that a large proportion of … Read the rest of this entry »

Posted in Eurozone | 11 Comments

Smart Austerity – its just the same dumb austerity

“In its current form, EMU is not viable in the long run”. That quote comes from a Report – Repair and Prepare – Strengthening Europe’s Economies after the Crisis – jointly published by the – Jacques Delors Institut (located in … Read the rest of this entry »

Posted in Eurozone | 9 Comments

Greek elections – a solution doesn’t appear to be forthcoming

It is late Sunday afternoon as I write this in Colombo, Sri Lanka and about 4.5 hours to the west the Greeks are getting ready to vote in their national election. It has been hailed as a make or break-type … Read the rest of this entry »

Posted in Eurozone | 21 Comments

Saturday Quiz – January 24, 2015 – answers and discussion

Here are the answers with discussion for yesterday’s quiz. The information provided should help you understand the reasoning behind the answers. If you haven’t already done the Quiz from yesterday then have a go at it before you read the … Read the rest of this entry »

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Saturday Quiz – January 24, 2015

Welcome to the Billy Blog Saturday Quiz. The quiz tests whether you have been paying attention over the last seven days. See how you go with the following questions. Your results are only known to you and no records are … Read the rest of this entry »

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Friday lay day – neo-liberalism has compromised the concept of a citizen

Its my Friday lay day – which means I don’t write as much as I usually do and perhaps focus on different issues to my normal considerations. Remember back to 2007. In March 2007, an Australian citizen named David Hicks … Read the rest of this entry »

Posted in Friday | 13 Comments

Fiscal austerity drives continuing pessimism as oil prices fall

The UK Guardian article (January 20, 2015) – Davos 2015: sliding oil price makes chief executives less upbeat than last year – reported that the top-end-of-town are in “a less bullish mood than a year ago” and that “the boost … Read the rest of this entry »

Posted in Economics | 20 Comments

Denmark should abandon its euro peg

In my soon-to-be-published book on the Eurozone I examined the case of Denmark in some detail in the context of the evolution of the European Monetary System, the European Exchange Rate Mechanism (ERM), and the ratification process of the Treaty … Read the rest of this entry »

Posted in Eurozone | 6 Comments

Rising inequality – fundamental changes required

I am currently working in Sri Lanka at a very interesting time in the nation’s history. Ten days ago the nation elected a new president and ousted the bevy of officials that had been linked to the previous, rather dictatorial … Read the rest of this entry »

Posted in Economics | 11 Comments