Ann Pettifor

Banking Crisis

A dust-up at the BBC’s World Service

Listen to Business Daily on the BBC World Service, live on Friday 8th August, 2008, 11.40am GMT, and via their website thereafter. The World Service invited myself and Jim O’Neill, chief economist at Goldman Sachs on to the Business Daily programme today for what they hoped would be an intellectual punch-up. They were not disappointed. …

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Fannie and Freddie impact will be global, systemic

Fulfilling my duties as a citizen, I am now confined to the Southwark Crown Court as a juror, so have little time to update the blog. However the effective insolvency of two US government sponsored banks or enterprises (GSEs) – Fannie Mae & Freddie Mac – will now impact not just all those US individuals, …

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Abandon Inflation Targeting

The Guardian, 12th July, 2008 In Ten tactics to brighten the gloom, the Guardian invited ten experts to give advice to the Chancellor and Prime Minister on how to lift the economic gloom – and to do it in just 100 words. Other contributors included Howard Davies, Robert Peston, Irwin Stelzer and Bill Emmot. Here …

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Debtors (and banks?) ‘crucified’ on inflation cross

The FT reports today on a debate economists are having with the Bank of England (BoE). To summarise: the Bank of England does not seem bothered by falling house prices; economists are. This is a very important debate for all those that have debts – because while house prices are falling, the debts on those …

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New Labour lags behind the times

The Guardian reports today that one of Tony Blair’s key allies, Phil Collins, has bravely attacked Labour’s weakened leader. Collins singles out Old Labour’s ‘faith in the ‘benign’ power of the central state’ and suggests that Ed Balls’ policies for children will set the party on a path to tragedy. When the most ardent of …

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