okay, one message today.
Gene wrote:
>Robert Manning has identified -- not to blame him --- how I think monetary
>policy really works. It doesn't work much through raising interest rates
>but through banks becoming more and more reluctant to lend. These things
>usually are highly, if not per
Robert Manning has identified -- not to blame him --- how I think monetary
policy really works. It doesn't work much through raising interest
rates but through banks becoming more and more reluctant to lend.
These things usually are highly, if not perfectly correlated, so it appears
that high i
The quotes from economists in this piece that Michael Keaney sent sound
like what US experts were saying six or so months ago. "Don't worry, if
the consumers keep spending the consumers can keep spending. All will be
well if the consumers keep spending."
Gene Coyle
Michael Keaney wrote:
> Fur
At 10:19 AM 08/31/2001 +0300, you wrote:
>Personal debt hits record high
>
>Low interest rates see borrowing soar to £700bn
>
>Heather Stewart and Charlotte Denny
>Friday August 31, 2001
>The Guardian
>
>British households have ignored rising concerns about the health of the
>economy and taken adv
