EUROPEAN CENTRAL BANK RATE HIKES 2011

EUROPEAN CENTRAL BANK RATE HIKES

Let me just present some facts regarding the central bank rate hikes. I understand that the ECB faces more pass-through from higher energy prices to core inflation. It is my belief that euro-zone crisis could still blow up this spring, whether ECB is willing to continue offering a free put on Greek, Irish and Portuguese bonds. In addition, Japan’s catastrophe – the uncertainty surrounding the world’s second largest economy about nuclear contamination is another fact to go slowly. I think radioactivity spread curtail production at least for some time, a major slow down of the Japanese economy would have to be expected, with repercussions also for world growth. April rise now looks like it would be mistake. This is not the time to follow the rigid interest rate rules.

Comments

SUGGESTION TO THE BANK OF ENGLAND GOVERNOR SIR MERVYN KING

SUGGESTION TO THE BANK OF ENGLAND GOVERNOR SIR MERVYN KING To: The Right Honorable Bank of England Governor Sir Mervyn King From: Athinarayanan Sanjeevraja Date: October 17, 2011 RE: QE Suggestion: Identify and correct the fundamental factors that are behind low economic growth. Good Morning Sir. The Bank of England has decided to undertake more QE. I agreed that during the financial crisis of 2007-2008 monetary policy was effective in re-establishing liquidity in the main developed economies especially US, UK and Europe. But current economic conditions in developed economies reveal problems whose solutions are far beyond the scope of monetary an...

SUGGESTION TO THE PRIME MINISTER OF JAPAN YOSHIHIKO NODA

SUGGESTION TO THE PRIME MINISTER OF JAPAN YOSHIHIKO NODA To: The Right Honorable Japanese Prime Minister Yoshihiko Noda From: Athinarayanan Sanjeevraja Date: 30.09.2011 RE: Japan Energy Policy Suggestion: Changing Industrial Policy Good Morning Prime Minister. BBC World broadcasted your speech regarding alternate energy sources. I agree with your approach to reduce nuclear power in the medium term because having the nuclear reactors in an earthquake prone zone is not safe for the environment or the communities that live near them. Japan is struck in a difficult situation concerning energy. If you want to eventually move away from the nuclear energy, you’ll have to invest more alternative energy sources. If you can’t invest, then it may have to say with a nuclear power for a while. You need make the right decision because source of energy is dwindling. You have one more option which is Japanese people depend on nuclear power with only 1% but 9% including hydroe...

SUGGESTION TO THE AMERICAN PRESIDENT BARACK OBAMA

SUGGESTION TO THE AMERICAN PRESIDENT BARACK OBAMA To: The Right Honorable American President Barack Obama From: Athinarayanan Sanjeevraja RE: US Economy Suggestions: Good Morning President. Yesterday I just tuned into BBC World, they were talking about same story of American economy. Let me be very clear, I am really disappointed that you promise to fix the problems but you are eventually failed to fix the problems. You have done everything wrong and made everything worse 9.1% unemployment, trillions upon trillions in corrupt spending like record number of people on food stamps and record unemployment payouts, finally you added trillions with healthcare industry giveaway which does nothing to tackle the 50% of health spending that is wasted. ...

Search This Blog