Pay Rises as economy recovers?

[BrilloPad]

Workers deserve pay rises as economy recovers, Danny Alexander says - Telegraph

Workers in the private sector deserve pay rises to ensure that they “share in the success” of the recovering economy, says Cabinet minister.

Muppet.

The only way employers will raise pay is if they have trouble attracting staff. That means more jobs.

Another LibDem fail.

Why not put tariffs on imports China and India?

[petergriffin]

There's no recovery. It's all proper gander.

[AtW]

Why not put tariffs on imports China and India?

WTO rules do not allow it - getting out of that stupid agreement and having free trade zone with USA/Canada/EU/Japan would have helped Western economics more than printing money.

[CheeseSlice]

There's no recovery. It's all proper gander.

Telegraph: BIS veteran says global credit excess worse than pre-Lehman

Extreme forms of credit excess across the world have reached or surpassed levels seen shortly before the Lehman crisis five years ago, the Bank for International Settlements has warned.

The Swiss-based `bank of central banks’ said a hunt for yield was luring investors en masse into high-risk instruments, “a phenomenon reminiscent of exuberance prior to the global financial crisis”.

“This looks like to me like 2007 all over again, but even worse,” said William White, the BIS’s former chief economist, famous for flagging the wild behaviour in the debt markets before the global storm hit in 2008.

“All the previous imbalances are still there. Total public and private debt levels are 30pc higher as a share of GDP in the advanced economies than they were then, and we have added a whole new problem with bubbles in emerging markets that are ending in a boom-bust cycle,” said Mr White, now chairman of the OECD’s Economic Development and Review Committee.

The BIS enjoys great authority. It was the only major global body that clearly foresaw the global banking crisis, calling early for a change of policy at a time when others were being swept along by the euphoria of the era.

We're all doomed!

[BrilloPad]

Telegraph: BIS veteran says global credit excess worse than pre-Lehman







We're all doomed!

In the 5 post-Lehman years what has changed in IB? Nothing really. Alot more paperwork perhaps.