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#economics

1.6K posts313 participants137 posts today
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Xauri'EL Zwaan

OK, I just saw like half a dozen posts about the protests in Buenos Aires on the #Economics feed with near-identical wording, all from different accounts on the same instance. Just, like, really weirdly obvious botting. They weren't pushing any obvious agenda but the general tone seemed to be "we should be cautious when introducing drastic economic reforms because it could destabilize the country". Keep an eye out for this kind of shit, we're not immune to it

Public
Yonhap Infomax News

China's central bank plans to introduce more structural tools to support innovative firms, domestic demand, and exporters amid global economic uncertainties, emphasizing interest rate cuts and RRR reductions to stimulate growth.
#YonhapInfomax #PBOC #EconomicStimulus #MonetaryPolicy #YuanManagement #InterestRateCuts #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
en.infomaxai.com/news/articleV

Yonhap Infomax · China's Central Bank - 'Will Prepare Policy Tools for Economic Stimulus'
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Emeritus Prof Christopher May

If regional banking is the answer to centralisation of financial services in London, then the proposed North West Mutual (a self-professed 'ethical' bank), backed by Preston City Council and to be based in the city, looks interesting.

Focussed on services to individuals & small business, it would add a financial services element to the ongoing Preston Pound project.

Although not expected to be in business until at least 2026, this looks like an interesting development!

#economics
h/t BBC

Public
Emeritus Prof Christopher May

More evidence of a stagnating economy as GDP fell by 0.1% in January.... if ONS data its reliable, which is less than clear.

I'll make the point I've made before:

The sado-monetarists at the BoE/MPC have been trying to constrain economic activity to 'squeeze' inflation out of the system for over two years.

Anyone seeking to lay this slowdown completely at the feet of Labour is intending to distract from the BoE's explicit policy of economic disruption via high(er) interest rates!

#economics
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