“Governments of all stripes want to deliver growth and rebalance their economies now that they have learned the hard way that, left to their own devices, markets pick expensive banking losers.” WayWantHardGovernmentLeftGrowthEconomyPicksExpensiveDevicesLoserBankingStripesHard Way Author:Frances O'Grady
“Essentially, not only do we believe in this myth of 'de-risking', but it has become the one overriding goal; de-risking above growth, de-risking above innovation, de-risking above everything else. And we've reached the point where the Fed is using $70 Billion a month to 'de-risk' a largely insolvent banking system. And this can only end badly. The idea that you can do capitalism without risk is ridiculous on its face.” BelieveIdeasEndsFacesGoalGrowthCan DoRiskMonthsCapitalismInnovationMythBillionsRidiculousFedsBankingBanking System Author:Andreas Antonopoulos
“Central banks have gotten out of the central banking business and into the central planning business, meaning that they are devoted to raising up-if they can-economic growth and employment through the dubious means of suppressing interest rates and printing money. The nice thing about gold is that you can't print it.” IfsMeanGrowthInterestMoneyNiceEconomicGoldRatePlanningEmploymentPrintDevotedBankingEconomic GrowthPrintingNice ThingsInterest RateCentral BanksDubiousSuppressingCentral BankingCentral PlanningPrinting Money Author:James Grant
“Growth at an exceptional rate is a red flag in banking. It is hard enough to manage an ordinary bank; to control a sprouting weed is well-nigh impossible. If loans are expanding too quickly, the lending officers have probably been saying 'yes' too frequently.” IfsWellsHardEnoughGrowthImpossibleOrdinaryRedRateManageWeedOfficersFlagsBankingExceptionalExpandingLoanLendingSaying YesRed Flags Author:James Grant
“One nation banking recognises that banks must not be isolated from the rest of the economy. Because banks and small businesses must succeed or fail together, banks must lend to small businesses so we can get the growth and jobs we need for the future. As things stand, that is not happening enough. Lending was down £10.8billion last year.” NeedsYearsEnoughTogetherJobsLastsNationsGrowthEconomyFailingSucceedHappeningsIsolatedLast YearBankingSmall BusinessRecogniseLending Author:Ed Miliband
“You're having government spending on the economy being cut almost everywhere. That means that the only source of spending for growth has to come from borrowing from the banking system.” MeanGovernmentGrowthEconomyCuttingSourceSpendingBankingBorrowingGovernment SpendingBanking System Author:Michael Hudson
“We need banking. I mean, right now, there are so many places in America where the banks are not doing what they need to do because they're scared of regulations, they're scared of the other shoe dropping, they're just plain scared,so credit is not flowing the way it needs to to restart economic growth.” WayNeedsMeanAmericaGrowthEconomicRight NowShoesScaredCreditRegulationBankingDroppingEconomic Growth Author:Hillary Clinton
“There's a loss of faith in the banking system that for so long has been the backbone of prosperity and growth.” LongHas BeensGrowthLossProsperityBankingBackboneBanking SystemLoss Of Faith Author:Lucy Powell