Goldman says Osborne should write Draghi a thank-you note (basically)

FT Alphaville » Mario Draghi 2015-07-01

Summary:

The UK did worse than almost every other developed economy from 2007-2012 but has been among the best performers since the start of 2013. Slightly out-of-date chart via the Reserve Bank of Australia:

What gives? According to a new analysis from Goldman, this demonstrates both the damage to the UK’s banking system after the crisis and the subsequent power of credit easing, specifically the magic that was worked on bank credit spreads after Mario Draghi uttered his priestly incantation in July, 2012:

Continue reading: Goldman says Osborne should write Draghi a thank-you note (basically)

Link:

http://ftalphaville.ft.com/2015/02/20/2119625/goldman-says-osborne-should-write-draghi-a-thank-you-note-basically/

From feeds:

euro-exit » FT Alphaville » Mario Draghi

Tags:

boe uk economy mario draghi help to buy fls ecb credit easing

Authors:

Matthew C Klein

Date tagged:

07/01/2015, 04:40

Date published:

02/20/2015, 03:30