Ballard isn’t the first to liken the economy to a ski jump, with short term stimulus aiding lift off. The difference with Eddie the Eagle is that there was no lift off.<\/p>\n
For the uninitiated, Michael Edwards, better known as Eddie ‘The Eagle’ Edwards, is a former GB ski jumper who valiantly tried, and failed, in the 1988 Calgary Winter Olympics, finishing last in the two competitions he entered.<\/p>\n
The International Olympic Committee later introduced rules which regulated who could take part in the event, so as not to have ‘The Eagle’ bring the sport into disrepute. Parallels with banking regulation, perhaps?<\/p>\n
From Financial Muse, the new Financial News blog (<\/em>www.efinancialnews.com\/blog<\/em><\/a>)<\/em><\/p>\n Economists have used all manner of phrases to describe the likely economic path in 2010, predicting V, U, W or VW shaped recessions. However, an analyst at RBC Capital Markets has come up with a quintessentially British metaphor \u0096 the ‘Eddie the Eagle’ recession. Speaking at a credit briefing this week, Simon Ballard, senior credit […]<\/p>\n","protected":false},"author":850,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-335313","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/335313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/850"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=335313"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/335313\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=335313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=335313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=335313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/img><\/a>
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