ECONOMICS

*code for "price fixing?" Isn't go to work here either.
BoE: Proper policies can keep any deflation under control
The Bank of England is assuring in its latest bulletin that it can control "deflationary episodes" by using "the full range of conventional and unconventional monetary-policy instruments." The statement comes as the bank projected consumer-price inflation for the next two years to be well less than its 2% target, raising concerns that the falling inflation rate could turn into deflation. Reuters (16 Mar.)

*hum..lack of infrastructure, regulation and a few American educated Bernie Madoffs of their own? I think China and Brazil will be far ahead of India.
Central banker: India to be at front of global recovery
Duvvuri Subbarao, governor of the Reserve Bank of India, told BBC World that the nation is positioned to revive faster than other countries once a worldwide recovery begins. "India can be a growth engine," he said. "Not that India can recover ahead of the world, but when recovery starts, India's recovery is going to be sharp and rapid," he said. Forbes (15 Mar.)

*I don't know about you, but I doubt, even after all of our shenanigans, that we will be relegated to second place fiddle.
Analysis: Asians see recession as end of "American age"
Having embraced U.S.-style unregulated markets and experienced the painful global recession they brought on, Asian policymakers are not in the mood for any more lectures from the West on how to run an economy. In fact, they want to deliver a few of their own. "After this recession is over, things will be very different," said Eisuke Sakakibara, a former Japanese finance minister. "The American age is over." Financial Times (15 Mar.)

*I keep telling you that Canada is not as solid as we have been led to believe.
Bank of Canada chief sees later recovery than expected
Canada's recession will become deeper and last longer than expected, said Mark Carney, governor of the Bank of Canada. "There are severe global headwinds," he said. "Our recovery will be both attenuated and delayed." The Toronto Star (15 Mar.)