“US politicians beating the protectionist drum should be hanging their heads in shame,” said Fiona Maharg-Bravo on Breakingviews.com, as Chinese oil explorer CNOOC pulled its $18.5bn bid for Unocal in the face of political opposition …
HSBC, the third-largest banking group in the world, described the UK credit market as the “most difficult” in the world, said The Times Online, as the group blamed rising interest rates, a subdued property market …
Anna Levine-Gronningsater for the Christian Science Monitor reports that with petrol prices above $2 a gallon, an increasing number of US car-owners are refuelling and then driving off the forecourt without paying. ‘Drive-offs’ apparently cost …
The outlook for the UK economy is fluid – terrorist events, major data revisions, the potential fallout from China’s currency revaluation/currency regime change and even London’s Olympic bid success all add a significant degree of …
10 Reasons Why Hyperinflation Is Coming No, I am not about to give my reasons for impending hyperinflation, says Mike Shedlock in Whiskey & Gunpowder. Instead the list below belongs to Jim Puplava, of Financialsense.com, …
We’ve reached a critical point in the UK interest rate debate. After a first half of the year which was characterised by dramatic swings in the market’s interest rate expectations, financial markets now believe that …
A June 28 Reuters article reports that Wilson Bowden, Britain’s fifth biggest house builder, sees a job threat to the housing market: ‘Wilson Bowden said on Tuesday that fears of unemployment could further undermine the …
There are plenty of reasons for UK citizens to celebrate London’s successful bid for the 2012 Olympic Games but don’t overestimate the economic impact, says F&C Asset Management. However, despite the relatively modest economic stimulus …
There are two main concerns for the Bank of England with regard to the near term path for the UK economy: the strength of global indicators and the risk that UK consumption weakness gets worse …
Few will remember Adam Smith’s book ‘Paper Money’. This Smith is not the 18th-century economist, but the financial columnist George Goodman, who wrote under that pseudonym and is mainly remembered today as the author of …