When one of the world’s best fixed-income investors suddenly switches from bearish to bullish, we have to take note. But has Bill Gross been turned upside down by listening to too many bad economists? Pythia, …
A Gross error of judgment?
The Rules of Disengagement
There are unambiguous rules of disengagement from the deflationary territory. Israel’s short-term interest rates are extraordinarily low, but the economy would definitely benefit from a more accommodative monetary stance, in our opinion. The consumer price …
Hustle the East
Riddle me this, riddle me that… It consumes half of the world’s cement, a third of its coal and one-quarter of its aluminum. It is second in oil and energy consumption, behind only the United …
The Final Consumer Sacrifice
It seems that consumers may be reining in spending on the high street, but not going on our annual holiday abroad would be the “last sacrifice”, says Lex in the FT. Good news for First …
Why garden centres are blooming
Last month’s Chelsea Flower Show proved once again just how popular gardening has become with the British public – popularity that borders on obsession. These days, the annual event is a cross between a grand …
What do you mean, ‘No’?
To the delight of Europhobes everywhere, the French electorate has delivered a significant ‘Non!’ to the European Union constitution, even though it was drafted by one of their own, the congenitally haughty ex-President Valerie Giscard …