Investment & Business News Headlines

The hawk gets in again King to serve second term

Ask any dove this question; and you are sure to get the same reply. Do you like hawks? No we are terrified of them.But, then again, the truth is most of us are doves. Unless we are prodigious savers, or mainly live off our savings, we like to see low interest rates. And organisations such as the British Retail Consortium seem to twitter away calling out for interest rate cuts as frequently as any bird chirping at nesting time. The tabloids, with their fool’s quest to maintain the property bubble,...Read More

Bill and Ben: US bills set to rise, but Ben slashes away

nd so the Fed duly obliged yesterday. In cutting the rate of interest by half a per cent, just a week or so after its last cut, it has certainly been the case that this January has seen the Fed try its best to ease the pain of this darkest...Read More

Posted Jan 31, 2008

The hawk gets in again King to serve second term

Ask any dove this question; and you are sure to get the same reply. Do you like hawks? No we are terrified of them.But, then again, the truth is most of us are doves. Unless we are prodigious savers, or mainly live off our savings, we like to see low...Read More

Posted Jan 31, 2008

Golden rule about to turn to iron pyrites rule

Alistair Darling would need to announce fresh tax increases worth about 8 billion in this year’s Budget to keep public sector debt below the Government’s self-imposed ceiling, and to bring about the improvement in the public finances over the next five years that the Treasury wants to see, or so...Read More

Posted Jan 31, 2008

Mortgages fall again, while US nurses need financial resuscitation to buy a home

The Bank of England had more bad news yesterday, but spare a thought for poor old US nurses, house prices across the pond are now so expensive they can’t even get a foot on the property ladder.

According to the latest Bank of England report on mortgage lending, 226,000 mortgages were...Read More

Posted Jan 31, 2008

Chart of the day

rates

Posted Jan 31, 2008

Will the UK follow the US into repossession horror too in 2008?

A couple of weeks ago, David Smith, economics editor for The Sunday Times, described much of the talk about what will happen when a million or so people come off fixed rate mortgages this year, as daft. Well, if he is right, then the Financial Services Authority can count themselves...Read More

Posted Jan 30, 2008

Is the High Street seeing a soft landing?

Well, there was good news amongst the bad from the CBI yesterday.

In the latest instalment in its distributive trades survey, the CBI said the balance between retailers saying sales were up, minus those saying they were down, during the first two weeks of January, was the lowest...Read More

Posted Jan 30, 2008

US house prices fall again as prospects plunge even further

And records came a-tumbling. The supply of new homes now available in the US is at a 26-year high, the annual drop in the median price of new homes for sale saw its biggest annual decline since 1970, and here is the big one, 2007 saw the biggest fall in...Read More

Posted Jan 29, 2008

Where next for the pound?

There is a mystery a-brewing. US interest rates are falling like a pig, shorn of its wings, from the sky. And yet the dollar has not fallen in tandem. If you take into account interest rate expectations, then this really becomes quite surprising. Fed chairman, Ben Bernanke, has metaphorically chartered...Read More

Posted Jan 29, 2008

Household spending 50 years of progress

If you take a hard gander at the latest report from the Office for National Statistics, looking at family spending over the last 50 years, there are no real surprises. But it makes a fascinating read, all the same – and maybe there are lessons to be learned.

First fascinating thing,...Read More

Posted Jan 29, 2008

Golden rule about to turn to iron pyrites rule

Alistair Darling would need to announce fresh tax increases worth about 8 billion in this year’s Budget to keep public sector debt below the Government’s self-imposed ceiling, and to bring about the improvement in the public finances over the next five years that the Treasury wants to see, or so...Read More

Posted Jan 31, 2008

Bill and Ben: US bills set to rise, but Ben slashes away

nd so the Fed duly obliged yesterday. In cutting the rate of interest by half a per cent, just a week or so after its last cut, it has certainly been the case that this January has seen the Fed try its best to ease the pain of this darkest...Read More

Posted Jan 31, 2008

Mortgages fall again, while US nurses need financial resuscitation to buy a home

The Bank of England had more bad news yesterday, but spare a thought for poor old US nurses, house prices across the pond are now so expensive they can’t even get a foot on the property ladder.

According to the latest Bank of England report on mortgage lending, 226,000 mortgages were...Read More

Posted Jan 31, 2008

Chart of the day

rates

Posted Jan 31, 2008

Cure or poison: China prepares to loosen chains on yuan

Be careful with what you wish for, goes the famous saying. All young kids know from their fairly tales that wishes can go wrong, but here is a modern-day fairy tale. It doesn’t concern three pigs, rather it concerns millions of pigs, Sleeping Beauty is the world’s most populous country,...Read More

Posted Jan 30, 2008

IMF downgrades US again, but at least it's celebration time for Russia and Africa

The IMF is putting on a passable impression of a cat chasing its tail at the moment. Yesterday, it revised its latest estimates for global economic growth this year, and once again downgraded its forecasts for the US. Yet this august economics institution, which is supposed to be ahead...Read More

Posted Jan 30, 2008

chart of the day

cons conf

Posted Jan 30, 2008

Chart of the day

household exp

Posted Jan 29, 2008

© Investment & Business News 2013