Investment & Business News Headlines

US finds the economic gas, and reaches for the end of crisis

Did you hear that? Was that the sound of the fat lady singing? Is it over? Has the great economic crisis of the late noughties turned out to be nothing more than the mild blip of 2008? Yesterday saw the release of revised official data on US economic growth. And the data says the US expanded at an annualised rate of 3.3 per cent in the second quarter. This compares with the original estimate of 1.9 per cent expansion. And the markets loved it; the Dow soared 212 points and...Read More

Wishful thinking, weights on shoulders, and heads in sand

Spare a thought for poor old David (Danny) Blanchflower, arch dove at the Bank of England Monetary Policy Committee. “I feel a weight on my shoulders,” he said when talking to Reuters, yesterday. Poor old Danny Boy, he reckons he has failed to convince the rest of his interest rate-setting...Read More

Posted Aug 29, 2008

FINANCIAL PLANNING WEEK DAILY POLL 8TH – 14TH SEPTEMBER

As sponsors of the Financial Planning Week, Defaqto would like to ask you to take a minute of your time to partake in the daily poll. Everyday this week will focus on a different theme.

Todays theme: saving and investing.

Todays poll: “If you had money to put away for the long-term,...Read More

Posted Aug 12, 2008

European inflation may have peaked – is it in time?

The Eurozone and its neighbours seem to have caught a nasty dollop of US misery. Economic woe is spreading, but at last good news, real good news, seems to have emerged on inflation. Maybe the Eurozone can shake off the jitters of mid-2008, and get back on track?

Latest data out...Read More

Posted Aug 29, 2008

The circle rotates – Japan prepares to spend its way forward

It’s funny how these things work. The US and UK economies expanded rapidly on debt – it was unsustainable – but years of good times was the result. In Japan, misery was the order of the day – the economy lurched from one crisis to another – it became known as the lost decade. Yet,...Read More

Posted Aug 29, 2008

US finds the economic gas, and reaches for the end of crisis

Did you hear that? Was that the sound of the fat lady singing? Is it over? Has the great economic crisis of the late noughties turned out to be nothing more than the mild blip of 2008? Yesterday saw the release of revised official data on US economic growth. And...Read More

Posted Aug 29, 2008

Capitalist Russia is subject to the same economic concerns as the rest of us

As David Milliband said this morning on the Today programme, when the Soviet Union invaded Hungary in 1956 or Czechoslovakia in 1968, no one questioned how the Russian stock market might be affected. It seems unlikely Khrushchev gave two hoots about the stock price of companies in 1956, other than...Read More

Posted Aug 28, 2008

UK to contract next year, warns economics group

The most damning assessment yet was published on the prospects for the UK economy by the economics consultancy Capital Economics this morning. Their central projection is for the UK economy to contract modestly next year – and recover only very gradually in 2010. But their report also hints at the...Read More

Posted Aug 28, 2008

The seeds of recovery have already been sown

Jam is not like marmite. Not many of us hate it, then again not many of us love it either. But there is one type of jam that is an exception to this rule in the sense that we all hate it. But this particular variety of jam is not designed...Read More

Posted Aug 27, 2008

Why recessions can be good

Recessions are nasty, but is it possible they are also necessary. It is a cliché, but is it not the case that medicine can be very unpleasant.

It seems there are two theories about recession. One idea sees a recession as a wasted opportunity. If the economy has the potential to...Read More

Posted Aug 27, 2008

As recession bites, what lessons can we learn?

So the UK may have already entered recession. If not, it is at least tottering on the brink. Even the official figures now confirm this.

But where were the forecasters when the seeds to this economic crisis were being sown? Those who based their economic judgement on common sense saw this...Read More

Posted Aug 27, 2008

European inflation may have peaked – is it in time?

The Eurozone and its neighbours seem to have caught a nasty dollop of US misery. Economic woe is spreading, but at last good news, real good news, seems to have emerged on inflation. Maybe the Eurozone can shake off the jitters of mid-2008, and get back on track?

Latest data out...Read More

Posted Aug 29, 2008

The circle rotates – Japan prepares to spend its way forward

It’s funny how these things work. The US and UK economies expanded rapidly on debt – it was unsustainable – but years of good times was the result. In Japan, misery was the order of the day – the economy lurched from one crisis to another – it became known as the lost decade. Yet,...Read More

Posted Aug 29, 2008

Wishful thinking, weights on shoulders, and heads in sand

Spare a thought for poor old David (Danny) Blanchflower, arch dove at the Bank of England Monetary Policy Committee. “I feel a weight on my shoulders,” he said when talking to Reuters, yesterday. Poor old Danny Boy, he reckons he has failed to convince the rest of his interest rate-setting...Read More

Posted Aug 29, 2008

UK to contract next year, warns economics group

The most damning assessment yet was published on the prospects for the UK economy by the economics consultancy Capital Economics this morning. Their central projection is for the UK economy to contract modestly next year – and recover only very gradually in 2010. But their report also hints at the...Read More

Posted Aug 28, 2008

Three million working-age households still not working

If you want to know what really needs fixing in the UK it is this. According to data released by the Office of National Statistics this week, there are no less than 3.06 million working age households in which no one over the age of 16 is working.

Okay, this is...Read More

Posted Aug 28, 2008

House prices down again, says Nationwide – it's the biggest fall ever recorded

Can anyone be surprised to learn house prices fell again in August? The fall may have been entirely predictable, but it is still worth looking taking a closer look, if only so that we can tut-tut and nod sagaciously with a little more gusto.

Average price was down 1.9 per cent in...Read More

Posted Aug 28, 2008

Buy-to-let repossessions soar

It is quite difficult to keep up with all the data on mortgage lending. The big three – the Council of Mortgage Lenders (CML), British Bankers’ Association (BBA) and Bank of England – have been taking it in turns to announce some new record fall in mortgage lending for...Read More

Posted Aug 27, 2008

The name's bond

Clearly it has been an extremely challenging year for fund managers to achieve positive returns, with banking, real estate, builders and some retail stocks, having taken a hammering, with many down 50 per cent or more on their pre-credit crunch prices. Even some ‘absolute return’ funds have had a torrid...Read More

Posted Aug 26, 2008

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