Investment & Business News Headlines

Calm down

So,  when the history books describing this time are written will they really look back at yesterday’s decision by Congress as the pivotal moment?  Will the decisions of those 228 Law makers really send the global economy into a 1930s style depression?  Was this really a one off opportunity to fix the problem?

Last night,  EU Commissioner Peter Mandelson was interviewed on BBC2 Newsnight.  He said  “I feel they’ve taken leave of their senses and I hope that in Europe we will not see politicians and parliamentarians replicating the sort of irresponsibility...Read More

Building societies protest too much

There are some unhappy bunnies at Building Societies,  at the moment.  The Financial Services Compensation Scheme means that banks and building societies have to bail out depositors when one of the fellow banks and building societies goes bust.  That’s what happened to Bradford and Bingley this weekend. 

The government stepped in...Read More

Posted Sep 30, 2008

Retailers prepare way for the great land rebellion

A rebellion is occurring amongst retailers.  They have had enough.  They are being stymied by a tradition that dates back to the Middle Ages.  If their rebellion is a success, its significance will be far reaching.  Maybe at last we are seeing the long needed change in attitude to property...Read More

Posted Sep 30, 2008

Building societies protest too much

There are some unhappy bunnies at Building Societies,  at the moment.  The Financial Services Compensation Scheme means that banks and building societies have to bail out depositors when one of the fellow banks and building societies goes bust.  That’s what happened to Bradford and Bingley this weekend. 

The government stepped in...Read More

Posted Sep 30, 2008

Retailers prepare way for the great land rebellion

A rebellion is occurring amongst retailers.  They have had enough.  They are being stymied by a tradition that dates back to the Middle Ages.  If their rebellion is a success, its significance will be far reaching.  Maybe at last we are seeing the long needed change in attitude to property...Read More

Posted Sep 30, 2008

Is debt bubble a myth ?

In yesterday’s Sunday Times,  the august newspaper’s economics editor David Smith headlined  “if this is the bust,  why wasn’t it preceded by a bigger economic boom ?”

As you know,  bust is the price we pay for too big a boom.  But Mr Smith,  who we have previously said must be...Read More

Posted Sep 29, 2008

Paulson throws off ghost of 1929

Here is an idea for solving the economic crisis.  Liquidate.  Maybe we should liquidate labour,  liquidate stocks,  liquidate the farmers,  liquidate real estate.  This will in turn purge the rottenness out of the system.

Ummm,  controversial advice.  Here is another idea.  If we do all these things,  high costs of living...Read More

Posted Sep 29, 2008

Recession strikes in Ireland, Japan sees trade collapse

Okay, so the US is in a mess. But what about the rest of the world?

Yesterday and this morning news was out to show the UK’s fourth-largest export market is in recession, while the world’s second-largest economy is on the rack.

First it’s Ireland. It’s official, Ireland is in recession. We...Read More

Posted Sep 26, 2008

So what's happening with US house prices

All of a sudden, US house prices have become more important. In the UK, the general feeling is that falling house prices won’t cause a recession. Okay, you may disagree with that belief, but for the time being at least, this is the conventional thinking

But in the US, it isn’t...Read More

Posted Sep 26, 2008

The problem with Hank

The Hank Paulson plan is quite possibly the most important business plan ever written. It seems it will get tweaked, it may even get tweaked quite a bit, but it will get through.

At the time of writing, it appears all is recrimination. Republicans are blaming Democrats, Democrats are blaming Republicans....Read More

Posted Sep 26, 2008

High Street stutters again, as retail god ignores prayers

Well, it will probably come as no surprise to learn that Britain’s shoppers are shunning big ticket items such as furniture and white goods, have cut back on luxuries, and are searching for bargains.

According to the latest distributive trades survey from the CBI: “The UK high street endured another...Read More

Posted Sep 25, 2008

Oil drops again

Oil fell $10 yesterday,  gold soared.  Volatilility was of course the order of the day.  It was not a day of rational decision making.  Yet the changes in oil and gold are perhaps,  highly significant.

It wasn’t the first time oil collapsed recently.  It fell from $107 yesterday to $96 this...Read More

Posted Sep 30, 2008

Oil drops again

Oil fell $10 yesterday,  gold soared.  Volatilility was of course the order of the day.  It was not a day of rational decision making.  Yet the changes in oil and gold are perhaps,  highly significant.

It wasn’t the first time oil collapsed recently.  It fell from $107 yesterday to $96 this...Read More

Posted Sep 30, 2008

Calm down

So,  when the history books describing this time are written will they really look back at yesterday’s decision by Congress as the pivotal moment?  Will the decisions of those 228 Law makers really send the global economy into a 1930s style depression?  Was this really a one off opportunity to...Read More

Posted Sep 30, 2008

Tax payers off the hook with Bradford and Bingley rescue

It’s a funny thing.  When Northern Rock went down,  it was as if the sky had fallen in. When it was finally nationalised,  you could barely see the faces of Messrs Darling and Brown,  so encased were they in egg.  The bank run on Northern Rock occurred when the US...Read More

Posted Sep 29, 2008

Robin Hood could have solved economic crisis

Okay,  the writing is a tad old fashioned,  but consider the views of John Maynard Keynes, writing during the outset of the 1930s depression:

“It seems an extraordinary imbecility that this wonderful outburst of productive energy [over 1924-1929]  should be the prelude to impoverishment and depression.  Some austere and puritanical souls...Read More

Posted Sep 29, 2008

Tax payers off the hook with Bradford and Bingley rescue

It’s a funny thing.  When Northern Rock went down,  it was as if the sky had fallen in. When it was finally nationalised,  you could barely see the faces of Messrs Darling and Brown,  so encased were they in egg.  The bank run on Northern Rock occurred when the US...Read More

Posted Sep 29, 2008

The US is finished says German finance minister: we need to re-invent capitalism, says Sarkozy

Nearly headless Nick Sarkozy has been waiting for a moment like this. So too has Germany’s finance minister Peer Steinbrück, and yesterday they put the boot in.

Capitalism may not be dead, but unbridled, Anglo-Saxon, laissez-faire capitalism has gone the way of the dodo, or so the two men seem to...Read More

Posted Sep 26, 2008

The battle for new economy begins

While the world seemingly stares financial ruin in the face – or perhaps more realistically  suffers the distinct possibility of recession – something more important has been bubbling beneath surface.

While the media’s attention has been focused on the battle to save banks, another battle is being fought. On the one hand, you have...Read More

Posted Sep 25, 2008

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