Investment & Business News Headlines

House prices set to rise in 2010, dollar set to recover, China set for meteoric growth and UK set for export led boom

Well, this may not seem like realism to you, but yesterday saw a raging torrent of information pointing to a humdinger of a recovery in 2010.

According to the Royal Institution of Chartered Surveyors (RICS), house prices are set to rise next year by between 1 and 2 per cent. The volume of monthly sales is likely to rise from 50,000 to 70,000 (which is approaching the kind of levels seen before the credit crunch) and the poor old, beleaguered, first time buyer will be stuck living with parents, renting or...Read More

Leading economist warns of recession mark II

Charles Goodhart is one of those rare individuals who has a rule named after him. It is one of those rules that has been re-interpreted so many times that it has evolved. Originally, Goodhart’s Law said that as soon as a given monetary policy target is set, that target would...Read More

Posted Dec 23, 2009

House prices set to rise in 2010, dollar set to recover, China set for meteoric growth and UK set for export led boom

Well, this may not seem like realism to you, but yesterday saw a raging torrent of information pointing to a humdinger of a recovery in 2010.

According to the Royal Institution of Chartered Surveyors (RICS), house prices are set to rise next year by between 1 and 2 per cent. The...Read More

Posted Dec 23, 2009

Bankers' impending exodus is a joke

It seems that bankers may not be fleeing these shores after all. No, it’s not the allure of hearing Slade every Christmas, rather it’s the price of property in Switzerland that will keep them here.

While this publication is not in love with banks and their reckless ways that brought this...Read More

Posted Dec 22, 2009

Soros says UK default unlikely

Some columns are vitriolic in their condemnation of Labour and how it has allowed the fiscal deficit to explode. Many argue that Britain just can’t afford its debts and it will all end in a crashing pound, soaring interest rates and the story of the UK will be just like...Read More

Posted Dec 22, 2009

The public sector still expects wage rises next year – is that an ostrich with its head in the sand, or strikes on the horizon?

The Chartered Institute of Personnel and Development has been busy. It interviewed 2,500 people and, would you believe it, the majority of public sector workers reckon they will get a 2 per cent pay rise next year.

Mind you, private sector employees are expecting a 3 per cent pay rise, but...Read More

Posted Dec 22, 2009

Christmas parties see fall in spend

And finally, have you noticed that the caviare has been replaced by lump fish? Bollinger with Cava? Have sausage rolls become decidedly stale?

Yes, that’s right, less money has been spent on Christmas parties this year.

The Centre of Economics and Business Research estimates that this year employers will spend about £600...Read More

Posted Dec 22, 2009

The economics of X Factor

Well, there are universities where you can take David Beckham studies, why not one that offers the economics of the X Factor?

It is just that actually there are some fascinating bits of economics lurking in what one can only describe as a weird few days for reality TV. In fact...Read More

Posted Dec 21, 2009

Small business fund stymied by banks

You may have noticed by now, this column is a fan of the entrepreneur. The banks’ biggest failure, if you want our opinion, is not mortgage securitisation or bankers’ greed; it is that banks focused on supporting the housing market rather than business.

That’s why Alistair Darling’s plan to...Read More

Posted Dec 18, 2009

Strikes, strikes and strikes: is it a return to the ’70s, or is it backlash against greed?

It’s like the 1970s all over again. Strikes are back. BA has resorted to the High Court. Meanwhile, workers at Eurostar are up in arms. But the problems in the UK are as nothing compared to Greece.

At face value you might say it’s crazy. BA is struggling for its very...Read More

Posted Dec 18, 2009

The great saving glut is the real clincher

Saving is a tricky thing. It may be a good thing for individuals, but for the economy as a whole it may not be such a good idea. There’s a commonly held view that savings have to be high in order to ensure there’s money available for bank lending.  This...Read More

Posted Dec 17, 2009

Bankers' impending exodus is a joke

It seems that bankers may not be fleeing these shores after all. No, it’s not the allure of hearing Slade every Christmas, rather it’s the price of property in Switzerland that will keep them here.

While this publication is not in love with banks and their reckless ways that brought this...Read More

Posted Dec 22, 2009

Leading economist warns of recession mark II

Charles Goodhart is one of those rare individuals who has a rule named after him. It is one of those rules that has been re-interpreted so many times that it has evolved. Originally, Goodhart’s Law said that as soon as a given monetary policy target is set, that target would...Read More

Posted Dec 23, 2009

Soros says UK default unlikely

Some columns are vitriolic in their condemnation of Labour and how it has allowed the fiscal deficit to explode. Many argue that Britain just can’t afford its debts and it will all end in a crashing pound, soaring interest rates and the story of the UK will be just like...Read More

Posted Dec 22, 2009

The public sector still expects wage rises next year – is that an ostrich with its head in the sand, or strikes on the horizon?

The Chartered Institute of Personnel and Development has been busy. It interviewed 2,500 people and, would you believe it, the majority of public sector workers reckon they will get a 2 per cent pay rise next year.

Mind you, private sector employees are expecting a 3 per cent pay rise, but...Read More

Posted Dec 22, 2009

Twitter in the black

Do you Twitter? If you do, here is some truly wonderful news. Early in the New Year we will be too, so you will be able to follow our intrepid exploits, and Twitter what we are thinking. Bet you can’t wait.

Meanwhile, here’s some news on Twitter itself.

According to a report...Read More

Posted Dec 22, 2009

Wonderful, wonderful Copenhagen: you were not, and this is where you went wrong

Not many people left Copenhagen happy.

Ed Miliband was so outspoken on the Copenhagen debacle that the Guardian was moved to paraphrase him with the headline: “China tried to hijack Copenhagen climate deal.”

Muhammed Chowdhury, a negotiator representing the so called G77, which is made up of most of the word’s poorest...Read More

Posted Dec 21, 2009

High Street sees November stumble

Statistics, eh!

According to the Office for National Statistics, retail sales were 0.3 per cent down in November from the month before. Sales were up 3.1 per cent on the same month last year, but remember, last year the High Street was awful.

The British Retail Consortium released similarly downbeat data earlier...Read More

Posted Dec 18, 2009

If banks are printing so much money, why is the money supply contracting?

Explain this:

The Bank of England and the Fed are printing money. Yet in October, the Bank of England’s preferred measure of sterling M4 fell by 0.8 per cent. It contracted by a similar amount the month before.

In the US, the Fed no longer publishes data on the M3 measure of...Read More

Posted Dec 17, 2009

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