Investment & Business News Headlines

Which way next for global house prices?

The latest OECD economic outlook report hit us with some fascinating stuff about global house prices. And what is really good about the OECD data is that it may well have presented just about the most meaningful data of the lot. It looked at the ratio of average prices to income and rent going back from 1992 right up to today.

It looked at all the economies in the OECD, but in this article we are just looking at the UK, US, Japan, Germany, France...Read More

Markets celebrate as China makes soothing noises

It was another busy day yesterday. Will the dragon come out to play, or go back in its cave? That’s the big question. By ‘dragon’ of course is meant China, and by coming out to play we mean lend lots of money to indebted foreigners. The question is, can the...Read More

Posted May 28, 2010

Which way next for global house prices?

The latest OECD economic outlook report hit us with some fascinating stuff about global house prices. And what is really good about the OECD data is that it may well have presented just about the most meaningful data of the lot. It looked at the...Read More

Posted May 28, 2010

Up rates to 3.5%, says ‘mad’ OECD

Yesterday, the latest OECD Economic Outlook report was released. If you dig deep into the report, you finally come across a recommendation for the UK that, if applied, would wreak economic havoc across the land. Earlier this week the OECD issued another report predicting economic crisis as a...Read More

Posted May 27, 2010

Sell in May and go away, or get out while you can

Sell in May and go away. That’s one saying we could use to explain the latest turmoil to hit the markets. The stock market has predicted nine of the last five recessions, that’s another one. Are we in deep trouble again, or is it all just hype?

Scanning the Internet, there...Read More

Posted May 26, 2010

Stock markets: is it like 2008, or just a case of springtime nerves?

May is a notoriously bad month for share prices. Every year, this column pulls out the same old expression, sell in May and go away. And there is no shortage of economists who reckon the latest upheavals are little more than our annual springtime panic.

Ian Harwood, who is the chief...Read More

Posted May 26, 2010

Should Greece default?

Opinion is split. Writing in The Times, Anatole Kaletsky claims that a Greek default would have a more serious impact on the global economy than the collapse of Lehman Brothers. Much to his disgust, however, a growing chorus of voices is calling for Greek default. He said: “Yet the possibility...Read More

Posted May 26, 2010

Good news lurks in latest economic data

The ONS has revised upwards its latest estimate of the UK economy’s growth rate in Q1. It now reckons the UK expanded by 0.2 per cent.

It’s odd. Economists are still lamenting the UK’s performance in Q1, and yet it is surely too soon to tell.

The ONS revised its...Read More

Posted May 26, 2010

Papering over the cracks – why a radical solution may be the only way forward

Earlier this month, it seems we were within a hairbreadth of seeing another Lehman Brothers system meltdown. It would appear that the banking bailouts of September 2008 and early 2009 did no more than deal with symptoms, leaving the underlying problems still in place. Hence we get the euro crisis.

David...Read More

Posted May 24, 2010

Meltdown II, and can synthetic life save the day

Oh dear, it’s been another day of crisis.

If you have a nasty cold, and you take some miracle drug that masks the symptoms so you can go out and play in the sun, what happens when the effects of the drug wear off? Answer: you feel even worse. If you...Read More

Posted May 21, 2010

Rift opens in heart of Bank of England as US inflation falls to 44-year low

The release of the latest minutes from the Bank of England Monetary Policy Committee revealed the emergence of a new Rift Valley at the heart of the bank’s rate setting committee. On one side sit the doves, on the other the hawks, and the gap between them is growing. Meanwhile,...Read More

Posted May 20, 2010

Up rates to 3.5%, says ‘mad’ OECD

Yesterday, the latest OECD Economic Outlook report was released. If you dig deep into the report, you finally come across a recommendation for the UK that, if applied, would wreak economic havoc across the land. Earlier this week the OECD issued another report predicting economic crisis as a...Read More

Posted May 27, 2010

Markets celebrate as China makes soothing noises

It was another busy day yesterday. Will the dragon come out to play, or go back in its cave? That’s the big question. By ‘dragon’ of course is meant China, and by coming out to play we mean lend lots of money to indebted foreigners. The question is, can the...Read More

Posted May 28, 2010

Sell in May and go away, or get out while you can

Sell in May and go away. That’s one saying we could use to explain the latest turmoil to hit the markets. The stock market has predicted nine of the last five recessions, that’s another one. Are we in deep trouble again, or is it all just hype?

Scanning the Internet, there...Read More

Posted May 26, 2010

Stock markets: is it like 2008, or just a case of springtime nerves?

May is a notoriously bad month for share prices. Every year, this column pulls out the same old expression, sell in May and go away. And there is no shortage of economists who reckon the latest upheavals are little more than our annual springtime panic.

Ian Harwood, who is the chief...Read More

Posted May 26, 2010

The pain in Spain comes out of the drains

As you know, Spanish regulators did things the right way. In Spain, unlike the rest of the banking world, banks were required to maintain much higher capital ratios. And for the last 18 months we have been told that regulators should learn the lesson of Spanish banks. Governments have imposed...Read More

Posted May 26, 2010

Punish savings

There is an elephant in the living room that few dare mention. By seeking safety, savers have created unprecedented risk for the global economy.

But savers have been protected from their reckless saving. They have been protected because no one dares let banks fail, or no one dares let governments go...Read More

Posted May 26, 2010

Austerity begins

The great austerity drive begins, and not only in the UK. The Italian government is due to reveal its austerity package today, and the IMF has slated Spain for not doing enough.

As for Blighty, it may be… well, if nothing else it tells us how politicians seemed to be...Read More

Posted May 25, 2010

Merkel desperation

The German government banned naked short-selling and speculation on government bonds yesterday and the markets punished Germany. The move may yet go down in history as a wise, bold move. It is more likely it will be recalled as one of the great errors. The impact on the UK’s fiscal...Read More

Posted May 19, 2010

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