Investment & Business News Headlines

The new Marshall Plan and the new wave of destruction

A 17 year old boy sitting not far from the computer where this article is being written has a theory, not altogether serious, that the world will be overrun by zombies at the end of 2012. (Are you talking about my son – Ed?) Zombie films and TV series are all the rage at the moment. But there is another type of zombie we need to worry about.

Recently, Dr Angus Armstrong at the National Institute of Economic and Social Research said: “According to the FSA between 5 and 8...Read More

Is the single currency the problem?

Single currencies can create all kinds of nasties. The truth is that different regions need different exchange rates. During the boom years in the UK, the strength of the City led to a rise in sterling, but cities such as Hull found that the exchange rate was too high; manufacturing...Read More

Posted May 28, 2012

The new Marshall Plan and the new wave of destruction

A 17 year old boy sitting not far from the computer where this article is being written has a theory, not altogether serious, that the world will be overrun by zombies at the end of 2012. (Are you talking about my son – Ed?) Zombie films and TV series are...Read More

Posted May 28, 2012

Greeks told to eat cake, as safe haven UK descends into recession

IMF supremo Christine Lagarde has been making the headlines. The week started with her shivering, and ended with her sounding like your mother (when she was being really annoying).

Just imagine if the UK had carried on in the way it was going during 2008/09; Just imagine if it had...Read More

Posted May 28, 2012

The zombies are coming

“Liquidate labour, liquidate stocks, liquidate the farmers, liquidate real estate…It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up the wrecks from...Read More

Posted May 28, 2012

The answer to the economic woes

The first thing we need to do in the UK and across Europe is what Alan Greenspan once recommended to Japan.

In his book ‘Age of Turbulence’, Alan Greenspan recalled a conversation he had with the then Japanese finance minister and former prime minister. Mr Greenspan said: “After our customary exchange of...Read More

Posted May 21, 2012

Spain's economic problems were not its fault

Take Spain; as the credit ratings agencies take it in turns to turn the screw, it is too easy to say Spain is paying the price for its earlier recklessness. It must learn its lesson, reduce debt, and make its banks more prudent.

It is just that before the credit crisis...Read More

Posted May 21, 2012

Sterling rises on Hollande victory

Something odd happened with the markets over the last weekend and during the UK bank holiday Monday. Sterling hit its highest value relative to the euro since October 2008. Against the dollar its run wasn’t quite so good, but even so at 1.6118 at the time of writing, it is...Read More

Posted May 08, 2012

Hollande leads the backlash

It has often been said that if you ask an English person what the opposite of competition is, the reply will come back monopoly. Ask a French person the same question and you get the answer solidarity.

To the Anglo Saxon way of thinking, France should be bust by now. Labour...Read More

Posted May 08, 2012

Are the austerians on the retreat?

Give economist Paul Krugman some credit. You may or may not agree with his views that governments across the world need to go out and spend, but he does seem to have invented a new word  – one that seems to be creeping into popular usage.

You may know that there...Read More

Posted May 08, 2012

More QE?

The Bank of England didn’t do much this month. The wise men who sit on its interest rate setting committee sat and cogitated, and then decided nothing was the best course. No change in interest rates, and no change in quantitative easing – or QE as those in a hurry...Read More

Posted May 14, 2012

Greeks told to eat cake, as safe haven UK descends into recession

IMF supremo Christine Lagarde has been making the headlines. The week started with her shivering, and ended with her sounding like your mother (when she was being really annoying).

Just imagine if the UK had carried on in the way it was going during 2008/09; Just imagine if it had...Read More

Posted May 28, 2012

Is the single currency the problem?

Single currencies can create all kinds of nasties. The truth is that different regions need different exchange rates. During the boom years in the UK, the strength of the City led to a rise in sterling, but cities such as Hull found that the exchange rate was too high; manufacturing...Read More

Posted May 28, 2012

The zombies are coming

“Liquidate labour, liquidate stocks, liquidate the farmers, liquidate real estate…It will purge the rottenness out of the system. High costs of living and high living will come down. People will work harder, live a more moral life. Values will be adjusted, and enterprising people will pick up the wrecks from...Read More

Posted May 28, 2012

The answer to the economic woes

The first thing we need to do in the UK and across Europe is what Alan Greenspan once recommended to Japan.

In his book ‘Age of Turbulence’, Alan Greenspan recalled a conversation he had with the then Japanese finance minister and former prime minister. Mr Greenspan said: “After our customary exchange of...Read More

Posted May 21, 2012

UK's problems are its banks and zombies

And still they don’t get it.

A growing consensus is emerging. The UK housing market survived the recession, so it can survive anything. The view that UK house prices will never fall seems more firmly entrenched into the British psyche than ever. There is no household debt problem, because for most...Read More

Posted May 21, 2012

Default

“You can’t solve a crisis caused by too much debt by running up even more debt,” say the Austerians. George Osborne and Angela Merkel speak with one voice, at least they do when worshiping at the temple of austerity, for they are its high priest and priestess. They can’t begin...Read More

Posted May 21, 2012

Is common sense wrong?

Paul Krugman recently used his column in the ‘New York Times’ to make his point. He calls it the incredulity problem. Well actually Richard Dawkins came up with the phrase, and Krugman has merely tried to apply it to the economy. Critics of the idea of Darwinian evolution often cite...Read More

Posted May 08, 2012

Markets give thumbs up to George Osborne, but the economy stutters

As turmoil threatens to descend on the euro area, guess which country suddenly looks like a safe haven? Give up? Well, it’s the UK.

On the news of continuing woes in Greece, Spain, France (thanks to the Hollande victory), and Holland (thanks to a row over the need for austerity), last week...Read More

Posted May 14, 2012

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