Now the bond king Bill Gross, the most important investor in bonds in the world, has sided against austerity. It’s like the Martians from HG Wells’ ‘War of the Worlds’, the Austerians are being forced to reconsider their conquest of the Earth.
Gross said: “The UK and almost all...Read More
And so Apple is no longer number one. Its market cap dropped to a trivial, an almost insignificant $387 billion yesterday. Why there are simply loads of companies worth more than that – for one there is ExxonMobil, which is worth a full $7 billion more than Apple at the...Read MorePosted Apr 18, 2013
It is one of the most quoted economics papers of the last decade. It is cited time and time again by supporters of austerity. It provides the empirical data to support George Osborne’s strategy for the UK. Even critics of austerity, those who support the idea of government stimulus, take...Read MorePosted Apr 17, 2013
In the UK, as this piece shows (see: Is the UK housing market poised for recovery, and is that good or bad news?), there is evidence to suggest that UK house prices are in strong recovery mode. It is quite curious. The UK economy has suffered its worst downturn...Read MorePosted Apr 16, 2013
They used to talk about the bells of Shoreditch. You might recall the words ‘When I get rich, say the bells of Shoreditch’. Better than the oranges and lemons offered by the Bells of St Clements.
These days the area is more known for its roundabout, or silicon roundabout as it is called....Read MorePosted Oct 24, 2012
And so Goldman Sachs and the Russian investor Digital Sky Technologies pump $500m into Facebook for a mere 1 per cent. So that means Facebook is worth around $50bn. Speculation that a flotation is imminent is rife. Others say it’s downright ridiculous, and wonder how a company with such modest...Read MorePosted Jan 05, 2011
So this is Christmas, and what have you done? Another year over, and a new one just begun.
Well, one thing we can say without fear of contradiction: the global economy is one year older, too, but what has it done?
The Sudoko puzzle
Is China changing?
Wages, the rich, and why...Read More
For quite a while Capital Economics have been bears on gold. As of this week that has changed, with the consultancy now forecasting that the pretty yellow metal could reach $2,000. Mind you, contrarians argue that the time to buy is when the most bullish of investors has turned bearish,...Read MorePosted Dec 22, 2010
Already a retailer has issued a profits warning and has blamed the snow. Meanwhile, the Federation of Small Businesses has called for the government to give a helping hand to businesses that are reeling thanks to the bad weather.
Alexon, the women’s fashion group that includes the Ann Harvey, Eastex and...Read MorePosted Dec 22, 2010
The row, or is that outright war, over bank bonuses rumbles on. Vince Cable has never been shy in spouting forth his anti-bank rhetoric, but now even the man who is normally the bank’s friend, Boris Johnson, has made a speech criticising bank bonuses.
And yet still the threat remains: You...Read MorePosted Dec 21, 2010