Where’s the export recovery gone?

10 Mar 2010 [0 Comments | 260 views]

The cheap pound should have started making its impact by now. And yet the latest trade figures don’t bring even a hint of promise. Mind you, there are those who say the euro is the currency that is about to suffer. Parity with the dollar is on the cards. Here is a question for you. [...]
Pound sits centre-stage

8 Mar 2010 [0 Comments | 476 views]

Newspaper-land has turned its attention to the cheap pound. Yesterday and today, a string of articles looked at the cheap pound and gave us the benefit of their authors’ ponderings. Here is a summary of what they say, plus a few penn’orth of thought of our own. The Telegraph’s Liam Halligan is not known for [...]
Sterling wobbled, and then it crashed

2 Mar 2010 [1 Comment | 548 views]

Well, it didn’t really crash, but it did suffer the worst one-day fall in a year. So that’s bad, but not the stuff crashes are made of. The pound is now down by around 30 per cent from peak, and arguably that is the stuff crashes are made of. But then again, before we get [...]
Pound will crash if budget deficit is cut too soon, warns bank

25 Feb 2010 [2 Comments | 726 views]

Now the row of Britain’s fiscal deficit has reached new heights. George Osborne finally starts putting some meat on his plans to slash spending, and yet the IMF comes out in support of maintaining spending for a while longer. Meanwhile, a currency trader has said if the fiscal debt is cut too soon, the pound [...]
China heading for recession, and the yuan myth

24 Feb 2010 [2 Comments | 1,701 views]

Two bits of news developed yesterday relating to China. Well, one bit of news was more an interesting article that made a rather good point about the yuan. The other news was based on the views of one of the world’s leading economists who has predicted a nasty economic crisis in the making in China. [...]
Japan booms as China prepares to about-turn

16 Feb 2010 [0 Comments | 329 views]

“Something is brewing,” says Jim O’Neill from Goldman Sachs. Mr O’Neill, who coined the acronym BRIC to describe Brazil, Russia, India and China, reckons that China is days away from agreeing to a 5 per cent rise in the yuan. “I have a strong opinion that they’re close to moving the exchange rate,” he told [...]