Tag Archives: uk

Scottish independence special

Scottish independence: Foreign investors desert British economy amid fears of ‘yes’ vote

Up to £12bn withdrawn as Japanese bank Nomura warns of possible sterling ‘collapse’

http://www.independent.co.uk/news/uk/scottish-independence/scottish-independence-foreign-investors-desert-british-economy-amid-fears-of-yes-vote-9720967.html

Scots, What the Heck?

Comparing Scotland with Canada seems, at first, pretty reasonable. After all, Canada, like Scotland, is a relatively small economy that does most of its trade with a much larger neighbor. Also like Scotland, it is politically to the left of that giant neighbor. And what the Canadian example shows is that this can work.

http://www.nytimes.com/2014/09/08/opinion/paul-krugman-scots-what-the-heck.html?_r=3

Scotland far closer to sovereignty than Quebec as Marois heads to Edinburgh for meeting with separatists

The Parti Québécois long served as a source of inspiration to Scottish nationalists looking to achieve independence.

http://fullcomment.nationalpost.com/2013/01/27/graeme-hamilton-scotland-far-closer-to-sovereignty-than-quebec-as-marois-heads-to-edinburgh-for-meeting-with-separatists/

Scottish independence: have we seen these tactics before in Québec?

As the yes side gains momentum, parallels in the response can be drawn to the 1995 campaign in Canada

 

http://www.theguardian.com/politics/2014/sep/07/scottish-independence-tactics-quebec

Let’s push this more and post some more pages

In opinion pieces:
http://wingsoverscotland.com/a-letter-from-quebec/
http://www.newstatesman.com/politics/2012/12/independent-scotland-could-look-wee-canada
http://blogs.lse.ac.uk/europpblog/2014/07/26/what-the-independence-referendums-in-quebec-suggest-about-scotland/
http://www.bbc.com/news/magazine-29077213
http://montrealsimon.blogspot.com/2014/09/why-scottish-referendum-is-not-quebec.html

On Risks,
http://www.independent.co.uk/news/uk/this-britain/how-black-gold-was-hijacked-north-sea-oil-and-the-betrayal-of-scotland-518697.html
http://www.theguardian.com/commentisfree/2014/sep/02/scots-independence-england-scotland
http://www.theguardian.com/politics/2012/jan/14/scottish-independence-alistair-darling
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10652595/Standard-Life-to-warn-of-risks-of-Scottish-independence.html
http://www.bbc.com/news/uk-scotland-26864329

Related Posts

  • 55
    Sterling fundamentals will take centre-stage on Wednesday with high volatility inevitable. The Bank of England inflation report will have a mixed tone and plenty of caveats, especially as Governor Carney will want to keep as much flexibility as possible. While not ruling out a 2014 rate increase, he will again…
    Tags: sterling, bank, economy, boe
  • 48
    If trade and financial sanctions were imposed on Russia, the cost to the UK might well exceed the cost to Russia. That is presumably why the Foreign Office wrote - in a document carelessly (or deliberately?) displayed yesterday for the lenses of photographers - that "the UK should not support…
    Tags: uk, trade, foreign, economy
  • 48
    . ECB and BOE interest rates remain on hold. ECB keep at 0.25 % UK keep at 0.5% The press conference  with ECB President - Mario Draghi - and Vice President -Vito Constâncio - will tells us more
    Tags: boe, uk
  • 46
    (Source http://www.independent.co.uk/news/business/comment/david-blanchflower/david-blanchflower-we-should-fear-deflation--not-welcome-it-9986726.html ) The UK isn’t in deflation yet. While central bankers know what to do about stopping inflation, they don’t know what to do about halting deflation. The Swiss National Bank last week abandoned its attempt to defend a currency floor, which caused a sharp appreciation in its currency, which…
    Tags: uk, economy, bank
  • 43
    Osper, a new UK startup, has come up with an innovative way to create a banking service than can be used by children, combining prepaid debit cards and smartphone apps controlled by both them and their parents. The approach could potentially reach a market underserved by most banks, but which…
    Tags: uk, bank, £, investors, economy

Pound Rises Most in Two Months on Recovery Signs, #IMF Forecasts #GBP

The pound rose the most in two months versus the dollar this week as manufacturing and production data signaled the U.K. recovery is on track, boosting bets the Bank of England will raise interest rate and is going to nudge higher throughout the course of this month

The pound gained 1 percent this week, Industrial production increased 0.9 percent in February from the previous month and manufacturing output climbed 1 percent.

Growth Estimates

The IMF raised its forecasts for U.K. growth, predicting the economy will grow 2.9 percent in 2014.

Sterling gained 4.4 percent in the past six months, The euro climbed 1.9 percent, while the dollar slid 1 percent.Policy makers kept the benchmark interest rate unchanged at a record-low 0.5 percent at a meeting this week.

Annualized inflation slowed to 1.6 percent in March, from 1.7 percent the month before. The unemployment rate is estimated to 7.1 percent in the three months through February. This may prompt policy makers to consider to raise the interest rate.

Officials said in February there would be scope to maintain record-low rates even after the threshold is reached.

Related Posts

  • 75
    It certainly could be, but the odds do not favor it. Statistically speaking, it is far more likely that a run-of-the-mill correction is now underway and working its way through each sector of the market, to varying degrees of severity. Counter-trend rallies are sharp and short (think Wednesday), which is…
    Tags: usa, uk, europe, economy
  • 73
    The August 2013 gross domestic product report by the US Bureau of Economic Analysis drew little attention, but it contained a fairly remarkable piece of data: Inflation-adjusted GDP per capita in the United States hit a new all-time high in the second quarter of 2013, the first time a new…
    Tags: usa, uk, europe, economy
  • 71
    För 10 år sedan verkade den globala ekonomin att vara på bättringsvägen.  Räntorna gick ner till 1 %, Storbritannien var i sitt 12:e år av oavbruten tillväxt, Kina var en del av WTO och alla trodde på att marknaderna själva kunde korrigera sig. Den monetära systemkrasch som kom var oförutsedd…
    Tags: usa, uk, europe, economy
  • 62
    10 years ago, the global economy seemed to be on the mend. Interests rates down to 1%, UK was in its 12th year of uninterrupted growth, China was a part of WTO and everyone firmly believed in self correcting markets. The monetary system crash was unforeseen and a surprise. IMF…
    Tags: interest, uk, economy, rate, usa, europe
  • 62
    If trade and financial sanctions were imposed on Russia, the cost to the UK might well exceed the cost to Russia. That is presumably why the Foreign Office wrote - in a document carelessly (or deliberately?) displayed yesterday for the lenses of photographers - that "the UK should not support…
    Tags: uk, usa, economy

Is this the beginning of a crash? @reformedbroker

It certainly could be, but the odds do not favor it. Statistically speaking, it is far more likely that a run-of-the-mill correction is now underway and working its way through each sector of the market, to varying degrees of severity. Counter-trend rallies are sharp and short (think Wednesday), which is fairly characteristic of a defined downtrend. The 200-day moving average is rising up just beneath us and it may offer some solid support, just as it had in December of 2012.

http://www.thereformedbroker.com/

Related Posts

  • 90
    The August 2013 gross domestic product report by the US Bureau of Economic Analysis drew little attention, but it contained a fairly remarkable piece of data: Inflation-adjusted GDP per capita in the United States hit a new all-time high in the second quarter of 2013, the first time a new…
    Tags: average, fairly, usa, uk, europe, economy
  • 86
    För 10 år sedan verkade den globala ekonomin att vara på bättringsvägen.  Räntorna gick ner till 1 %, Storbritannien var i sitt 12:e år av oavbruten tillväxt, Kina var en del av WTO och alla trodde på att marknaderna själva kunde korrigera sig. Den monetära systemkrasch som kom var oförutsedd…
    Tags: usa, uk, europe, economy
  • 79
    If trade and financial sanctions were imposed on Russia, the cost to the UK might well exceed the cost to Russia. That is presumably why the Foreign Office wrote - in a document carelessly (or deliberately?) displayed yesterday for the lenses of photographers - that "the UK should not support…
    Tags: uk, support, usa, economy
  • 75
    The pound rose the most in two months versus the dollar this week as manufacturing and production data signaled the U.K. recovery is on track, boosting bets the Bank of England will raise interest rate and is going to nudge higher throughout the course of this month The pound gained…
    Tags: uk, usa, europe, economy
  • 73
    10 years ago, the global economy seemed to be on the mend. Interests rates down to 1%, UK was in its 12th year of uninterrupted growth, China was a part of WTO and everyone firmly believed in self correcting markets. The monetary system crash was unforeseen and a surprise. IMF…
    Tags: crash, uk, economy, rising, market, usa, europe

Kris eller uppgång för världen ?

För 10 år sedan verkade den globala ekonomin att vara på bättringsvägen.  Räntorna gick ner till 1 %, Storbritannien var i sitt 12:e år av oavbruten tillväxt, Kina var en del av WTO och alla trodde på att marknaderna själva kunde korrigera sig.

Den monetära systemkrasch som kom var oförutsedd och en total överraskning. IMF erkände att det hade gjort sig skyldiga till grupptänkande och tonade ner tecken på problem.

Ser man tillbaka och jämför, är dock 2014 inte så annorlunda jämfört med 2004. Den globala ekonomin är aktiv igen, med stor tillgång på billigt kapital.

En del optimister tror att perioden med låg inflation och fortsatt expansion har återvänt efter ett uppehåll som orsakats av kraschen. Lågkonjunkturer är sällsynta och länder återgår så småningom till en trendmässig tillväxt. Detta kan antingen vara början på en ny lång global uppgång, eller i ett annat fall en del av grupptänkande.

Kanske har IMF ännu en gång valt att ignorera de tecken som kan anas i 2014 som återigen kan leda till turbulens:

1. Den globala ekonomin är beroende av exceptionellt låga räntor. Räntorna är lägre i varje efterföljande cykel och räntorna är nu knappt över noll.

2. Obligationsmarknaden kan krascha eftersom världens centralbanker försöker återvända till en mer normal penningpolitik med en måttlig och gradvis höjning av styrräntorna.

3. Alla åberopade att skiffer olja och gas skulle bli vår nästa energikälla. Men 15 stora företag har skrivit av $35 miljarder i investeringar sedan boomen inleddes. Att få olja och gas ur marken har visat sig dyrare och mindre lönsamt än väntat.

4. Risken för resurskonflikter inom de kommande fem till tio åren, om inte det internationella samfundet blir bättre på att hantera den globala uppvärmningen . Extrema väderhändelser – från översvämningar i Storbritannien till torka i Australien – ökar.

5. Ökande ojämlikhet – en liten elit tjänar på den globala tillväxten. Längst ner, och i allt högre grad även för dem i mitten, är det en fråga om lönesänkningar, högre arbetslöshet, skuldsättning, åtstramning och fattigdom. De 85 rikaste människorna i världen äger tillsammans lika mycket som hälften av världens befolkning, men verkar omedveten om risken för omfattande social oro .

Vi får hoppas att dessa tecken inte blir mer reella och att vi ser en uppgång istället för en längre och djupare kris.

Posted on http://hedgenordic.com/

Related Posts

  • 86
    It certainly could be, but the odds do not favor it. Statistically speaking, it is far more likely that a run-of-the-mill correction is now underway and working its way through each sector of the market, to varying degrees of severity. Counter-trend rallies are sharp and short (think Wednesday), which is…
    Tags: usa, uk, europe, economy
  • 84
    The August 2013 gross domestic product report by the US Bureau of Economic Analysis drew little attention, but it contained a fairly remarkable piece of data: Inflation-adjusted GDP per capita in the United States hit a new all-time high in the second quarter of 2013, the first time a new…
    Tags: usa, uk, europe, economy
  • 72
    If trade and financial sanctions were imposed on Russia, the cost to the UK might well exceed the cost to Russia. That is presumably why the Foreign Office wrote - in a document carelessly (or deliberately?) displayed yesterday for the lenses of photographers - that "the UK should not support…
    Tags: uk, usa, economy
  • 71
    The pound rose the most in two months versus the dollar this week as manufacturing and production data signaled the U.K. recovery is on track, boosting bets the Bank of England will raise interest rate and is going to nudge higher throughout the course of this month The pound gained…
    Tags: uk, usa, europe, economy
  • 68
    10 years ago, the global economy seemed to be on the mend. Interests rates down to 1%, UK was in its 12th year of uninterrupted growth, China was a part of WTO and everyone firmly believed in self correcting markets. The monetary system crash was unforeseen and a surprise. IMF…
    Tags: uk, economy, usa, europe

World turbulences ahead ? #IMF #Forex #Economy

10 years ago, the global economy seemed to be on the mend. Interests rates down to 1%, UK was in its 12th year of uninterrupted growth, China was a part of WTO and everyone firmly believed in self correcting markets. The monetary system crash was unforeseen and a surprise. IMF confessed that it had been guilty of groupthink and played down the signs of trouble.
2014 is not that different from 2004. The global economy is mobile again, with the cheap money available.

Some optimists believe that the period of low inflation and continual expansion has returned after the hiatus caused by the crash. Recessions are rare and countries eventually revert to a trend rate of growth. This could either be the start of another long global upswing, another case of groupthink. Maybe the IMF is yet again choosing to ignore the signs in 2014 which might lead to another turbulence. 5 of such sings are

  1. The global economy’s dependency on exceptionally low interest rates. The trough in interest rates has been lower in each subsequent cycle and they are now barely above zero.  
  2. The bond market crashed as the world’s central banks cautiously try to return monetary policy to a more normal setting with a modest and gradual increase in official interest rates. 
  3. Everyone relied on Shale Oil and Gas to be our next source of energy. However 15 major companies have written off $35bn in investment since the boom began. Getting oil and gas out of the ground is proving costlier and less profitable than expected
  4. the risk of resource conflicts within the next five to 10 years unless the international community gets serious about dealing with global warming. The catalogue of extreme weather events – from floods in the UK to droughts in Australia – is growing. 
  5. Rising inequality – a tiny elite now grabbing the lion’s share of global growth. At the bottom, and increasingly for those in the middle as well, it is a case of wage squeezes, high unemployment, debt, austerity and poverty. The 85 richest people on the planet own the same wealth as half the world’s population but seem oblivious to the risk of widespread social unrest.

Related Posts

  • 73
    It certainly could be, but the odds do not favor it. Statistically speaking, it is far more likely that a run-of-the-mill correction is now underway and working its way through each sector of the market, to varying degrees of severity. Counter-trend rallies are sharp and short (think Wednesday), which is…
    Tags: rising, market, crash, usa, uk, europe, economy
  • 71
    The August 2013 gross domestic product report by the US Bureau of Economic Analysis drew little attention, but it contained a fairly remarkable piece of data: Inflation-adjusted GDP per capita in the United States hit a new all-time high in the second quarter of 2013, the first time a new…
    Tags: high, usa, uk, europe, economy
  • 68
    För 10 år sedan verkade den globala ekonomin att vara på bättringsvägen.  Räntorna gick ner till 1 %, Storbritannien var i sitt 12:e år av oavbruten tillväxt, Kina var en del av WTO och alla trodde på att marknaderna själva kunde korrigera sig. Den monetära systemkrasch som kom var oförutsedd…
    Tags: usa, uk, europe, economy
  • 62
    The pound rose the most in two months versus the dollar this week as manufacturing and production data signaled the U.K. recovery is on track, boosting bets the Bank of England will raise interest rate and is going to nudge higher throughout the course of this month The pound gained…
    Tags: rate, interest, uk, usa, europe, economy
  • 60
    If trade and financial sanctions were imposed on Russia, the cost to the UK might well exceed the cost to Russia. That is presumably why the Foreign Office wrote - in a document carelessly (or deliberately?) displayed yesterday for the lenses of photographers - that "the UK should not support…
    Tags: uk, well, usa, economy

Business Banking The foreign exchange trader: ‘the closer you get to 4pm, the less the risk’

Caspar Marney, a veteran of forex desks, now teaches others how the impenetrable markets work

“Banks don’t have to beat the market to make money. They just have to beat their customers.”

So says Caspar Marney, a foreign exchange trader of about 20 years’ experience, including spells at major City banks such as UBS and HSBC.

The former paratrooper has been playing those markets using his own statistical methods on behalf of private clients since 1999, and gives lectures to others keen to learn how this impenetrable scene really works – which seems to be in a very different way to how most of us imagined.

On Tuesday, Bank of England governor Mark Carney admitted that allegations of exploitation in foreign exchange markets could prove to be a bigger scandal than the manipulation of Libor, following last year’s revelations that the £3tn-a-day global trade in currencies might have been rigged.

“A bank’s spot [currency trading] desk doesn’t generally beat the market,” Marney adds. “They extract profit from their orders. Orders are information. Every bit of information stacks the deck. And the closer you get to 4pm, the less the risk [of the price moving against you].”

http://www.theguardian.com/

 

Related Posts

  • 60
    Deutsche Bank has fired three currency traders in New York as regulators worldwide ramp up their investigations into potential manipulation of the $5-trillion-a-day foreign exchange market, according to a person briefed on the matter. The three employees include the head of Deutsche Bank’s emerging markets foreign exchange trading desk in…
    Tags: bank, exchange, foreign, currency, markets, trading, desk, manipulation, market
  • 60
    Russia invades Ukraine: beware of a risk off weekly opening
    Tags: risk, trading, currency
  • 59
    Currency traders are having their worst start to a year since 2010 as a dearth of trends in major foreign-exchange markets crushes their investment strategies. Deutsche Bank AG’s Currency Returns Index has dropped 0.3 percent since Dec. 31, dragged down by momentum trading, where investors looks for consistent moves in…
    Tags: currency, trading, including, years, major, markets, bank
  • 58
    Software AG  today unveiled the latest addition to its Apama market surveillance solution with alerts to identify FX (foreign exchange) market manipulation and benchmark fixing. Developed in partnership with tier one banks, these new alerts provide compliance and market monitoring personnel with in-depth monitoring of FX trading, to identify benchmark…
    Tags: market, manipulation, trading, business, foreign, exchange, banks, currency
  • 47
    The dollar is stronger today following the slightly hawkish stance of the FOMC Minutes, which hinted at the potential for an earlier-than-expected hike in interest rates. Nothing is likely to happen any time soon though, and equities liked that idea in continuing their positive trend, with the S+P regaining its…
    Tags: markets, global, uk, trading, bank

British PM warns Russia could face asset freezes, travel bans

British Prime Minister David Cameron warned the Kremlin on Thursday that Russians could face asset freezes and travel bans unless there was progress in direct talks with the new Ukrainian government.

Cameron, speaking after a meeting of European Union heads of state in Brussels, said the EU had agreed to suspend negotiations on easing visa rules for Russians in response to President Vladimir Putin’s intervention in Ukraine.

http://www.trust.org/item/20140306171050-jtn1u

Related Posts

  • 68
    Crimea's parliament voted to join Russia on Thursday and its Moscow-backed government set a referendum within 10 days on the decision in a dramatic escalation of the crisis over the Ukrainian Black Sea peninsula. The sudden acceleration of moves to bring Crimea, which has an ethnic Russian majority and has…
    Tags: russia, ukraine, president, union, travel, european, government, thursday, ukrainian
  • 68
    A Russian occupation of Crimea raises the specter of the Cold War, in which the nuclear stalemate between the United States and the Soviet Union devolved into regional disputes around the world. While military and political frictions made the biggest headlines, the Cold War couldn’t be well understood without using…
    Tags: union, ukraine, russia
  • 65
    It’s never a good day when almost 10% of the value of the world’s largest country - Russia - is wiped out. Do you remember UK in 1997 ?
    Tags: uk, russia
  • 62
    The German government says Russian President Vladimir Putin accepted a proposal by Chancellor Angela Merkel for a fact-finding mission and a "contact group" on Ukraine that could be led by the Organization for Security and Cooperation in Europe. Government spokesman Georg Streiter said the proposal came in a telephone conversation…
    Tags: ukraine, government, intervention, minister, russia, vladimir, president
  • 62
    When it comes to explaining Russia’s Ukrainian adventurism, the West has attempted to hide behind a wall of myths and hope its problems will just go away. There are all sorts of reasons to be stunned and perplexed today. Stunned by the reintroduction of the fears and phobias of the…
    Tags: ukraine, russia, ukrainian

Who loses from punishing Russia?

If trade and financial sanctions were imposed on Russia, the cost to the UK might well exceed the cost to Russia.

That is presumably why the Foreign Office wrote – in a document carelessly (or deliberately?) displayed yesterday for the lenses of photographers – that “the UK should not support for now trade sanctions or close London’s financial centre to Russians”.

 

http://www.bbc.com/news/business-26431849

Related Posts

  • 79
    It certainly could be, but the odds do not favor it. Statistically speaking, it is far more likely that a run-of-the-mill correction is now underway and working its way through each sector of the market, to varying degrees of severity. Counter-trend rallies are sharp and short (think Wednesday), which is…
    Tags: support, usa, uk, economy
  • 77
    The August 2013 gross domestic product report by the US Bureau of Economic Analysis drew little attention, but it contained a fairly remarkable piece of data: Inflation-adjusted GDP per capita in the United States hit a new all-time high in the second quarter of 2013, the first time a new…
    Tags: financial, usa, uk, economy
  • 72
    För 10 år sedan verkade den globala ekonomin att vara på bättringsvägen.  Räntorna gick ner till 1 %, Storbritannien var i sitt 12:e år av oavbruten tillväxt, Kina var en del av WTO och alla trodde på att marknaderna själva kunde korrigera sig. Den monetära systemkrasch som kom var oförutsedd…
    Tags: usa, uk, economy
  • 71
    America has allowed its oil companies to export oil as announced in private letters to oil companies. This will, for sure, cause a stir in the global oil markets and lead to lower prices. Global oil prices previously soared due to the fall in the supply of oil- stoppage of oil exports…
    Tags: usa, economy
  • 70
    U.S. economy added 533,000 jobs during the first three months of the year What do we need to analyse ? -To keep pace, job creation would need to accelerate in April -Watch which sectors of the economy are adding jobs. -Flirting with Full Employment -Average hourly earnings -The participation rate…
    Tags: economy, usa

Two-Speed Recovery: US vs. EU

The August 2013 gross domestic product report by the US Bureau of Economic Analysis drew little attention, but it contained a fairly remarkable piece of data: Inflation-adjusted GDP per capita in the United States hit a new all-time high in the second quarter of 2013, the first time a new high had been reached since 2007. Real consumer spending has hit a new high, too, and auto sales are at levels not seen since before the financial crisis. Millions of Americans are still searching for work and suffering financial hardship, but on average, by the broadest measures of economic performance, America’s Great Recession is over.

 

http://www.worldaffairsjournal.org/

Related Posts

  • 90
    It certainly could be, but the odds do not favor it. Statistically speaking, it is far more likely that a run-of-the-mill correction is now underway and working its way through each sector of the market, to varying degrees of severity. Counter-trend rallies are sharp and short (think Wednesday), which is…
    Tags: fairly, average, usa, uk, europe, economy
  • 84
    För 10 år sedan verkade den globala ekonomin att vara på bättringsvägen.  Räntorna gick ner till 1 %, Storbritannien var i sitt 12:e år av oavbruten tillväxt, Kina var en del av WTO och alla trodde på att marknaderna själva kunde korrigera sig. Den monetära systemkrasch som kom var oförutsedd…
    Tags: usa, uk, europe, economy
  • 77
    If trade and financial sanctions were imposed on Russia, the cost to the UK might well exceed the cost to Russia. That is presumably why the Foreign Office wrote - in a document carelessly (or deliberately?) displayed yesterday for the lenses of photographers - that "the UK should not support…
    Tags: financial, uk, usa, economy
  • 73
    The pound rose the most in two months versus the dollar this week as manufacturing and production data signaled the U.K. recovery is on track, boosting bets the Bank of England will raise interest rate and is going to nudge higher throughout the course of this month The pound gained…
    Tags: uk, usa, europe, economy
  • 71
    10 years ago, the global economy seemed to be on the mend. Interests rates down to 1%, UK was in its 12th year of uninterrupted growth, China was a part of WTO and everyone firmly believed in self correcting markets. The monetary system crash was unforeseen and a surprise. IMF…
    Tags: uk, economy, high, usa, europe

Central Bankers wants KISS

This week, the U.S. Federal Reserve and the Bank of England both made welcome moves toward more simplicity. Specifically, they recast the “forward guidance” they’d previously given investors about their intentions.

http://www.bloomberg.com/

P:S

Definition of KISS

Related Posts

  • 70
    It certainly could be, but the odds do not favor it. Statistically speaking, it is far more likely that a run-of-the-mill correction is now underway and working its way through each sector of the market, to varying degrees of severity. Counter-trend rallies are sharp and short (think Wednesday), which is…
    Tags: uk, europe, economy
  • 68
    The August 2013 gross domestic product report by the US Bureau of Economic Analysis drew little attention, but it contained a fairly remarkable piece of data: Inflation-adjusted GDP per capita in the United States hit a new all-time high in the second quarter of 2013, the first time a new…
    Tags: uk, europe, economy
  • 65
    För 10 år sedan verkade den globala ekonomin att vara på bättringsvägen.  Räntorna gick ner till 1 %, Storbritannien var i sitt 12:e år av oavbruten tillväxt, Kina var en del av WTO och alla trodde på att marknaderna själva kunde korrigera sig. Den monetära systemkrasch som kom var oförutsedd…
    Tags: uk, europe, economy
  • 64
    The European Debt Crisis Visualized http://www.bloomberg.com/
    Tags: http://www.bloomberg.com, europe, economy
  • 64
    (Source http://www.independent.co.uk/news/business/comment/david-blanchflower/david-blanchflower-we-should-fear-deflation--not-welcome-it-9986726.html ) The UK isn’t in deflation yet. While central bankers know what to do about stopping inflation, they don’t know what to do about halting deflation. The Swiss National Bank last week abandoned its attempt to defend a currency floor, which caused a sharp appreciation in its currency, which…
    Tags: uk, economy, bank, central