Economics guru Albert Edwards, a strategist at Société Générale, is warning of a “bloodbath” in share markets in the months to come. October is a traditional month for a stock market crash and it’s beginning to look ominous for 2010 …
Finance
Europe and US heading for depression?
Under the heading, “Refinancing avalanche threatens European banks,” Open Europe is reporting a 2trillion euro black hole in European banks …
Financial crisis began with pure evil
The financial crisis seemed to many to develop from nothing and come out of nowhere. But, as economic historian Niall Ferguson has written, it had a sinister cause …
The eurozone endangers the world, says report
In a new report “Quantifying the Unthinkable”, Dutch bank ING has calculated that any defaults within the eurozone — which are probably inevitable — will spread deflationary shocks and depression around the world …
George Osborne’s first Budget
Feature In his recent Budget, George Osborne satisfied our appetite for realism, honesty and a massive aspiration for a healthy, self-funding economy in the medium term. How we enjoyed every cut-throat word of it. Despite his detractors in the City and the media, Osborne’s reputation is made. This Budget will be remembered even more than [...]
Will the euro collapse?
Europe is the epicentre of the new Armageddon, and the euro currency is its central cause. Britain did well to stay out of it, but, as an EU member, we are still trailing in the wake of this approaching cataclysm, subject to bigoted laws and restrictions from Brussels …
Britain and the euro
The UK’s position on the euro has been ambivalent ever since it was conceived by a small group of federalist fanatics in Brussels. While a broad swathe of the population, especially in the South West, has been against membership …
Keynesians still rule
Keynesians still rule the policy roost, it seems. Everywhere stimulus packages are being enabled or planned, never more so than at the fag end of Gordon Brown’s Labour government. Just look at so-called automatic stabilisers …
King defeated on QE
Printing money is becoming a habit it seems for the Bank of England. While extending QE by £50bn this month, the Governor wanted even more …
UK economy in deflation
The World Bank believes that idle factories risk a deflationary spiral in many developed countries. Capacity use has fallen to 72pc in Germany, 69pc in America, 65pc in Japan, and even 50pc in some developing nations.
