World Cup Disappointment for England Oh dear. After all that effort. And with a very slick team at the last push, combining Leadership, Royalty and Celebrity. The trouble is that the deal does not work like that. We may not know how the deal does work exactly, neither may we like what we know. Accusing those […]
Economic Recovery There are now signs that the economy is reshaping itself and recovering at the same time. House prices are continuing to fall. People and businesses are borrowing less. Mortgages are tough. Housing benefit caps will bear down on rents. The state is shrinking. Manufacturing is increasing at the fastest rate for fifteen years […]
Eurozone Trouble Ahead Yesterday Germany failed to sell all its bonds. This is an unwelcome straw in the wind. Markets remain nervous, if a little irrational. Portugal’s bonds were oversubscribed, but at a higher yield than two weeks ago. These bonds are for one year only, then the Portuguese government will have to come back to borrow more. […]
U.S. Deficit Reduction and U.K. Growth. At last the U.S. government has woken up to the need to reduce its out of control budget deficit and the Administration has asked a panel of two experts, one from each Party to come up with a plan. They have done so. It amounts to an eye popping […]